Decoding property prices in BR2 7

The arty side of South London

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.

Deciphering property prices in BR2 7

To kick off our property value guide, we aim to give a summary of how prices are spread in BR2 7 by property type. To accomplish this, we’ll analyse the price per square metre to evaluate the distribution. We determine the price per square metre by accessing the price paid data from the Government’s site. We then divide the price by the property’s square footage.
This provides the precise price per square metre paid. We group these prices into ranges (£1000-£1500) indicating a property sold for a price per square metre within £1000 to £1500.

For flats

In 2021, 11 flats sold in BR2 7 – a/an increase/decrease (choose one) of 120.00%% 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 BR2 7 flat was £4804.35 – 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 inBR2 7 (in£) Growth Rate (in %)
2021 £4804.35 -%
2020 £4473.68 7.9%
2018 £4266.67 13.1%
2016 £5247.81 -8%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in BR2 7 was £4473.68. Versus the most recent 2021 figures, the median flat price per square metre evolved by 1.53%%.

For other types of property

In addition to houses and flats, BR2 7 has seen other property types change hands over the years, though these represent a small share of 2021 sales. We’ve shown the price per square metre distribution for these assorted properties in the chart below.

If you’re aiming to buy or sell a more unique property in this group, please get in touch for more details and perspective. We’re happy to provide a tailored, accurate valuation.

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 BR2 7?

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 7 in 2021, there were 85 houses sold. This represents a decrease of -22.02% 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 BR2 7.

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 BR2 7 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £6023.62. 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 inBR2 7 (in£) Growth Rate (in %)
2021 £6023.62 -%
2020 £5572.52 1.5%
2018 £5478.26 3.3%
2016 £5366.62 5.4%

Understanding the table – example with 2018: In 2018, the median house price per square metre in BR2 7 was £5478.26. Compared to the latest 2021 data, the median house price per square metre increased by 3.27%%.

Location factors affecting property prices in BR2 7

Now that we had a look at how the price per square metre in BR2 7 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.

Proximity 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 7.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your BR2 7 postcode sector is served per the above list in the table below.

Type of amenities Number in BR2 7
NHS Trusts (hospitals) 0
Practioners 27
Pharmacies 2
Schools 8
Shopping centres (within 5mi) 7
Public transports (train or tube stations) 1

Future developments around the neighbourhood

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more potential residents, raising demand. To see if this impacts BR2 7 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

Socioeconomic factors influencing the price of a property in BR2 7

Household income and job rates in BR2 7

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for BR2 7’s household income level, as it may positively impact selling your property. We can’t exclude the job rate from this socioeconomic analysis. It directly relates to household income. The data also shows a clear correlation between the employment rate and BR2 7 property prices.
The map below displays the job rate in your sector. Beyond location, the property market also responds 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 dramatically changed. 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 ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

So how property prices will evolve in BR2 7 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 shift quickly, as it has in the past.
That’s why we show 14 years of sales data – prices, floor areas, and sale dates for BR2 7 properties. The chart also displays an average price trendline yearly. As you can see, an upward trajectory that in our view won’t change as of February 2024. But the curve’s slope may shift going forward.

Property factors increasing prices in BR2 7

Property features & built form

Features like built form, number of rooms, bathrooms etc. significantly impact price – more and newer features mean higher prices.
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 when looking at buying the floor area of the property has a direct impact on the price you’ll be selling at or paying for. In order to get a clearer picture of BR2 7 we have come up with the following charts showing the distribution of properties depending on their total floor area.

Total Floor area distribution for houses in BR2 7

Total Floor area distribution for flats in BR2 7

Total Floor area distribution for other property types in BR2 7

How BR2 7 compares with nearby postcode sectors

To provide more BR2 7 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 learnings 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

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