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Lewisham is home to a variety of energetic and creative communities that benefit from the highest number of parks and green spaces in London.
Redevelopment strategies are taking place across the borough, bringing new homes, schools and leisure facilities. With excellent transport links connecting the borough to the rest of London, Lewisham has seen a healthy increase in property prices over the years. If you are looking to move from Lewisham, what can you expect when selling your home?
Looking to sell your Lewisham home?
Property prices have seen an overall increase of 35% in the last year alone. Terraced houses, which are most in demand, will achieve a price of £592,966 on average.
Flats, which are most advertised, will, on average, sell for £360,263, while semi-detached houses should sell for £990,417.
Looking to rent your home?
You may want to move from Lewisham, but keep your property to rent out. So what can you expect on the rental market?
Houses are most in demand on the rental market, and can bring in an average monthly income of £2,121 PCM. Flats, which are most advertised, will achieve an income of £1,346 PCM while individual rooms make an average of £659 PCM.
Buyer demographic in Lewisham
Property buyer demographics in Lewisham are generally in keeping with the rest of London. The average age for those moving to the area is 35, and there is a pretty even split between families and single professionals buying property.
Property in Lewisham will generally sell quite quickly due to its proximity to the city centre and good transport links. Terraced homes are the quickest to sell, taking just 51 days for contracts to be completed. Semi-detached homes and flats will take around 54-57 days to sell.
Similar locations to Lewisham
Lewisham is an up and coming area in terms of regeneration and rising property prices. The area is showing a lot of potential to become a new strong economic area in the city and is drawing more and more people into its residential areas. If you are looking for somewhere similar to move to within London, consider making the move to Ealing.
Comparemymove.com is the best start to planning any move, whether you are relocating within London, the UK or further afield. Get free quotes from Comparemymove.com and save up to 70% off your Lewisham removal costs.
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