Property values in BR2 6: What you need to know

The busy South London stations

South London has seen major growth as a popular location for renters, first time buyers, and real estate investors. Here at Jukes, we want to analyse how property prices have changed over time and provide key insights to help you: sell or purchase a home at the optimal price.
In this guide we’ll examine macroeconomic factors impacting property values, and take a close look at price changes depending on the type of home you own or plan to acquire.
Note: The data in this article covers 2010 – 2021. We’re working to enhance this model and article with the most up-to-date 2023 figures.

Comparing BR2 6 with nearby postcodes

To provide more BR2 6 insight, we’ve done similar deep dives on nearby postcode sectors too.
Check the table below and feel free to navigate around. You may find interesting opportunities and info for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
BR2 0 £5584.51 See our analysis on BR2 0 property prices
BR2 6 £5048.54 See our analysis on BR2 6 property prices
BR2 7 £5572.52 See our analysis on BR2 7 property prices
BR2 8 £4975.73 See our analysis on BR2 8 property prices
BR2 9 £5153.06 See our analysis on BR2 9 property prices

Socioeconomic factors impacting property values in BR2 6

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 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 BR2 6

Another price determiner is the area’s average household income. Prices tend to rise in areas where household incomes are increasing. See below where household income in the BR2 6 stands, as it may positively impact selling your property. We can’t omit the employment rate from this socioeconomic analysis either. It directly relates to the household income we just covered. The data shows a clear link between the employment rate and property prices in BR2 6 too.
The map below displays the employment rate in your sector.

After talking about location based factors, we can now focus on factors apparently not related directly to the property itself. Indeed, it’s well known that the property market reacts to economic & demographic signals such as the interest rates, the population growth but also the average household income of the area.

Location elements influencing property values in BR2 6

Closeness to public amenities

While the size of the garden or number of rooms align with buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in BR2 6.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your BR2 6 postcode sector is served per the above list in the table below.

Type of amenities Number in BR2 6
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 0
Schools 2
Shopping centres (within 5mi) 7
Public transports (train or tube stations) 0

Future developments in BR2 6

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 BR2 6 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Now that we had a look at how the price per square metre in BR2 6 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.

Analysing property values in BR2 6

For flats

In 2021, 9 flats were sold in BR2 6 – an increase/decrease (choose one) of 350.00%% over 2020. To better understand the price per square metre distribution and sizes/types of flats sold in 2021, we’ve put together the chart below.

While the price distribution provides a helpful snapshot, the median price also gives insight. In 2021, the median price per square metre for a BR2 6 flat was £5642.86 – meaning 50% of flats sold for less.
Refer to the table below to see how the median price changed between 2016 and 2021.

Year Median Sqm Price inBR2 6 (in£) Growth Rate (in %)
2021 £5642.86 -%
2020 £6249.53 -22.8%
2018 £5246.48 -8%
2016 £4684.39 3.1%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a BR2 6 flat was £6249.53. Compared to the latest 2021 figures, the median flat price per square metre changed by 12.06%%.

A note of importance

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what drives prices up or down. If you’re curious to learn about the many factors impacting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area possesses the knowledge to truly assess your property’s worth, or that dream home you hope to buy. They’re at the forefront of supply and demand there.

Looking to buy or sell your property in BR2 6?

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

For houses

In BR2 6 in 2021, there were 17 houses sold. This represents a decrease of -26.09% in house sales versus the previous year.
The chart below will assist in comprehending the distribution of these prices, providing insight into the types and sizes of houses sold in BR2 6 in 2021.

After analysing the price distribution, we can focus on the median price. Simply stated, the median price separates the group of houses sold in 2021 in BR2 6 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £5602.27. This number alone may not provide much value unless compared to prior years. Refer to the table below to observe how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years ago):

Year Median Sqm Price inBR2 6 (in£) Growth Rate (in %)
2021 £5602.27 -%
2020 £5048.54 12.1%
2018 £5706.49 -0.9%
2016 £5224.61 8.3%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in BR2 6 was £5706.49. Compared to 2021 data, the median house price per square metre rose by -0.86%%. To start our property value guide, we want to summarise how prices are allocated in BR2 6 based on property type. To do this, we’ll inspect 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’s site. We then divide the price by the property’s area.
This gives us the exact price per square metre paid. We group these prices into brackets (£1000-£1500) showing a property sold for a price per square metre between £1000 and £1500.

For other types of property

In addition to houses and flats, BR2 6 has seen some other property types change hands over the years, though these represent a small portion 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 in this group, please contact us for more details and insight. We’re happy to provide an accurate, tailored valuation.

Property factors increasing prices in BR2 6

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand BR2 6, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in BR2 6, this may provide insight on opportunities.

Total floor area distribution for BR2 6 houses

Total Floor area distribution for flats in BR2 6

Total Floor area distribution for other property types in BR2 6

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.”

So how property prices will evolve in BR2 6 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 BR2 6 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.

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)

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