When it comes to buying a new house, you need to choose the right area. It may be that some different regions in a larger area will appeal to you and at Hunters Camberwell, we think the South East of London has a lot to offer buyers.
You need to find a place that offers the things you need to make daily life more straightforward, but you also need to uncover an affordable option. We will take you through the latest Camberwell house prices and offer a South East London comparison for you.
According to Zoopla, the average price paid for a property in Camberwell in the past 12 months is £560,655 while the average value of property in the area is £518,186, as of March 2019. If you are comparing areas or you need necessary data, this information will suffice.
Make an informed decision when moving house
However, you may require more detailed information if you want to move home. Therefore, the following information will help you better understand the Camberwell market:
· The average price paid for flats in Camberwell in the past 12 months is £401,637
· The average price paid for terraced properties in Camberwell in the past 12 months is £784,583
· The average price paid for semi-detached properties in Camberwell in the past 12 months is £945,118
· The average price paid for detached properties in Camberwell in the past 12 months is £678,000
The limited data for detached properties are likely to have impacted on the low return for this property style. However, as an overview of the market, and a reminder that a limited amount of data can lead to discrepancies, this information is of interest.
Of course, if you are considering Camberwell as an area, it is likely you may find other South East London areas too. Unless you have lived in Camberwell for many years or you have a specific reason to buy property here, you could be flexible when it comes to finding your ideal location.
South East London has a lot to offer
Brixton is close to Camberwell and according to Zoopla, as of March 2019, the average price paid for Brixton property in the past 12 months is £566,108. The average value of property in Brixton stands at £566,719, and the average price for property types are listed below:
· The average price paid for flats in Brixton in the past 12 months is £456,273
· The average price paid for terraced properties in Brixton in the past 12 months is £826,502
· The average price paid for semi-detached properties in Brixton in the past 12 months is £878,386
· The average price paid for detached properties in Brixton in the past 12 months is £1,454,500
While the average price paid for a property in Brixton and Camberwell are similar, examining average prices for property types indicates there may be better value in Camberwell. The average price paid for flats, terraced properties and semi-detached properties was lower in Camberwell than in Brixton.
For Tulse Hill, the average price paid for a property in the past 12 months is £632,970 and the average value, as of March 2019, is listed as £643,536. Below, you can see the average price paid for property types in Tulse Hill:
· The average price paid for flats in Tulse Hill in the past 12 months is £423,418
· The average price paid for terraced properties in Tulse Hill in the past 12 months is £826,626
· The average price paid for semi-detached properties in Tulse Hill in the past 12 months is £1,075,613
· The average price paid for detached properties in Tulse Hill in the past 12 months is £1,046,500
For Peckham, the average price paid for a property in the past 12 months is £586,691 and the average value, as of March 2019, is listed as £533,039.
· The average price paid for flats in Peckham in the past 12 months is £397,272
· The average price paid for terraced properties in Peckham in the past 12 months is £772,292
· The average price paid for semi-detached properties in Peckham in the past 12 months is £994,109
· The average price paid for detached properties in Peckham in the past 12 months is £565,000
An issue highlighted with figures provided for Camberwell can also be seen with the Peckham figures. When only a few sales have taken place, one outlier can significantly impact on average values.
There is no denying that South East London has a lot to offer, and there are many great locations to settle down. It will come as no surprise to learn that we believe Camberwell is a fantastic option, and when you compare South East London house prices, we think it is an area that offers value for money. If you would like to learn more about the Camberwell housing market, get in touch.
