A guide to property prices in BR5 1

The busy South London stations

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.

Property factors driving price rises in BR5 1

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

Clearly, floor area impacts the price you’ll sell or pay for. To better understand BR5 1, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in BR5 1, this may provide insight into opportunities.

Total floor area distribution for BR5 1 houses

Total Floor area distribution for flats in BR5 1

Total Floor area distribution for other property types in BR5 1

Socioeconomic factors impacting property values in BR5 1

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

Household income and job rates in BR5 1

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for BR5 1’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 BR5 1 property prices.
The map below displays the job rate in your sector.

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.

Location factors impacting property prices in BR5 1

Future developments in BR5 1

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 BR5 1 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 BR5 1 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 (BR5 1) is served according to the above list

Type of amenities Number in BR5 1
NHS Trusts (hospitals) 0
Practioners 13
Pharmacies 3
Schools 6
Shopping centres (within 5mi) 7
Public transports (train or tube stations) 1

Now that we’ve analysed how the price per square metre in BR5 1 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

How BR5 1 compares with nearby postcode sectors

To provide more BR5 1 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
BR5 1 £5728.64 See our analysis on BR5 1 property prices
BR5 2 £4382.79 See our analysis on BR5 2 property prices
BR5 3 £4150 See our analysis on BR5 3 property prices
BR5 4 £4277 See our analysis on BR5 4 property prices

Property prices in BR5 1

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 BR5 1?

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

To initiate our property price guide, we want to summarise how costs are distributed in BR5 1 by property type. To accomplish this, we’ll examine the price per square metre to evaluate the breakdown. We determine the price per square metre by accessing the price paid data from the Government’s website. We then divide the price by the property’s size.
This provides the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) indicating a property was sold for a price per square metre falling between £1000 and £1500.

For houses

In BR5 1 in 2021, there were 164 houses sold. This represents an increase of 28.13% 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 BR5 1.

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 BR5 1 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £6025.74. 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 inBR5 1 (in£) Growth Rate (in %)
2021 £6025.74 -%
2020 £5728.64 -1.2%
2018 £5851.85 -3.3%
2016 £5410.96 4.6%

Understanding the table – example with 2018: In 2018, the median house price per square metre in BR5 1 was £5851.85. Compared to the latest 2021 data, the median house price per square metre increased by -3.32%%.

For flats

In BR5 1 in 2021, 8 flats were sold. Compared to 2020, this is a decrease of -33.33%%.

To better understand how the price per square metre is distributed and give you an idea of the size and types of flats sold in 2021, we have put together the chart below.

Looking at the price distribution is a great way to get a snapshot of how flats are distributed but it is now interesting to have a look at the median price. In 2021, the median price per square metre for a flat in BR5 1 was £6692.09£. This means that when we look at the data, 50% of the flats sold in BR5 1 were sold for less than that.

Have a look at the table below to get an idea of how the median price has changed between 2016 and 2021

Year Median Sqm Price inBR5 1 (in£) Growth Rate (in %)
2021 £6692.09 -%
2020 £5774.62 -16.4%
2018 £5968 -19.1%
2016 £5330.5 -9.4%

How to read this table, example with 2020: in 2020 the median price per square metre in BR5 1 for a flat was 5774.62. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by -1.24% %.

For other types of property

BR5 1 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.

Predicting BR5 1 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 factors 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 BR5 1 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)

Leave a Reply

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