New Build Investor Guide – Bexley

May 2021

Buying a new build property off plan? Check out our Area Guide first

Are you considering purchasing a new build, off plan property in Bexley? Want to get the latest information on house prices, demographics and other useful information before you commit to a deal?

Our Area Guides give you the latest relevant information from local governments, the Census and the Office of National Statistics (ONS) data. They’re designed for offshore, new build property investors to help you understand an area in detail so you can make informed investment decisions.

Read on for investor details specifically about Bexley but if it’s more detail about the wider UK property market you need, you can download our latest report here. In our report we address two key questions:

1 Is investing in UK residential property still worth it?
2 If so, where are the best opportunities for property investors and why?

Bexley, London

Bexley is one of 20 outer London boroughs and is located in south east London.  Spanning over 23 square miles, it is the 7th largest borough by area.   The borough is south of the river Thames and borders the county of Kent to the south, the river Thames to the north and the London boroughs of Greenwich and Bromley. It includes the districts Thamesmead East, Sidcup, Erith and Bexleyheath. It is within the Thames Gateway, which is an area earmarked as being a priority for regeneration.


Bexley’s population is forecast to grow by nearly 11% by 2030

Population (2018) 249,099
Forecast Population 2030 276 493


Economically Active Population

A largely young, diverse, mobile population.

Age Range Percentage of population
16 – 64 63%
Under 15 21%
Over 65 16%
Martial Status:  
Single 34%


Average Life Expectancy

The average life expectancy for those born in Bexley between 2016 and 2018 are below.

Males 80 (UK average is 79). Males in Bexley have the 25th longest life expectancy of all London boroughs.
Females 84 (UK average is 83). Females in Bexley have the 19th longest life expectancy of all London boroughs.


Population Density (2011)

Bexley has 4,099 people per km2. Lower than the London average of 5,701 people per km2 and the 6th lowest density of all London boroughs.


International Migration (2018-19)

1,171 new residents from overseas moved to Bexley in 2018 -2019. The second lowest of all London boroughs.


Country of Birth

Location of Birth Proportion of Population
UK and Ireland 87%
EU 3%
Other countries 10%


Crime & Safety

Crime Numbers (April 2017 – March 2018)   14,517
Crime rate per 1,000 population (April 2017 -March 2018) 59
Bexley has the 3rd lowest crime rate per 1,000 people of all London boroughs.  




Primary Schools 73 (10 of which have an Ofsted rating of outstanding)
Secondary Schools      23 (3 of which have an Ofsted rating of outstanding)
Schools and Colleges (16-18 years) 19 (3 of which have an Ofsted rating of outstanding)





Erith and District Hospital
Queen Mary’s Hospital

General Wellbeing

Population considering themselves in very good health 48%
Population considering themselves in very bad health 1%


Employment & Economy

76% of working aged people employed (compared to 75% across England 74% across London).

Top 4 Sectors of Employment

Public administration, education and health    30%
Finance, banking and insurance 23%
Distribution, hotels and restaurants 16%
Construction 10%


Major Employers

In 2020, there were 20 companies in the borough employing more than 250 people and 10 companies employing between 50 and 249 people. (source:

Jobs and Job density

Aproximately 41,218 residents of Bexley also work in the borough. 26,239 people travel into the borough each day for work and 62,403 residents work outside the borough. The daytime population of the borough therefore decreases by 36,164 people each day. (source:

Median Gross Annual Pay for full-time employee jobs (2017) £31,365
Number of jobs in the borough (2019)            92,000
Jobs per resident        0.49 (London average 1.03 and UK average 0.87)

Source: and


Number of residential properties in Bexley 97,850


Property Ownership (2018)

own property outright (no mortgage) 35%
own property with mortgage 39%
rent from a Housing Authority or the Local Authority 13%
rent from a private landlord (representing approximately 12,400 private rentals) 13%


Household with no car or van (2011) 24%


Household Composition

One person households    28%
One family households     65%
Other  (sharers / students etc)   7%


Average House Prices

Average house prices in Bexley are the 2nd cheapest of all London boroughs and rose by nearly 7% between January 2020 and January 2021.

Average achieved price January 2020 £336,664
Average achieved price January 2021 £359,197
Increase/Decrease  +6.7%


Volume of Sales

During the COVID pandemic, the number of property transactions fell by 18%, the 9th largest fall of all London boroughs.

Number of residential sales to year ending September 2019 2,980
Number of residential sales to year ending September 2020    2,454


Achieved Rents (January to December 2020)

Mean monthly average rents in the borough:

  London Median Rents
(per calendar month)
(per calendar month)
Studio     £950 £700
1 bedroom £1,200 £850
2 bedrooms £1,450 £1,100
3 bedrooms £1,750 £1,300


New Build Developments in Bexley

There are only three large new build apartment developments in Bexley currently available for sale.

Construction PropTech Pioneer

Eastside Quarter (Bellway)

Total Number of Apartments 518 (408 private)
First launched May 2019

Visit Website

Average Prices – Eastside Quarter

  Minimum Average Maximum
Price £219,995 £321,104 £421,995
Price per ft² £427 £487 £562
Area (ft²) 429 672 940

source: Molior

  Minimum Average Maximum
Studio £219,995 £220,495 £220,995
1 Bedroom £273,995 £284,633 £303,995
2 Bedroom £354,995 £370,870 £413,995
3 Bedroom £400,995 £408,439 £421,995

source: Molior

Abbey Wood – Southmere Village – (Peabody)

Total Number of Apartments 525 (290 private)
First Launched February 2021

Visit Website

Average Prices – Abbey Wood – Southmere Village

  Minimum Average Maximum
Price £299,000 £411,687 £558,900
Price per ft² £499 £542 £581
Area (ft²) 549 762 1,066

source: Molior

  Minimum Average Maximum
1 Bedroom £299,000 £319,800 £345,800
2 Bedroom £429,900 £456,860 £498,200
3 Bedroom £542,700 £550,800 £558,900

source: Molior

Boomtown (HWDW)

Total Number of Apartments 27
First Launched October 2020

Average Prices – Boomtown

  Minimum Average Maximum
Price £250,000 £298,333 £455,000
Price per ft² £389 £563 £702
Area (ft²) 388 558 1,130

source: Molior

  Minimum Average Maximum
1 Bedroom £250,000 £264,615 £320,000
2 Bedroom £320,000 £348,333 £380,000
3 Bedroom £440,000 £442,500 £445,000

source: Molior

Environment & Leisure

Bexley has over 4 square miles of greenbelt land and is home to:

Over 100 parks and open spaces
3 leisure centres
12 libraries


Bexley’s overground stations are in Zones 4, 5 and 6 .

Overground Stations

Abbey Wood Albany Park
Barnehurst BelvedereBarnet
Bexley Bexleyheath
Crayford Erith
Falconwood Sidcup
Slade Green Welling

Underground Stations

There are no underground stations in the London Borough of Bexley

Local Government

The Conservative Party

UK market report 1536x768 1 PropTech Pioneer