Property investment stats for Penge, South East London
A complete guide to property investment in Penge.
Last updated: 18 September 2025
Investment summary
Penge sits in South East London and tends to fly under the radar, but it has a few things going for it that investors should notice. The area is dominated by a younger, professional crowd, with both the degree-educated and 30-40 age groups in the upper percentiles compared to the rest of Britain. Owner-occupation is unusually low for the UK, but this is par for the course in London, and the high private rented sector reflects strong rental demand. Median asking prices for a three-bedroom house are £637,500, while a two-bedroom flat comes in at £375,000. Rents remain competitive, with a three-bedroom house asking £2,650 and a two-bedroom flat at £1,675. Liquidity is reasonable, with properties spending an average of 71 days on the market and annual sales at 294.
Key investment stats for Penge
Median price per sq ft
£555 / sq ft
Average rental yield
5.6%
Capital growth (1y)
-0.3%
Sales in past year
294
* Property stats calculated for last full calendar year (2024).
Live property stats in Penge
Live prices in Penge, South East London
* Extreme prices clipped for legibility
Properties for sale
Median price
£360,000
25% of properties below...
£275,000
75% of properties below...
£500,000
Most expensive property
£1,850,000
Live listings
201
Median days on market
71
Should you invest in Penge?
Opportunities
- Rental yields are robust, with an average of 5.6% and a top postcode district yielding 5.7%, which is attractive for South London.
- The area has a high proportion of private renters, in the 79th percentile, suggesting continued demand for rental properties.
- The price-to-income ratio of 6.2 is relatively moderate for London, making entry more accessible than in many other parts of the capital.
Risks
- Capital growth over the past year has changed by -0.3%, so investors should be cautious about expecting short-term price rises.
- The social rented sector is substantial (91st percentile), which can sometimes affect the balance of supply and demand as well as neighbourhood character.
- The median achieved price is £5,000 (the typical achieved discount) below asking, hinting at some negotiation room and possibly softer demand.
Outlook
The next year in Penge looks steady rather than spectacular. Rental yields are likely to remain a key draw, especially given the strong demand from young professionals and families. Capital growth has been modest, with a three-year annualised rate of 1.6%, so this is not a market for those chasing rapid appreciation.
Liquidity feels balanced, with homes selling in about 71 days and annual transactions at 294. Affordability is fair by London standards, with a rent-to-income ratio of 27.8% and a price-to-income ratio of 6.2. Investors willing to take a long-term view may find Penge a reliable, if unspectacular, addition to a London portfolio.
Property market trends in Penge
Average yield (%)
* 2025 data for YTD
Median price per sq ft (£/sq ft)
* 2025 data for YTD
Live properties in Penge
Investment properties in Penge, South East London
£210,000
1 bedroom flat for sale
Avington Grove, London, SE20
£290,000
1 bedroom apartment for sale
Anerley Park, Anerley, London, SE20
£200,000
Studio flat for sale
Orchard Grove, Anerley, London, SE2...
£725,000
3 bedroom terraced house for sale
Lullington Road, London, SE20
£510,000 - Offers in Excess of
3 bedroom flat for sale
135 Anerley Road, Anerley, SE20
£170,000 - Guide Price
1 bedroom apartment for sale
Anerley Road, London
Achieved vs asking prices
Key takeaway: Seller's market
Buyers should not expect big bargains — discounts are marginal.
Headline stats
• Median discount: £5,000
• 1 in 4 properties sell at > £12,750 below asking
• 1 in 10 properties sell at > £25,000 below asking
In percentage terms:
• Median discount of 0.9%
• 25% of properties discounted by > 2.9%
• 10% of properties discounted by > 4.5%
Best places to invest in Penge
Top postcodes for rental yield and (annualised) capital growth
Nearby and related areas
Data sources
GeoGlider calculates property investment stats by blending official and proprietary datasets. Here's a quick overview of key sources and how we use them:
HM Land Registry: Property transaction and sold-price records for England & Wales used to calculate historical capital growth, price levels and comparables.
Office for National Statistics (ONS): Demographic and economic indicators for the UK, including Census 2021, supporting area profiling and market context.
Ordnance Survey: Authoritative UK geospatial data powering accurate boundaries, roads and terrain for mapping and spatial analysis.
GeoProp: Our proprietary AI pipeline that processes millions of property listings to extract rich features and live market signals.
Department for Levelling Up, Housing & Communities: Energy Performance Certificate (EPC) scores and property floor areas.
HM Revenue & Customs (HMRC): Household income and employment data to understand local affordability and economic conditions.
Data is updated continuously, matched across sources and rigorously validated.