Lambeth Inner London


Snapshot: n 220 units sold in 2012; up 50% from 2011 (147 units) n Seven of the 14 schemes in the construction pipeline saw units sold or allocated during 2012 n Average capital value was the fourth lowest, and average £/sq ft was ranked seventh, among the Inner boroughs


Table 4: Lambeth sales & pricing headline figures 2012 Developments of 10 units or more


Sales rates Construction pipeline total


schemes units


Percentage of pipeline: sold


- completion


- under construction un-sold*


un-launched** 14 904 Headline numbers for active units:


39% 25% 46% 61% 56%


*all units that were not sold **% of pipeline total


sold in 2012 220 sold prior 2012 135 un-sold


44 allocated to rental, RSL, bulk investment purchase


un-launched 148 1


Private schemes/phases active in pipeline schemes


7 units 548 Key averages:


latest capital value (1,2,3 beds) 28.8% sq ft size -4.5%


Individual investors: acquired for investment


number of sales investor % taken from:


Table 5: Lambeth key averages 2011-2012 Developments of 10 units or more – calculations based on sample units with both latest price and size only (1, 2 & 3 beds combined)


Lambeth


Inner London Prime London All London


2012 706 838


1,696 628


Average price (£/sq ft) 2011 523 763


1,519 594


% change 34.9% 9.8%


11.6% 5.7%


2012 572 687


1,823 500


Average price (£'000) 2011 444 615


1,536 451


% change 28.8% 11.7% 18.6% 10.8%


Table 6: Lambeth initial pricing 2000-2012 (£ per sq ft) Developments of 10 units or more – calculations based on sample units with both initial price and size only


Date 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012


Min


£191 £209 £267 £177 £296 £287 £280 £350 £406 £340 £343 £484 £427


1 bed (£/sq ft) Ave


£335 £283 £437 £416 £413 £474 £534 £462 £512 £468 £504 £563 £526


Max


£539 £332 £612 £578 £593 £572 £766 £657 £616 £589 £661 £636


£1,918 Min


£165 £192 £185 £245 £202 £293 £286 £254 £235 £322 £308 £421 £421


2 bed (£/sq ft) Ave


£347 £349 £387 £402 £365 £424 £462 £463 £470 £460 £513 £526 £594


Max


£694 £686 £737 £737 £672 £589 £791 £677 £711 £684 £760 £688


£1,582 Min


£184 £188 £204 £201 £222 £300 £271 £262 £269 £336 £640 £438 £453


Find out more about EGi London Residential Research and how it can help your business: visit www.estatesgazette.com/london-residential


3 bed (£/sq ft) Ave


£367 £346 £422 £450 £389 £418 £393 £392 £376 £601 £640 £539


£1,239


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Max


£1,196 £562 £689 £941 £836


£1,105 £568 £669 £709


£1,043 £640 £570


£3,148 O 52


2012 809 820


1,075 796


Average size (sq ft) 2011 848 806


1,012 759


% change -4.5% 1.7% 6.2% 4.8%


42% 101


Pricing Initial average £/sq ft 1 beds -6.5%


2 beds 12.9% 3 beds 129.8%


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