Lambeth recorded 2,518 transactions across the Brixton postcodes in twelve months, yet only two small commercial applications sit on the planning register this quarter.
Brixton produced 2,518 Land Registry transactions in the twelve months to March 2026 and a median price of £535,000, but Lambeth's pending planning register tells a different story: two applications, three units, an aggregate £2.17m of estimated GDV. The resale market is busy. The supply pipeline is not.
Market data at a glance
Source: HM Land Registry Price Paid, rolling 12 months.
Approval-rate breakdown for Brixton (Lambeth) is still indexing. National 12-month average sits at ~83% for major residential schemes.
Source: HM Land Registry Price Paid Data. Median computed across all registered transactions per period.
Development pipeline
Erection of mansard roof extension to both 46 and 48 Norwood. 46 Norwood to create a duplex apartment. Extending into the new mansard roof 48 Norwood to create a triplex apartment. (Currently a duplex). extending into the mansard roof
Approval of details pursuant to condition 30 (surface water drainage system) of planning permission 19/00744/FUL (The application seeks the redevelopment of 2 sites on the Ashmole Housing Estate as follows: Site 1: Demolition of the existing Tenant's Hall at 2 Meadow Road SW8 1QB and erection of a part 4, part 5 storey building to include a new tenants hall (Use Class D1) at ground floor level and 15 residential flats (Use Class C3) at upper floor levels together with provision of refuse/recycling and cycle storage and associated landscaping. Site 2: Erection of 6 dwelling houses and 9 flats (Use Class C3) and a temporary Tenants Hall (Use Class D1) at site of former garages opposite 47-57 Ebbisham Drive SW8 1UB together with provision of refuse/recycling and cycle storage and associated landscaping.) Granted on 26.11.2019.
Application for a Non-Material Amendment Following a Grant of Planning Permission ref: 22/01206/EIAFUL (Demolition of the majority of existing buildings on Plots A, B, C & D including Canterbury House, Stangate House, 10 Royal Street and 20 Carlisle Lane; part retention of existing buildings on Plot E and change of use and refurbishment of the railway arches (Plot F); comprehensive phased redevelopment of the site to provide a mixed use development of buildings 12-16 storeys in height containing commercial floorspace (including lab enabled floorspace), residential, and flexible, retail, community and office floorspace; enhanced public realm and pedestrian routes; re-location of listed sculpture)) granted on 20.12.2023. Amendment sought: In respect of Plot B for the provision of an additional 9 units, reconfiguration of the ground floor, relocation of the accessible units, minor elevational changes, rooftop level amendments and amendments to the wording of Condition 75.
Change of use from residential flat (Use Class C3) on upper floors to a large House in Multiple Occupation (HMO) (Sui Generis) comprising 10 units, including the addition of a dormer window at second-floor level in the flank (east) roofslope. Retention of existing commercial use (Use Class E) at basement and ground floor.
Erection of two storey rear extension, and change of use of ground floor, to form a new four bedroom dwelling.
Approval of details pursuant to condition 24 (Delivery and Servicing Plan) of planning permission ref: 23/03463/PDT (Erection of 4 dwellings with associated bin and cycle storage, and landscaping) granted on 21.05.2024.
Source: London Borough of Lambeth portal. GDV estimates use local sales medians by property type.
Sales activity
| Date | Address | Type | Tenure | Price |
|---|---|---|---|---|
26 June 2026 | 35, DALKEITH ROAD | F | L | £730,000 |
26 June 2026 | 23, BOURKE CLOSE | T | F | £867,500 |
26 June 2026 | FLAT C, 66, ARODENE ROAD | F | L | £400,000 |
24 June 2026 | FLAT 3, 25, GIPSY HILL | F | L | £393,242 |
23 June 2026 | FLAT 13, 2, OFFENHAM ROAD | F | L | £537,500 |
23 June 2026 | FLAT 22, HOPTON HOUSE, 243A, STREATHAM HIGH ROAD | F | L | £280,000 |
22 June 2026 | FLAT 1, 196, CLAPHAM PARK ROAD | F | L | £460,000 |
22 June 2026 | FLAT 16, JEAN HUMBERT HOUSE, CARNAC STREET | F | L | £335,000 |
Brixton is a velocity market, not a price-growth market: 2,518 transactions, zero year-on-year, two pending schemes.
For developers
Term sheets for ground-up schemes — 65-70% LTGDV typical for Brixton (Lambeth).
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Methodology: Pending GDV is estimated by multiplying declared unit counts by local sales medians for the corresponding property type. Approval rate is the share of decided applications (last 12 months) granted permission. Sold-price changes are year-on-year comparisons of the median sale price. Pipeline activity refers to residential development applications only — household extensions, conditions variations, and other non-development applications are excluded. Construction Capital is a trading name of Lenzie Consulting Ltd. (08174104).