Property prices in BR8 8: A closer look

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South London is increasingly attractive for renters, first time home buyers, and real estate investors. At Jukes, our goal is to study how property values have shifted over time and offer key recommendations to assist you: sell or acquire a property at the best price.
In this guide we’ll analyse macroeconomic elements driving property prices, and closely examine price fluctuations depending on the type of property you own or hope to purchase.
Note: The data here encompasses 2010 – 2021. We’re updating this model and article with the newest 2023 data.

Predicting BR8 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 BR8 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.

Property prices in BR8 8

For houses

In BR8 8 in 2021, we saw 108 houses sold. This represents an increase of 47.95% in the sales of houses compared to the previous year.

The chart below will help you understand the distribution of these prices and thus can give you an idea of the type and size of houses that were sold in 2021 in BR8 8.

After looking at the price distribution, we can now lean on and have a look at the median price. The median price, simply put, divides the group of houses sold in 2021 in BR8 8 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £4269.7.

This number alone might not bring valuable information unless you compare it to the previous years. Have a look at the table below to see how the median price has evolved: versus the previous year (2020), versus 3 years before (2018) and versus 5 years ago (2016):

Year Median Sqm Price inBR8 8 (in£) Growth Rate (in %)
2021 £4269.7 -%
2020 £4063.29 39.2%
2018 £3889.63 45.5%
2016 £3648.65 55.1%

How to read this table, example with 2018: in 2018 the median price per square metre in BR8 8 for a house was 3889.63. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 45.45% %.

A note of importance

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 BR8 8?

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, BR8 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 2021, 7 flats were sold in BR8 8 – an increase/decrease (choose one) of -78.79%% 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 BR8 8 flat was £4364.41 – 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 inBR8 8 (in£) Growth Rate (in %)
2021 £4364.41 -%
2020 £4289.52 12.5%
2018 £4085 18.2%
2016 £5347.22 -9.7%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a BR8 8 flat was £4289.52. Compared to the latest 2021 figures, the median flat price per square metre changed by 39.23%%. To begin our property price guide, we want to provide an overview of how costs are distributed in BR8 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 values in BR8 8

Household income and employment rates in BR8 8

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 8 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 8 too.
The map below displays the employment rate in your sector.

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.

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.

Location factors impacting property prices in BR8 8

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 8 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Proximity 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 BR8 8.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your BR8 8 postcode sector is served per the above list in the table below.

Type of amenities Number in BR8 8
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 1
Schools 7
Shopping centres (within 5mi) 6
Public transports (train or tube stations) 1

Now that we’ve analysed how the price per square metre in BR8 8 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Property factors driving price rises in BR8 8

Property sizes

Obviously when looking at buying the floor area of the property has a direct impact on the price you’ll be selling at or paying for. In order to get a clearer picture of BR8 8 we have come up with the following charts showing the distribution of properties depending on their total floor area.

Total Floor area distribution for houses in BR8 8

Total Floor area distribution for flats in BR8 8

Total Floor area distribution for other property types in BR8 8

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.”

How BR8 8 compares with nearby postcode sectors

To help you get a better understanding of the BR8 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
BR8 7 £4071.43 See our analysis on BR8 7 property prices
BR8 8 £4063.29 See our analysis on BR8 8 property prices

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

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  • More than 25 years of experience combined
  • We help you focus on your objective (investment, 1st time buy)

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