Postcode District:
SE24
Postcode District Name:
Lambeth
Location:
The SE24 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Coldharbour, Herne Hill, Herne Hill Station, Lambeth, London, South Camberwell, Southwark, Thurlow Park, Village.
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Amenities:
Notes:
If you have any comments about SE24 that you would like to share with all visitors to this site, please feel free to post anything in our "Have your say about SE24" section.
A Mouseprice property guide for SE24 Lambeth is coming soon. In the meantime, please have a look at the raw data and statistics about SE24 that can be found by click the relevant links on the left hand side.
Old area guide:
The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.
Market trends:
 The size of the property market in SE24 is 6203 homes.
When growth averages 13.6% over a 5 year period, as in this postcode district, there are a number of possible explanations, for example that this isa 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 £318879.
Since most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 9. 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 2.7%.
Housing stock:
Over half of the properties in the area are Flats, at 50.7% of the total housing stock.
The least common type of property in this area is Detached Houses (2.8% 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 £229416.
Who lives here:
Total population in this area is 14269.
The average age in this area is 33.
Single people make up 51.2% of the population in this postcode district.
Average working hours in this area for men are 42 and for women are 36.
This is one of the most densely populated places in the country, with 53.8 people per square kilometre.
The largest source of work in this area is Real Estate (24.3% of workers), followed by Financial Intermediation (13.1%).
This area has one of the highest proportions of degree educated people in the country, at 50.6%.
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