House prices in SE18 6 (Woolwich Arsenal)

This article reveals price per square metre data and various charts to help you understand current housing market in 'SE18 6' (Woolwich Arsenal, London) - statistics were last calculated on 30 August 2024.

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Defining 'SE18 6'

This analysis is limited to properties whose postcode starts with "SE18 6", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Woolwich Arsenal.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Woolwich Arsenal is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. Flat 102 Hampton Apartments, Duke Of Wellington Avenue, Woolwich Arsenal, London, sold for £408,000 on Jul-2024. Given the internal area of 52 square metres, the price per sqm is £7,846.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £4,600-£5,000, £5,000-£5,400, £5,400-£5,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 230 sales in Woolwich Arsenal (SE18 6) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Woolwich Arsenal (SE18 6). Of the 230 transactions, half were sold for between £5,250 and £7,140 per square metre. The median, or 'middle', price per square metre in 'SE18 6' is £6,030. Notably, only 25% of properties that sold recently were valued at more than £7,140 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Woolwich Arsenal, London

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring London. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Woolwich Arsenal, London

Comparison with neighbouring postcode sectors

The table below shows how 'SE18 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
SE18 1 Plumstead	£4,450 sqm	£4,880 sqm	£5,530 sqm
SE18 6 Woolwich Arsenal	£5,250 sqm	£6,030 sqm	£7,140 sqm
SE18 7 Plumstead	£4,230 sqm	£4,620 sqm	£5,040 sqm
SE18 2 Plumstead	£4,770 sqm	£5,200 sqm	£5,700 sqm
SE18 4 Woolwich Dockyard	£4,490 sqm	£5,100 sqm	£5,670 sqm
SE18 3 Woolwich Arsenal	£4,360 sqm	£5,370 sqm	£6,090 sqm
SE18 5 Woolwich Dockyard	£3,980 sqm	£4,650 sqm	£5,310 sqm

Will London house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for SE18 6 (Woolwich Arsenal) compared with both the wider area SE18 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for London to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about London and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Royal Carriage Mews, Woolwich Arsenal, SE18 6G	58 sqm	£5,339	43
Major Draper Street, Woolwich Arsenal, SE18 6F	57 sqm	£7,144	42
Cadogan Road, Woolwich Arsenal, SE18 6Y	72 sqm	£4,971	40
Argyll Road, Woolwich Arsenal, SE18 6P	66 sqm	£5,956	38
Duke Of Wellington Avenue, Woolwich Arsenal, SE18 6N	69 sqm	£7,753	28
No 1 Street, Woolwich Arsenal, SE18 6F	58 sqm	£6,994	24
Hopton Road, Woolwich Arsenal, SE18 6T	75 sqm	£5,616	24
Rolfe Terrace, Woolwich Arsenal, SE18 6A	64 sqm	£6,098	16

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Woolwich High Street, Woolwich Arsenal, SE18 6E	68 sqm	£7,172	46
Duke Of Wellington Avenue, Woolwich Arsenal, SE18 6P	81 sqm	£8,532	11

Woolwich High Street, Woolwich Arsenal, SE18 6E has seen 46 new build sales in the last 4 years (average price £497,010). These new build homes typically have an internal area of 68 sqm, with an average price of £7,172 sqm. This £sqm average is £0 above the average for SE18 6. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Woolwich Arsenal is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	sqm	£/sqm
Flat 102 Hampton Apartments, Duke Of Wellington Avenue, Woolwich Arsenal, London	£408,000 Jul-2024	52	7,846
Flat 316 Building 22, Cadogan Rd, Woolwich Arsenal, London	£570,000 Jul-2024	108	5,277
Flat 502 Biring House, Duke Of Wellington Avenue, Woolwich Arsenal, London	£425,000 Jul-2024	50	8,500

See the entire list of all sales in Woolwich Arsenal (SE18 6) here.