Decoding property prices in BR6 0

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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.

Examining property prices in BR6 0

Important note

What we’ve presented here is an objective analysis of real prices paid – not an explanation of what makes prices rise or fall. If you want to learn about the many factors impacting your property’s value, see the information below.
And remember, only an agent deeply rooted in your local area has the knowledge to truly assess your property’s value, or that dream home you hope to acquire. They’re on the front lines of supply and demand there.

Looking to buy or sell your property in BR6 0?

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

In addition to houses and flats, BR6 0 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.

For flats

In BR6 0 in 2021, 29 flats were sold. Compared to 2020, this is a decrease of -9.38%%.

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 BR6 0 was £5211.27£. This means that when we look at the data, 50% of the flats sold in BR6 0 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 inBR6 0 (in£) Growth Rate (in %)
2021 £5211.27 -%
2020 £4834.28 -0.1%
2018 £5794.52 -16.7%
2016 £5000 -3.4%

How to read this table, example with 2020: in 2020 the median price per square metre in BR6 0 for a flat was 4834.28. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 15.87% %.

To begin our property price guide, we want to provide an overview of how costs are distributed in BR6 0 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 BR6 0 in 2021, there were 117 houses sold. This represents an increase of 5.41% 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 BR6 0.

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 BR6 0 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £5147.06. 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 inBR6 0 (in£) Growth Rate (in %)
2021 £5147.06 -%
2020 £4882.81 15.9%
2018 £4736.84 19.4%
2016 £4650.98 21.6%

Understanding the table – example with 2018: In 2018, the median house price per square metre in BR6 0 was £4736.84. Compared to the latest 2021 data, the median house price per square metre increased by 19.44%%.

Property factors driving price rises in BR6 0

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.”

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp BR6 0, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in BR6 0, this may provide insight on opportunities.

Total floor area distribution for BR6 0 houses

Total Floor area distribution for flats in BR6 0

Total Floor area distribution for other property types in BR6 0

Socioeconomic factors impacting property prices in BR6 0

Apart from location, the property market also reacts 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 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 & employment rates in BR6 0

Another factor determining the price of a property will be the average household income in the area. There is a positive correlation between the price growth in an area where the average household income increases.

Check out below where the household income in BR6 0 is as it may have a positive impact on the sale of your property.

As part of this socioeconomic analysis, we cannot forget to mention the employment rate. This is because it is also directly related to the household income we just mentioned. When looking at the data and trying to understand the correlation between the different factors and the price of a property in BR6 0, we see a clear correlation with the employment rate as well.

The map below shows you the employment rate in your sector.

Predicting BR6 0 property prices 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 BR6 0, 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

How BR6 0 compares to nearby postcodes

To help you get a better understanding of the BR6 0 area, we’ve also put together a similar deep dive analysis on the nearby postcode sectors.

Have a quick look at the following table and don’t hesitate to navigate around. You might find interesting opportunities and learnings on these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
BR6 0 £4882.81 See our analysis on BR6 0 property prices
BR6 6 £5051.55 See our analysis on BR6 6 property prices
BR6 7 £5101.01 See our analysis on BR6 7 property prices
BR6 8 £5279.77 See our analysis on BR6 8 property prices
BR6 9 £5303.61 See our analysis on BR6 9 property prices

Location based factors in BR6 0 impacting the price of your property

Now that we’ve reviewed how the price per square metre in BR6 0 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

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 BR6 0, we’ve compiled all upcoming developments from the London mayor’s website into the table below.

Closeness to public amenities

While garden size and number of rooms meet buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s worth in BR6 0.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your BR6 0 postcode sector is served per the above list in the table below.

Type of amenities Number in BR6 0
NHS Trusts (hospitals) 0
Practioners 28
Pharmacies 6
Schools 5
Shopping centres (within 5mi) 1
Public transports (train or tube stations) 1

Consider buying or selling in South London? Go with Jukes!

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