The average house price in Croydon is £362,040, with notable discrepancies where some properties sold for as low as £3,000. Over the last five years, property prices showed minimal growth, indicating a steady yet sluggish market with a notable decrease in transactions. The majority of sales fell within the £200,000 - £262,000 range. Areas like Elgin Road saw extremely low prices, while South End and St Peter's Road had a median price significantly higher. Mortgage rates are anticipated to drop, shifting the market dynamics towards buyers by 2025, according to Rightmove's Tim Bannister.
According to data from the HM Land Registry and Property Solvers, the average house price in Croydon is £362,040.
Tim Bannister from Rightmove noted that 2025 will continue to be a buyer's market, offering buyers more negotiating power as the housing inventory increases.
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