Property prices in BR1 5: A closer look

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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.

Forecasting BR1 5 property prices in 2024-2025

At Jukes we’ve tried solving this puzzle for 35 years – honestly, no magic crystal ball accurately predicts future prices. Too many variables drive costs, as you’ve read.
AI and machine learning are improving trend prediction models, but can’t yet account for external factors. The property market can quickly shift, as it has before.
That’s why we show 14 years of sales data – prices, sizes, and sale dates for BR1 5 properties. The chart also displays a yearly average price trendline. As you can see, an upward trajectory that in our view won’t change as of February 2024. Though the curve’s slope may shift ahead.

Deciphering property prices in BR1 5

For flats

In 2021, 8 flats were sold in BR1 5 – an increase/decrease (choose one) of -20.00%% over 2020.
To better grasp the price per square metre distribution and sizes/types of flats sold in 2021, we’ve assembled the chart below.

While the price distribution gives a helpful snapshot, the median price also provides insight. In 2021, the median price per square metre for a BR1 5 flat was £4705.53 – meaning 50% of flats sold for less than this. See the table below to view how the median price changed between 2016 and 2021.

Year Median Sqm Price inBR1 5 (in£) Growth Rate (in %)
2021 £4705.53 -%
2020 £4213.56 14.6%
2018 £4357.14 10.8%
2016 £4264.11 13.2%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a BR1 5 flat was £4213.56. Versus 2021 figures, the median flat price per square metre changed by 18.65%%.

For other types of property

BR1 5 has seen other types of properties being sold over the years but these do not represent a large proportion of the properties sold in 2021. We’ve gathered these properties in the chart above to show you how the price per square metre is distributed for these properties.

If the property you are looking to buy or sell falls into this category, feel free to reach out to us for more details and information. We will be able to provide you with an accurate valuation.

For houses

In BR1 5 in 2021, there were 143 houses sold. This represents an increase of 15.32% in house sales compared to the previous year.
The chart below will help understand the distribution of these prices, giving insight into the types and sizes of houses sold in 2021 in BR1 5.

After reviewing the price distribution, we can examine the median price. Simply put, the median price separates the group of houses sold in 2021 in BR1 5 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £4927.54. This number alone may not provide much value unless compared to previous years. See the table below to observe how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years prior):

Year Median Sqm Price inBR1 5 (in£) Growth Rate (in %)
2021 £4927.54 -%
2020 £4768.44 18.6%
2018 £4508.2 25.5%
2016 £4389.53 28.9%

Understanding the table – example with 2018: In 2018, the median house price per square metre in BR1 5 was £4508.2. Compared to the latest 2021 data, the median house price per square metre increased by 25.49%%. To begin our property price guide, we want to provide an overview of how costs are distributed in BR1 5 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.

A quick note

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what impacts prices. If you want to learn about the many factors affecting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area has the knowledge to truly assess your property’s value, or that dream home you hope to buy. They’re on the front lines of supply and demand there.

Looking to buy or sell your property in BR1 5?

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

Location factors impacting property prices in BR1 5

Future developments nearby

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more residents, raising demand. To see if this impacts BR1 5 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Proximity to public amenities

Now that we’ve reviewed how the price per square metre in BR1 5 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Closeness to public amenities

Whilst the size of the garden and number of rooms suit buyers’ and sellers’ needs, proximity to conveniences also enhances a property’s value in BR1 5.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your BR1 5 postcode sector is served per the above list in the table below.

Type of amenities Number in BR1 5
NHS Trusts (hospitals) 0
Practioners 28
Pharmacies 2
Schools 12
Shopping centres (within 5mi) 8
Public transports (train or tube stations) 0

Now that we’ve analysed how the price per square metre in BR1 5 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Comparing BR1 5 with nearby postcodes

To provide more BR1 5 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

Socioeconomic factors influencing the price of a property in BR1 5

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

Interest rates

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

Household income and employment rates in BR1 5

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for BR1 5’s household income level, as it may positively impact selling your property. We can’t exclude the job rate from this socioeconomic analysis either. It directly relates to household income. The data shows a clear link between the employment rate and BR1 5 property prices too.
The map below displays your sector’s job rate.

Property factors increasing prices in BR1 5

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand BR1 5, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in BR1 5, this may provide insight on opportunities.

Total floor area distribution for BR1 5 houses

Total Floor area distribution for flats in BR1 5

Total Floor area distribution for other property types in BR1 5

Property features & built form

Features like built form, number of rooms, bathrooms etc. greatly affect price – more features mean higher prices. Recent features also increase value.
For built form, we look at:

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.”

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