Property values in BR7 5: What you need to know

The arty side of South London

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 elements driving price increases in BR7 5

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp BR7 5, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in BR7 5, this may provide insight on opportunities.

Total floor area distribution for BR7 5 houses

Total Floor area distribution for flats in BR7 5

Total Floor area distribution for other property types in BR7 5

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 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.”

Socioeconomic factors impacting property values in BR7 5

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

Household income and job rates in BR7 5

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for BR7 5’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 BR7 5 property prices.
The map below displays the job rate in your sector.

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 ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

Forecasting BR7 5 property prices in 2024-2025

At Jukes we’ve tried deciphering this puzzle for 35 years – honestly, no magic crystal ball accurately forecasts future prices. Too many elements drive costs, as you’ve read.
AI and machine learning are enhancing 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 BR7 5 properties. The chart also displays a yearly average price trendline. As you can see, an upward trajectory that in our opinion won’t change as of February 2024. Though the curve’s slope may shift ahead.

Analysing property values in BR7 5

For houses

In BR7 5 in 2021, there were 97 houses sold. This represents an increase of 21.25% in house sales versus the previous year.
The chart below will assist in comprehending the distribution of these prices, providing insight into the types and sizes of houses sold in BR7 5 in 2021.

After analysing the price distribution, we can focus on the median price. Simply stated, the median price separates the group of houses sold in 2021 in BR7 5 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £6331.27. This number alone may not provide much value unless compared to prior years. Refer to the table below to observe how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years ago):

Year Median Sqm Price inBR7 5 (in£) Growth Rate (in %)
2021 £6331.27 -%
2020 £5799.55 -2.4%
2018 £5546.88 2%
2016 £5634.33 0.4%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in BR7 5 was £5546.88. Compared to 2021 data, the median house price per square metre rose by 1.99%%. To begin our property price guide, we want to provide an overview of how costs are distributed in BR7 5 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, 42 flats were sold in BR7 5 – an increase/decrease (choose one) of 13.51%% over 2020. To better understand the price per square metre distribution and sizes/types of flats sold in 2021, we’ve put together the chart below.

While the price distribution provides a helpful snapshot, the median price also gives insight. In 2021, the median price per square metre for a BR7 5 flat was £5383.6 – meaning 50% of flats sold for less.
Refer to the table below to see how the median price changed between 2016 and 2021.

Year Median Sqm Price inBR7 5 (in£) Growth Rate (in %)
2021 £5383.6 -%
2020 £5317.46 -9.2%
2018 £4777.9 1%
2016 £5476.19 -11.8%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a BR7 5 flat was £5317.46. Compared to the latest 2021 figures, the median flat price per square metre changed by -2.45%%.

For other types of property

Beyond houses and flats, BR7 5 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.

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 BR7 5?

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

Location factors impacting property prices in BR7 5

Proximity 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 BR7 5.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your BR7 5 postcode sector is served per the above list in the table below.

Type of amenities Number in BR7 5
NHS Trusts (hospitals) 0
Practioners 25
Pharmacies 4
Schools 7
Shopping centres (within 5mi) 9
Public transports (train or tube stations) 2

Now that we’ve analysed how the price per square metre in BR7 5 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Future developments around

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more potential residents, raising demand. To see if this impacts BR7 5 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

Comparing BR7 5 with nearby postcodes

To provide more BR7 5 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
BR7 5 £5799.55 See our analysis on BR7 5 property prices
BR7 6 £5316.46 See our analysis on BR7 6 property prices

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 *