A guide to property prices in BR2 8

A map showing London. Learn more about the city's property market with our guide

As a popular destination for renters, first time purchasers, and real estate investors, South London has seen appreciable growth. At Jukes, we aim to delve into how property values have changed over the years and provide essential tips to help you: sell or buy a home at an optimal value.
In this guide we’ll study macroeconomic factors impacting property prices, and carefully inspect price variations based on the type of property you own or plan to obtain.
Note: The data in this piece includes 2010 – 2021. We’re enhancing this model and article with the most current 2023 information.

Analysing property values in BR2 8

For other types of property

Beyond houses and flats, BR2 8 has seen other property types trade hands over the years, though these make up a small portion 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 contact us for additional insight and details. We can provide an accurate, tailored valuation.

For flats

In 2021, 14 flats sold in BR2 8 – a/an increase/decrease (choose one) of 100.00%% versus 2020. To better grasp 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 helpful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a BR2 8 flat was £4739.11. This means 50% of flats sold for less than this.
See the table below to observe how the median price changed from 2016 to 2021.

Year Median Sqm Price inBR2 8 (in£) Growth Rate (in %)
2021 £4739.11 -%
2020 £4062.5 18.8%
2018 £4626.87 4.3%
2016 £4284.09 12.7%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in BR2 8 was £4062.5. Compared to the newest 2021 figures, the median flat price per square metre evolved by 13.70%%.

A note of importance

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 8?

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To begin our property price guide, we want to provide an overview of how costs are distributed in BR2 8 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 houses

In BR2 8 in 2021, we saw 126 houses sold. This represents an an increase of 21.15% 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 BR2 8.

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 BR2 8 into two equal groups. In other words, it indicates that 50% of the houses sold in 2021 went for more than £5223.12.
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 inBR2 8 (in£) Growth Rate (in %)
2021 £5223.12 -%
2020 £4975.73 13.7%
2018 £4575.92 23.6%
2016 £4923.53 14.9%

Understanding the table – example with 2018: In 2018, the median house price per square metre in BR2 8 was £4575.92. Versus the most recent 2021 data, the median house price per square metre increased by 23.64%%.

Socioeconomic factors influencing property values in BR2 8

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

Interest rates

Over the past 5 years the economic conditions in Great Britain have drastically changed. Between 2019 and 2024 the Bank of England raised its interest rate multiple times to face a growing inflation and cool down an economy that was recovering from post-covid measures.

Interest rates have a direct impact on the property market as it will impact the capacity for potential buyers to borrow money. At the same time, with less prospective buyers, potential sellers are less likely to sell amid the fear of selling for a lower price.

Household income and job rates in BR2 8

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for BR2 8’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 BR2 8 property prices too.
The map below displays your sector’s employment rate.

How BR2 8 compares with nearby postcode sectors

To provide more BR2 8 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
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

Location factors impacting property prices in BR2 8

Future developments around the neighbourhood

An area’s popularity can be gauged by its number of planned or in-progress developments. More housing means more residents, increasing demand. To see if this impacts BR2 8 properties you may buy or sell, we’ve gathered all upcoming developments from the London mayor’s website into the table below.

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 BR2 8 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 (BR2 8) is served according to the above list

Type of amenities Number in BR2 8
NHS Trusts (hospitals) 0
Practioners 7
Pharmacies 1
Schools 9
Shopping centres (within 5mi) 7
Public transports (train or tube stations) 0

Now that we had a look at how the price per square metre in BR2 8 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.

So how property prices will evolve in BR2 8 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 BR2 8, 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 BR2 8

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.”

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 8 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 8

Total Floor area distribution for flats in BR2 8

Total Floor area distribution for other property types in BR2 8

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