Bexley Area Guide

Bexley has been a popular location for people to work and live for generations not only due to its good transport links, but also for the town and village centres and riverside views. 

Bexley has been a popular location for people to work and live for generations not only due to its good transport links, but also for the town and village centres and riverside views. The planned opening of the Elizabeth Line to Abbey Wood will halve journey times to Canary Wharf to just over ten minutes, perfect for commuters, and this has coincided with the regeneration of the neighbourhood which is boosting employment and local facilities.

Property market

£383k Average house price
£1,200 Average Rent, 2 Bed
6% Average yield
16% Price growth over last 5 years
16% Price growth 5-years forecast
14% Rental growth over last 5 years
12% Rental growth 5-years forecast

Lifestyle

9 Number of ‘Outstanding’ primary schools
3 Number of ‘Outstanding’ secondary schools
210 Restaurants and cafes
600 Number of shops
39% Proportion of open space
12 Number of stations
1b PTAL (Public Transport Accessibility Level)

As well as Bexley’s outstanding connectivity, over one third of the borough is open space including large parks, woodland, and nature reserves, with Kent’s rolling hills in easy reach. Danson Park is often thought of as the finest green space in the borough and is blessed with a beautiful lake and nature reserve. 

Bexley is not short of things to do. The Thames to the north is home to Erith yacht club, one of London’s leading sailing venues, and Hall Place and Gardens comes alive in the summer with a variety of events. 

From Longlands to North End, and Thamesmead East to Cray Meadows, Bexley is peppered with cafes, restaurants and shops. Bexley has the attractive benefit of house prices lower than the London average, making it very accessible for potential buyers.

 

Insights

 

  • House prices are 26% lower than the London average
  • Average rent for a 2-bed flat is 33% lower than the London average
  • House price growth over the last 5 years was 16%, higher than London at 10%
  • Predicted house price growth over the next 5 years is 16%, lower than London at 19%
  • Average asking rents grew 14% over the last 5 years, in line with London
  • Average rents are predicted to grow 12% over the next 5 years, slightly lower than London at 14%

Author Roald Dahl and singer Kate Bush both lived in Bexley. Bush was born in Bexley Maternity Hospital on the 30th July 1958.

The high street in Welling has a huge array of shops and eateries to visit. It feels like an up-and-coming place to live which is far enough out of the bustle of central London, but with links good enough to get you there in 30 minutes. Danson Park is also a firm family favourite with its boating pool and playpark.

London boroughs

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Disclaimers

 

  • Average 2-bed yield is calculated by REalyse using median 2-bed asking rent and median 2-bed sales prices.  
  • Rental growth over the last five years is for all property (not 2-beds).
  • All data is the latest available as of January 2022.
  • PTAL – Transport for London's (TFL) Public Transport Accessibility Levels (PTALs) are a detailed and accurate measure of the accessibility of a point to the public transport network, taking into account walk access time and service availability. Each area is graded between 0 and 6b, where a score of 0 is very poor access to public transport, and 6b is excellent access to public transport.

 

Sources

 

  • Average Price – ONS, October 2021
  • Asking rent – Realyse, December 2021
  • Yield – Realyse, December 2021
  • House price and rental forecasts – CBRE Research
  • Outstanding primary and secondary schools – OFSTED (December 2021)
  • Number of cafes and restaurants – ONS (2020)
  • Number of shops – ONS (2021)
  • Open space – GiGL (2015)
  • Number of stations – TfL (2015)
  • PTAL – TfL (2015)