A guide to property prices in BR1 2

View from an alley way in South London showing terraced houses

South London is an up and coming area for renters, first time buyers and property investors. At Jukes we want to take a step back to analyse how property prices have evolved over time and give some key elements to help you: sell or buy your property at the right price.
In this guide we will look at macro economic factors influencing the price of a property but also take a deeper look at the evolution of prices depending on the type of property you own or you are looking to buy.
Note: the data shown in this article covers the period 2010 – 2021. We are working to improve this model and article with the latest data for 2023.

How BR1 2 compares with nearby postcode sectors

To provide more BR1 2 insight, we’ve done similar in-depth analysis on nearby postcode sectors too.
Review the table below and feel free to navigate around. You may uncover interesting opportunities and learnings for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
BR1 1 £5478.72 See our analysis on BR1 1 property prices
BR1 2 £5259.74 See our analysis on BR1 2 property prices
BR1 3 £5357.14 See our analysis on BR1 3 property prices
BR1 4 £4678.41 See our analysis on BR1 4 property prices
BR1 5 £4768.44 See our analysis on BR1 5 property prices

Property prices in BR1 2

For houses

In BR1 2 in 2021, we saw 128 houses sold. This represents an an increase of 11.30% in house sales compared to the prior year.
The chart below will help you comprehend the distribution of these prices and thus can provide an idea of the types and sizes of houses that were sold in 2021 in BR1 2.

After examining the price distribution, we can now focus on the median price. Simply put, the median price divides the group of houses sold in 2021 in BR1 2 into two equal groups. In other words, it indicates that 50% of the houses sold in 2021 went for more than £5657.52.
This number alone may not be very informative unless you compare it to previous years. Have a look at the table below to see how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years ago):

Year Median Sqm Price inBR1 2 (in£) Growth Rate (in %)
2021 £5657.52 -%
2020 £5259.74 7.6%
2018 £5112.07 10.7%
2016 £4949.76 14.3%

Understanding the table – example with 2018: In 2018, the median house price per square metre in BR1 2 was £5112.07. Versus the most recent 2021 data, the median house price per square metre increased by 10.67%%.

A note of importance

What we are presenting here is a factual analysis of the prices buyers paid. It is not here to give an explanation of what makes the price evolve. If you are interested in finding out more about the factors that impact the value of your property, you can have a look below.

Please also note that only an agent truly nested in your area will have the knowledge to assess the value of your property or the property you want to buy as they are at the forefront of the demand and the supply.

Looking to buy or sell your property in BR1 2?

Our team at Jukes gives you a valuation in less than 24h or help you find the properties you have been dreaming of

To begin our property price guide, we want to provide an overview of how costs are distributed in BR1 2 based on property type. To do this, we’ll examine the price per square metre to assess the breakdown. We calculate the price per square metre by obtaining the price paid data from the Government site. We then divide the price by the property’s floor area.
This gives us the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) showing a property was sold at a price per square metre between £1000 and £1500.

For flats

In 2021, 25 flats sold in BR1 2 – a/an increase/decrease (choose one) of -39.02%% versus 2020. To better comprehend the price per square metre distribution and sizes/types of flats sold in 2021, we’ve created the chart below.

The price distribution provides a useful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a BR1 2 flat was £4827.59 – so 50% of flats sold for less.
Check the table below to observe how the median price evolved between 2016 and 2021.

Year Median Sqm Price inBR1 2 (in£) Growth Rate (in %)
2021 £4827.59 -%
2020 £5952.37 -18.9%
2018 £5069.45 -4.8%
2016 £4593.2 5.1%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in BR1 2 was £5952.37. Versus the most recent 2021 figures, the median flat price per square metre evolved by 7.56%%.

For other types of property

Beyond houses and flats, BR1 2 has seen some other property types trade hands over the years, though these do not account for a large share of 2021 sales. We’ve compiled the price per square metre distribution for these assorted properties in the chart below.

If you’re looking to buy or sell a more unique property that falls into this category, please reach out for additional details and insight. We can provide an accurate valuation tailored to your specific situation.

Forecasting BR1 2 property prices in 2024-2025

At Jukes we have been trying to solve this equation for the past 35 years and let’s be honest, no one has a magic crystal ball and can predict the future prices. The variables included in the prices as you have just read it are simply too many.

With the rise of machine learning and AI the models to predict trends are getting better but they cannot account for external factors yet and the property market can shit pretty quickly as it did in the past.

It is for this reason that we decided not to show any prediction but rather adopted the position of showing the trend over the past 14 years. The chart below shows you all the property sales that happened in BR1 2, their price, the floor area of the property and the date of sale. Additionally, this chart presents you with a trend line showing the average property price for the given year. As you can see there is an upward trend and in our opinion there is no reason that this trend should change as of February 2024. Nonetheless it’s the slope of the curve that may change in the future

Property factors driving price rises in BR1 2

Property features & built form

Features like built form, number of rooms, bathrooms etc. significantly impact price – the more features, the higher the price. Recent features also boost value.
For built form, we consider:

Built form Definition according to RCIS website
Detached “A detached house is a stand-alone residential structure that does not share outside walls with another house or building.”
Semi detached “A dwelling attached to another building or dwelling by one common party wall. Often each house’s layout is a mirror image of the other.”
End-Terrace “End of terrace used to describe a house situated at the end of a row of houses only joined on one side to a joining property.”
Mid-Terrace “Mid Terrace used to describe a house situated in the middle of a row of similar houses.”

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand BR1 2, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in BR1 2, this may provide insight on opportunities.

Total floor area distribution for BR1 2 houses

Total Floor area distribution for flats in BR1 2

Total Floor area distribution for other property types in BR1 2

Location elements influencing property values in BR1 2

Now that we had a look at how the price per square metre in BR1 2 has changed over time let’s dig a little deeper in the factors that impact the price of the property you are looking to buy or sell.

Future developments in BR1 2

The attractivity of an area can be measured partially via the number of ongoing or upcoming developments. Indeed with further housing developments an area is able to welcome more people to live around increasing the demand for the given area. To check if this has an impact on the property you are looking to buy or sell in BR1 2 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Closeness to public amenities

One major feature of a property may not necessarily be the size of the garden or the number of rooms. Obviously these correspond to your needs as a buyer, and landlord or a seller. What will truly bring value to your property in BR1 2 will also be its proximity to amenities.

The following ones make a significant impact on the price.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

We have gathered in the following table how your postcode sector (BR1 2) is served according to the above list

Type of amenities Number in BR1 2
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 1
Schools 13
Shopping centres (within 5mi) 8
Public transports (train or tube stations) 1 (also have a look at tlf for more details)

Socioeconomic factors influencing property values in BR1 2

Household income and employment rates in BR1 2

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for BR1 2’s household income level, as it may positively influence selling your property. We can’t exclude the employment rate from this socioeconomic analysis. It directly relates to household income. The data shows a clear correlation between the job rate and BR1 2 property prices too.
The map below displays your sector’s employment rate.

Interest rates

In the last 5 years, Britain’s economic conditions have dramatically shifted. Between 2019 and 2024, the Bank of England increased interest rates multiple times to address growing inflation and cool an economy recovering from post-covid measures.
Higher interest rates directly affect the property market by impacting buyers’ borrowing ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

Apart from location, the property market also reacts to economic and demographic factors like interest rates, population growth, and average household income.

Consider buying or selling in South London? Go with Jukes!

  • Trusted estate agent
  • More than 25 years of experience combined
  • We help you focus on your objective (investment, 1st time buy)

Leave a Reply

Your email address will not be published. Required fields are marked *