Average value of homes in Lambeth jumps 11.9%

News at Eden Harper | 02/06/2012

The average value of a home in Lambeth is now £534,304 after rising 11.9% in the 12 months to April.

Figures from the Land Registry show that Lambeth recorded the biggest annual rise in house prices of London’s top 10 prime boroughs.

However, the data shows property prices in Lambeth slipped 0.5% in the month to April.

But the borough – which includes the increasingly popular residential areas of Streatham, Brixton, Vauxhall, West Norwood and parts of Clapham – is still tenth in the list of prime London’s most expensive areas to purchase a home.

Top of the list is Kensington and Chelsea – where the average price of a home is now £1.3m - followed by the City of Westminster, Camden and Hammersmith and Fulham.

The only other boroughs south of the River Thames to enter the Land Registry’s list of the 10 most expensive areas of London to buy a home were Wandsworth and Southwark.

Analysts expect property prices in London to climb higher. They point out that the Land Registry’s data is taken from a period affected by uncertainty in the property market due to the run up to the general election last month.

The Labour Party’s threat of imposing a mansion tax on the owners of properties worth £2m or more led to a slowdown in London’s prime property market. However, estate agents are now reporting an upturn in activity following the Conservative Party’s victory.

For more information click on the link below:

Homes and Property

During the current lockdown our offices are open but with skeleton staff only for prebooked appointments. Face to face appointments are strictly limited and contact should be by email. All other members of staff are working from home. Please go to our contact page for the relevant office/department. Existing tenants please click on Property Management in the main menu above for email addresses.

All persons attending pre scheduled appointments are required to wear face masks and observe social distancing measures. We ask this to help protect both themselves and our staff.

In the event of a Property Management emergency, please call our Battersea office on 020 7720 1116 where one of our property managers will assist you or an answer phone message will provide you with details of our emergency contractor.

Covid 19 Information Hide