A guide to property prices in BR6 8

Learn all about South London with our property guides

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.

Property prices in BR6 8

For other types of property

Beyond houses and flats, BR6 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 BR6 8 in 2021, 7 flats were sold. Compared to 2020, this is a decrease of -30.00%%.

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 8 was £4650.0£. This means that when we look at the data, 50% of the flats sold in BR6 8 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 8 (in£) Growth Rate (in %)
2021 £4650 -%
2020 £4417.18 9.3%
2018 £4436.51 8.8%
2016 £4155.84 16.2%

How to read this table, example with 2020: in 2020 the median price per square metre in BR6 8 for a flat was 4417.18. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 7.15% %.

To keep in mind

What we are presenting here is a factual analysis of the prices buyers paid. It is not here to give an explanation of what makes the price evolve. If you are interested in finding out more about the factors that impact the value of your property, you can have a look below.

Please also note that only an agent truly nested in your area will have the knowledge to assess the value of your property or the property you want to buy as they are at the forefront of the demand and the supply.

Looking to buy or sell your property in BR6 8?

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For houses

In BR6 8 in 2021, we saw 76 houses sold. This represents an an increase of 2.70% 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 BR6 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 BR6 8 into two equal groups. In other words, it indicates that 50% of the houses sold in 2021 went for more than £5522.98.
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 inBR6 8 (in£) Growth Rate (in %)
2021 £5522.98 -%
2020 £5279.77 7.2%
2018 £5025.6 12.6%
2016 £5001.68 13.1%

Understanding the table – example with 2018: In 2018, the median house price per square metre in BR6 8 was £5025.6. Versus the most recent 2021 data, the median house price per square metre increased by 12.57%%. To begin our property price guide, we want to provide an overview of how costs are distributed in BR6 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.

Socioeconomic factors impacting property prices in BR6 8

After talking about location based factors, we can now focus on factors apparently not related directly to the property itself. Indeed, it’s well known that the property market reacts to economic & demographic signals such as the interest rates, the population growth but also the average household income of the area.

Household income & employment rates in BR6 8

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for BR6 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 BR6 8 property prices too.
The map below displays your sector’s employment rate.

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.

Forecasting BR6 8 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 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 BR6 8 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.

Comparing BR6 8 with nearby postcodes

To help you get a better understanding of the BR6 8 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

Property factors driving price rises in BR6 8

Property sizes

Clearly, floor area impacts the price you’ll sell or pay for. To better understand BR6 8, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in BR6 8, this may provide insight into opportunities.

Total floor area distribution for BR6 8 houses

Total Floor area distribution for flats in BR6 8

Total Floor area distribution for other property types in BR6 8

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.”

Location based factors in BR6 8 impacting the price of your property

Future developments in BR6 8

The attractivity of an area can be measured partially via the number of ongoing or upcoming developments. Indeed with further housing developments an area is able to welcome more people to live around increasing the demand for the given area. To check if this has an impact on the property you are looking to buy or sell in BR6 8 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Now that we’ve analysed how the price per square metre in BR6 8 has changed over time, let’s dig deeper into factors impacting the value of properties you may 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 BR6 8.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your BR6 8 postcode sector is served per the above list in the table below.

Type of amenities Number in BR6 8
NHS Trusts (hospitals) 0
Practioners 6
Pharmacies 2
Schools 6
Shopping centres (within 5mi) 1
Public transports (train or tube stations) 0

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