How is the South Norwood property market performing?
Some of the fantastic results we've acheived in and around South Norwood
Beauchamp Road SE19
We exceeded expectations by recently selling Beauchamp Road for above its asking price.
Orchard Grove SE20
We helped the landlord of Orchard Grove to avoid a void period and leaving the place empty by securing a tenancy as soon as the property was available!
Beulah Hill SE19
We recently secured a two year long let on Beulah Hill!
Lawrie Park Road SE26
We helped the landlord of Lawrie Park Road to avoid a void period and leaving the place empty by securing a tenancy as soon as the property was available!
Gordon Road BR3
Gordon Road exchanged contracts 30 days after the offer was accepted with us.
Border Road SE26
We recently secured a two year long let on Border Road!
Sydenham Road SE26
Sydenham Road exchanged contracts 30 days after the offer was accepted with us.
Beatrice Avenue SW16
Beatrice Avenue sold recently for its full asking price.
Littlestone Close BR3
Littlestone Close exchanged contracts 20 days after the offer was accepted with us.
Valley Road SW16
Valley Road went under offer 11 days after it came on to the market with us.
Greyhound Lane SW16
We recently secured a two year long let on Greyhound Lane!
Oakdale Road SW16
Oakdale Road went under offer 24 days after it came on to the market with us.
Westwood Court SE23
We recently secured a two year long let on Westwood Court!
Aberfoyle Road SW16
We helped the landlord of Aberfoyle Road to avoid a void period and leaving the place empty by securing a tenancy as soon as the property was available!
Marian Road SW16
We recently secured a very long tenancy of 14 months on Marian Road!
Bournevale Road SW16
We exceeded expectations by recently selling Bournevale Road for above its asking price.
Gleneldon Road SW16
We exceeded expectations by recently selling Gleneldon Road for above its asking price.
St Germans Road SE23
St Germans Road sold recently for its full asking price.
Wavertree Road SW2
Wavertree Road went under offer 25 days after it came on to the market with us.
Average property price in South Norwood£278,987
45.8% below the London Average of £514,807
Source: © Crown Copyright. Land Registry data for May 2015
Average rental price in South Norwood£724 per week
14.2% above the London Average of £634 per week
Source: © Foxtons current rental prices
South Norwood prices compared to nearby locations
|Area||Average price||Average rental||View properties|
|Crystal Palace||£337,087||£446 pw||Properties for sale or to rent in Crystal Palace|
|Elmers End||£418,156||-||Properties for sale or to rent in Elmers End|
|Croydon||£303,025||-||Properties for sale or to rent in Croydon|
|Sydenham||£397,269||£370 pw||Properties for sale or to rent in Sydenham|
|New Beckenham||£446,766||-||Properties for sale or to rent in New Beckenham|
|Shirley Oaks||£336,377||-||Properties for sale or to rent in Shirley Oaks|
|Upper Sydenham||£419,621||-||Properties for sale or to rent in Upper Sydenham|
|Beckenham||£441,265||£485 pw||Properties for sale or to rent in Beckenham|
|West Norwood||£430,273||£965 pw||Properties for sale or to rent in West Norwood|
|Streatham Vale||£354,352||£495 pw||Properties for sale or to rent in Streatham Vale|
Renewed interest in the extension of the Bakerloo line is fantastic news for South East London.
Following a consultation in 2014, proposed lines through Lewisham and Beckenham were received with great enthusiasm, which if implemented, will have an incredible impact on the property market in these areas.
But it is not as if we don't have fantastic transport links in the South East already, with Tram Link and National Rail servicing areas like Beckenham, which has a whopping eight stations in its vicinity! In places like Crystal Palace and Sydenham, previous major infrastructural changes, including the arrival of the Overground, have heightened interest in the region, which will only continue to grow in the coming years.
Over the next few years there are huge development plans for South and South East London, which is great news for tenants looking to make the most of the region's value for money.
Beginning in 2016, the Croydon Partnership will transform Croydon into a shopping destination, with Westfield and Hammerson redeveloping the Whitgift Centre site to create an exciting hub of new homes, shops and restaurants.
Part of this transformation is the upgrade of the existing transport system, which I think will encourage tenants to widen their property search to Croydon.
In areas like Beckenham, the existing transport links, schools, parkland and High Street offer everything that tenants look for when searching for the perfect place to live, particularly when trains from Beckenham Junction to London Victoria take only 24 minutes.
With the expansion of the Bakerloo line on the horizon, the future looks even brighter for Beckenham and the rest of the South East.
How much is your home in South Norwood worth?
Foxtons offer a free valuation service for properties in South Norwood.
Land Registry data is Crown copyright.