Values have been changing and have risen £790 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,415 in last 6 months, £64,153 in last 1 year, £124,405 in last 2 years, £139,681 in last 3 years, £149,113 in last 4 years and £168,713 in last 5 years.
Currently average asking price of a property in Cliff Terrace, London, SE8 is around £429,856 based on approximately 1 properties for sale. Same is the case with rental options based on 163 properties up for rent, average asking rent is around £1,614 per month.
Estimated property value in Cliff Terrace, London, SE8 is £642,901. Average asking price is £429,856 while average price paid is £710,000 which is up by £64,153 and Avg. asking rent £1,614.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 Cliff Terrace, London, SE8 area. In last 1 year alone average price buyer paid is around £710,000 based on approximately 1 sales in Cliff Terrace, London, SE8 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £588,000. 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 £532,000 for 3 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £461,500 per sale.