A guide to property prices in BR5 2

The arty side of South London

With its increasing appeal among renters, first time buyers, and real estate investors, South London has witnessed significant development. At Jukes, our intention is to analyse how property prices have evolved over time and offer key guidance to assist you: sell or invest in a property at an ideal cost.
In this guide we’ll examine macroeconomic elements influencing property values, and closely inspect price changes based on the type of real estate you own or are looking to acquire.
Note: The data here covers 2010 – 2021. We’re updating this model and guide with the latest 2023 figures.

Socioeconomic factors impacting property values in BR5 2

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.

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

Household income and employment rates in BR5 2

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for BR5 2’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 2 property prices.
The map below displays the job rate in your sector.

Location based factors in BR5 2 impacting the price of your property

Check for future developments

An area’s popularity can be gauged by the number of ongoing or planned developments. More housing in an area means more people are able to live there, increasing demand. To check if this impacts properties you may buy or sell in BR5 2, we’ve compiled all upcoming developments from the London mayor’s website into the table below.

Closeness to public amenities

Whilst the size of the garden and number of rooms meet buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in BR5 2.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your BR5 2 postcode sector is served per the above list in the table below.

Type of amenities Number in BR5 2
NHS Trusts (hospitals) 0
Practioners 40
Pharmacies 3
Schools 8
Shopping centres (within 5mi) 7
Public transports (train or tube stations) 1

Now that we’ve reviewed how the price per square metre in BR5 2 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

How BR5 2 compares with nearby postcode sectors

To provide more BR5 2 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
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

Examining property prices in BR5 2

Important 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 BR5 2?

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

For other types of property

Beyond houses and flats, BR5 2 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 houses

In BR5 2 in 2021, there were 154 houses sold. This represents an increase of 6.94% 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 2.

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 2 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £4667.68. 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 2 (in£) Growth Rate (in %)
2021 £4667.68 -%
2020 £4382.79 29.1%
2018 £4044.94 39.9%
2016 £3983.05 42%

Understanding the table – example with 2018: In 2018, the median house price per square metre in BR5 2 was £4044.94. Compared to the latest 2021 data, the median house price per square metre increased by 39.87%%. To begin our property price guide, we want to provide an overview of how costs are distributed in BR5 2 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 flats

In 2021, 18 flats sold in BR5 2 – 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 BR5 2 flat was £3914.51. 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 inBR5 2 (in£) Growth Rate (in %)
2021 £3914.51 -%
2020 £3890.91 24.1%
2018 £4431.82 8.9%
2016 £4019.61 20.1%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in BR5 2 was £3890.91. Compared to the newest 2021 figures, the median flat price per square metre evolved by 29.08%%.

Property factors driving price rises in BR5 2

Property features & built form

When it comes to features we usually include the built form but also the number of rooms, bathrooms etc. The more features a property has, and the recency of these features will significantly impact the price.

Also, when we talk about built forms we usually have the following list in mind:

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 2, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in BR5 2, this may provide insight into opportunities.

Total floor area distribution for BR5 2 houses

Total Floor area distribution for flats in BR5 2

Total Floor area distribution for other property types in BR5 2

So how property prices will evolve in BR5 2 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 BR5 2, 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

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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