Property prices in BR8 7: A closer look

View from an alley way in South London showing terraced houses

South London is an up and coming area for renters, first time buyers and property investors. At Jukes we want to take a step back to analyse how property prices have evolved over time and give some key elements to help you: sell or buy your property at the right price.
In this guide we will look at macro economic factors influencing the price of a property but also take a deeper look at the evolution of prices depending on the type of property you own or you are looking to buy.
Note: the data shown in this article covers the period 2010 – 2021. We are working to improve this model and article with the latest data for 2023.

Property factors driving price rises in BR8 7

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 BR8 7, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in BR8 7, this may provide insight on opportunities.

Total floor area distribution for BR8 7 houses

Total Floor area distribution for flats in BR8 7

Total Floor area distribution for other property types in BR8 7

Comparing BR8 7 with nearby postcodes

To provide more BR8 7 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
BR8 7 £4071.43 See our analysis on BR8 7 property prices
BR8 8 £4063.29 See our analysis on BR8 8 property prices

Socioeconomic factors impacting property values in BR8 7

Household income and job rates in BR8 7

Another price determiner is the area’s average household income. Prices tend to rise in areas where household incomes are increasing. See below where household income in the BR8 7 stands, as it may positively impact selling your property. We can’t omit the employment rate from this socioeconomic analysis either. It directly relates to the household income we just covered. The data shows a clear link between the employment rate and property prices in BR8 7 too.
The map below displays the employment rate in your sector. 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 changed. 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 ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

Location factors impacting property prices in BR8 7

Now that we’ve analysed how the price per square metre in BR8 7 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

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 BR8 7.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your BR8 7 postcode sector is served per the above list in the table below.

Type of amenities Number in BR8 7
NHS Trusts (hospitals) 0
Practioners 37
Pharmacies 6
Schools 22
Shopping centres (within 5mi) 6
Public transports (train or tube stations) 0

Future developments nearby

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more residents, raising demand. To see if this impacts BR8 7 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Forecasting BR8 7 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 BR8 7 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.

Deciphering property prices in BR8 7

A noteworthy notice

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 BR8 7?

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, BR8 7 has seen some other property types change hands over the years, though these represent a small portion of 2021 sales. We’ve compiled the price per square metre distribution for these assorted properties in the chart below.

If you’re looking to buy or sell a more unique property in this group, please contact us for more details and insight. We’re happy to provide an accurate, tailored valuation.

For houses

In BR8 7 in 2021, we saw 169 houses sold. This represents an an increase of 3.68% 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 BR8 7.

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 BR8 7 into two equal groups. In other words, it indicates that 50% of the houses sold in 2021 went for more than £4136.36.
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 inBR8 7 (in£) Growth Rate (in %)
2021 £4136.36 -%
2020 £4071.43 39%
2018 £4085.37 38.5%
2016 £3638.36 55.5%

Understanding the table – example with 2018: In 2018, the median house price per square metre in BR8 7 was £4085.37. Versus the most recent 2021 data, the median house price per square metre increased by 38.48%%. To start our property value guide, we want to summarise how prices are allocated in BR8 7 based on property type. To do this, we’ll inspect 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’s site. We then divide the price by the property’s area.
This gives us the exact price per square metre paid. We group these prices into brackets (£1000-£1500) showing a property sold for a price per square metre between £1000 and £1500.

For flats

In 2021, 23 flats were sold in BR8 7 – an increase/decrease (choose one) of 21.05%% over 2020.
To better grasp the price per square metre distribution and sizes/types of flats sold in 2021, we’ve assembled the chart below.

While the price distribution gives a helpful snapshot, the median price also provides insight. In 2021, the median price per square metre for a BR8 7 flat was £3879.31 – meaning 50% of flats sold for less than this. See the table below to view how the median price changed between 2016 and 2021.

Year Median Sqm Price inBR8 7 (in£) Growth Rate (in %)
2021 £3879.31 -%
2020 £3899.08 23.8%
2018 £4118.81 17.2%
2016 £3545.45 36.2%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a BR8 7 flat was £3899.08. Versus 2021 figures, the median flat price per square metre changed by 38.96%%.

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