Market Trends

The size of the property market in SE11 is 9151 homes.

Property in this postcode district (SE11) has been growing at a nominal annual rate of 13.6% over the last 5 years. This rate can be indicative ofa dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

Average property prices in this postcode district over the last three months have been approximately £314284.

When examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 11.8. Places like this represent the “well- heeled” districts of each postcode area. Although recently there have been some spectacular price increases in more expensive areas, in general, prices appreciate slowly in more expensive places because there is less demand for more expensive properties, and the turnover of them is slower because they are not commonly used as investment property.

New transactions as a percentage of overall sales are 5.5%.

Housing Stock

  • Over half of the properties in the area are Flats, at 82.8% of the total housing stock.
  • The least common type of property in this area is Detached Houses (0.8% of the total housing stock).
  • The property in this area caters well for retirees and young couples who do not have large families.
  • A high proportion of property in this area is socially rented.
  • A lower than average proportion of property in this area is owner occupied. This suggests that there is a very healthy rental market.
  • The average price of a two bed property in this area is higher than the national average of £187894 at £346689.

Who Lives Here

  • The average age in this area is 32.
  • Single people make up 53.3% of the population in this postcode district.
  • Average working hours in this area for men are 42 and for women are 35.
  • This is one of the most densely populated places in the country, with 98.7 people per square kilometre.
  • This area has high unemployment at 6.4%. Those in work tend to find jobs in the Real Estate or Wholesale & Retail sectors.
  • This area has one of the highest proportions of degree educated people in the country, at 37.3%.