Lewisham properties take average of 29 days to sell according to Rightmove

Lewisham one of fastest-selling London boroughs

Lewisham one of fastest-selling London boroughs

First published in News by

Lewisham is one of the fastest-selling London boroughs as revealed last week by Rightmove.

According to the property-selling website, houses in Lewisham take an average of 29 days to sell this year whereas this time last year it took on average 40 percent longer.

It also had one of the strongest annual house price growth rates with figures shooting up nearly 20 percent in a year.

Two bedroom flats near the station are around £250-300 a week, while the average two-bed house price is around £350,000.

The historic city of Cambridge is the only place in Britain where property is selling quicker than Lewisham and its competitor Sutton, which drew with the South-East London borough in second place.

Lewisham Council has ambitious plans to improve the town centre, and is one of the best-connected areas in South-East London with commuters demanding flats close to the train and DLR station.

However, it is the conservation areas full of Victorian and Edwardian homes that are its main attraction.

With Lewisham’s connections and old-fashioned buildings it’s unsurprising that houses are being bought out in record time.

The annual increase for the rest of London brings the average buying price to £550,000.

Comments (2)

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1:33pm Tue 19 Aug 14

kentlad says...

Obvious reasons it has become one of the fastest selling boroughs is because of the hundreds of flats been built in the past couple of years. Where else do you know of such a mass regeneration area providing such properties? excluding Kidbrooke village and Woolwich Arsenal of course(old development).
Obvious reasons it has become one of the fastest selling boroughs is because of the hundreds of flats been built in the past couple of years. Where else do you know of such a mass regeneration area providing such properties? excluding Kidbrooke village and Woolwich Arsenal of course(old development). kentlad
  • Score: 2

1:44pm Tue 19 Aug 14

Joelo says...

I never understand how or why people would chose to pay the prices they do to live in places like Brixton and Lewisham. For the sake of an extra 20 mins or so on a journey id live in the suburbs any day!
I never understand how or why people would chose to pay the prices they do to live in places like Brixton and Lewisham. For the sake of an extra 20 mins or so on a journey id live in the suburbs any day! Joelo
  • Score: 6
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