Key indicators for buyers
The SE24 market is moderately favourable for buyers. Prices have softened (-15.8%), which could present a buying opportunity. Affordability has improved from a peak of 15.7x in 2021 to 11.1x today. Rising rents (£2,522/mo, +7.2%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Lambeth area
A home in Lambeth costs 11.1x the local median salary — very stretched, improving from a peak of 15.7x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Lambeth area
Average monthly rent in Lambeth is £2,522, up 7.2% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Lambeth price of £760,500 with a 25% deposit (£190k), a 2-year fixed mortgage at 3.97% costs around £3,001 per month.
Monthly cost comparison based on current data
Uses SE24 avg. price with Lambeth rental data
Monthly mortgage payments (£3,001) are £479 more than renting (£2,522). However, buying requires an upfront deposit of £190k — it would take around 12 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
48A, ELFINDALE ROAD SE24 9NW | Flat/Maisonette | £517,500 | 23 Jan 2026 |
88A, FERNDENE ROAD SE24 0AA | Flat/Maisonette | £990,000 | 9 Jan 2026 |
110, FERNDENE ROAD SE24 0AA | Semi-detached | £1,375,000 | 9 Jan 2026 |
11, SUNRAY AVENUE SE24 9PY | Terraced | £720,000 | 6 Jan 2026 |
THE PRINCE REGENT, 69, DULWICH ROAD SE24 0NJ | Other | £200,000 | 5 Jan 2026 |
WASTE TRANSFER SITE, SHAKESPEARE ROAD SE24 0PX | Other | £21,750,000 | 19 Dec 2025 |
238, CROXTED ROAD SE24 9DA | Semi-detached |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in SE24 sold for £760,500 in 2026, with a median of £720,000 across 5 transactions. Prices fell 15.8% compared to the previous year.
| £1,340,000 |
| 19 Dec 2025 |
141A, MAYALL ROAD SE24 0PR | Flat/Maisonette | £350,000 | 19 Dec 2025 |
FLAT 6, 82, RAILTON ROAD SE24 0LD | Flat/Maisonette | £515,000 | 18 Dec 2025 |
SECOND FLOOR FLAT, 86, SHAKESPEARE ROAD SE24 0QQ | Flat/Maisonette | £176,000 | 17 Dec 2025 |
209, MILKWOOD ROAD SE24 0JE | Flat/Maisonette | £940,000 | 16 Dec 2025 |
54, ELFINDALE ROAD SE24 9NW | Terraced | £1,850,000 | 12 Dec 2025 |
67, RUSKIN WALK SE24 9NA | Terraced | £1,331,000 | 12 Dec 2025 |
71C, SHAKESPEARE ROAD SE24 0LA | Flat/Maisonette | £520,000 | 10 Dec 2025 |
43, CASINO AVENUE SE24 9PQ | Terraced | £904,600 | 8 Dec 2025 |
FLAT 1, OLD BREAD HOUSE, 43, GUERNSEY GROVE SE24 9DF | Flat/Maisonette | £350,000 | 1 Dec 2025 |
FLAT C, 88, FERNDENE ROAD SE24 0AA | Flat/Maisonette | £367,500 | 28 Nov 2025 |
FLAT 1, 56, ROMOLA ROAD SE24 9AZ | Flat/Maisonette | £640,000 | 28 Nov 2025 |
FLAT 1, 273, NORWOOD ROAD SE24 9AG | Flat/Maisonette | £557,500 | 26 Nov 2025 |
FIRST AND SECOND FLOOR FLAT, 153, NORWOOD ROAD SE24 9AF | Flat/Maisonette | £680,000 | 26 Nov 2025 |
The most recent recorded sale in SE24 was a flat/maisonette property on Elfindale Road for £517,500 in January 2026. Across the last 20 sales, the median price was £680,000.