A typical home in Lee sells for about £475,000, and the property type moves that number more than anything else. A flat goes for around £310,000. A terrace costs over half a million. A semi costs over £700,000. The headline figure is a midpoint between two quite different markets, and not many buyers are shopping in both.
The Land Registry recorded 213 sales in Lee in the year to mid-May 2026, at a median of about £475,000. The 73 flats sold had a median of about £308,000, the 87 terraced houses £530,000, the 43 semi-detached houses £715,000 and the 10 detached houses about £853,000. Terraces and flats make up most of the sales, so the median is mostly a terrace price with flats pulling it down. The semis are the jump that catches people out. That is where the money gets serious, and it is also where the streets get wider.
The official house price index for the area rose 2.3% in the year to May 2026, with an average price of about £497,000. Flats moved by 0.1% over the same twelve months, which is close enough to flat that the word does double duty. That was a modest year for houses and almost nothing for flats, and the index records the past twelve months. It does not say where prices go next.
Band C is the most common council tax band in Lee, and about 24% of homes fall into bands A or B. A Band D home pays about £2,237 a year, the figure most people can hold up against their current bill. Check the band for the exact property on the Valuation Office Agency's council tax list. Two similar terraces on the same road can sit a band apart, and that difference shows up every year.
Renting is priced at borough level. The Office for National Statistics puts the typical private rent across the Lewisham area at about £1,820 a month as of April 2026, a mean from its rent index and not an average of advertised listings. By size, that is about £1,450 for one bedroom, £1,780 for two, £2,040 for three and £2,700 for four or more. Lee is one corner of the borough those figures average, so a specific flat near Lee station may come in above or below them.
The Office for National Statistics models average household income across Lee at about £74,000 gross, before tax, for the financial year to March 2023. Set against a median sale price of £475,000, that is a stretch for a single buyer on one income and more manageable for a couple, particularly at the flat end. The income figure is a few years old and covers the whole area, so it describes the neighbourhood more than any one buyer's budget.
Of the sales that could be matched to an energy certificate, about 81% of the total, the median price works out at about £5,770 per square metre, on a typical floor area of 89 square metres. That is a family-sized home by London standards, and the figure is a fairer comparison between properties than the asking price alone. The remaining fifth of sales had no certificate match, so they sit outside this number.
At the 2021 census, about 15% of Lee's homes had one bedroom, 32% two, 36% three and 17% four or more. Three bedrooms is the most common size, which fits the terraces and post-war semis that make up much of the stock. Buyers searching for a one-bed have the smallest share to choose from and the cheapest entry point to compete for.
On price, Lee is a middling buy. A flat or terrace is within reach for a household on two incomes, and a semi asks for a budget that the area's own incomes only stretch to with help.