Abbey Wood

Area Guide For Abbey Wood

Abbey Wood is an area of South East London within the London Boroughs of Greenwich and Bexley. It is less than ten miles east of Charing Cross, and has excellent transport links including Abbey Wood Railway station, with regular trains to London Bridge and London Charing Cross. Abbey Wood has benefited from the opening of the DLR station at Woolwich Arsenal, whilst the next stage in the development of the area will be the construction of Crossrail, a development tipped to encourage the growth of local house prices by the time it is opened in 2018


Abbey Wood Map

Estimated Price: £262,381
Average Asking Price: £262,807
Price change in last one year: £22,854
Average Price Paid: £196,417
Average Rent Rates: £1,004


Property Prices Breakdown in Abbey Wood

Average Price for property in Abbey Wood is around £262,381 which varies based on type of property you are interested in and ranges from £420,498 for detached house to around £317,242 for semi-detached. Similarly terraced house is around £262,144 and a flat is worth £194,173. Values have been changing and have risen £1,652 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,125 in last 6 months, £22,854 in last 1 year, £46,424 in last 2 years, £55,790 in last 3 years, £58,376 in last 4 years and £65,506 in last 5 years.

Currently average asking price of a property in Abbey Wood is around £262,807 based on approximately 186 properties for sale. Same is the case with rental options based on 17 properties up for rent, average asking rent is around £1,004 per month.

Estimated property value in Abbey Wood is £262,381. Average asking price is £262,807 while average price paid is £235,539 which is up by £22,854 and Avg. asking rent £1,004.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Abbey Wood area. In last 1 year alone average price buyer paid is around £235,539 based on approximately 186 sales in Abbey Wood area alone. If you compare it to last 3 years sales of 551 properties where buyers paid around £205,246. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £196,417 for 870 and average amount paid for purchase of approx. 1,204 properties sold in last 7 years comes to about £193,268 per sale.


Properties For Sale in Abbey Wood


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £180,000, £235,000 for a 2 bedroom house, £328,999 for a 3 bedroom house and £375,000 for a 5 bedroom house. For a flat similarly the prices varies from £210,000 for a single bedroom to £187,498 for a 2 bedroom Flat. To sum up the asking prices for properties in Abbey Wood it comes to around average £195,000 for 1 bedroom property, £203,332 for 2 bedroom, £328,999 for 3 bedroom and £375,000 for 5 bedroom.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £592 for 1 bedroom to £1,101 for 2 bedroom, £1,499 for 3 bedroom and £2,084 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £750. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £949. You should be generally be expecting around average £615 rent per month for single bedroom property, £1,025 for 2 bedroom, £1,499 for 3 bedroom and approximately £2,084 for 4 bedroom property in Abbey Wood area.

Popular Houses in Abbey Wood

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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