Property prices in CR0 1: A closer look

A view of South London terraced houses and their chimneys

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.

How CR0 1 compares with nearby postcode sectors

To provide more CR0 1 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
CR0 0 £4104.08 See our analysis on CR0 0 property prices
CR0 1 £4193.87 See our analysis on CR0 1 property prices
CR0 2 £3869.2 See our analysis on CR0 2 property prices
CR0 3 £4405.41 See our analysis on CR0 3 property prices
CR0 4 £4488.64 See our analysis on CR0 4 property prices
CR0 5 £4833.33 See our analysis on CR0 5 property prices
CR0 6 £4611.11 See our analysis on CR0 6 property prices
CR0 7 £4303.8 See our analysis on CR0 7 property prices
CR0 8 £4680 See our analysis on CR0 8 property prices
CR0 9 £3650.79 See our analysis on CR0 9 property prices

Examining property prices in CR0 1

For other types of property

Beyond houses and flats, CR0 1 has seen some other property types trade hands over the years, though these do not account for a large share 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 that falls into this category, please reach out for additional details and insight. We can provide an accurate valuation tailored to your specific situation.

A quick note

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 CR0 1?

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

For flats

In 2021, 57 flats sold in CR0 1 – a/an increase/decrease (choose one) of -47.71%% versus 2020. To better comprehend the price per square metre distribution and sizes/types of flats sold in 2021, we’ve created the chart below.

The price distribution provides a useful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a CR0 1 flat was £5018.18 – so 50% of flats sold for less.
Check the table below to observe how the median price evolved between 2016 and 2021.

Year Median Sqm Price inCR0 1 (in£) Growth Rate (in %)
2021 £5018.18 -%
2020 £6071.43 -20.5%
2018 £5519.74 -12.5%
2016 £6147.58 -21.5%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in CR0 1 was £6071.43. Versus the most recent 2021 figures, the median flat price per square metre evolved by 34.90%%.

For houses

In CR0 1 in 2021, there were 55 houses sold. This represents an increase of 71.88% 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 CR0 1 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 CR0 1 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £4675.32. 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 inCR0 1 (in£) Growth Rate (in %)
2021 £4675.32 -%
2020 £4193.87 34.9%
2018 £4344.26 30.2%
2016 £4571.43 23.8%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in CR0 1 was £4344.26. Compared to 2021 data, the median house price per square metre rose by 30.23%%. To begin our property price guide, we want to provide an overview of how costs are distributed in CR0 1 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 influencing property values in CR0 1

Household income and job rates in CR0 1

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 CR0 1 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 CR0 1 too.
The map below displays the employment 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.

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

Property factors increasing prices in CR0 1

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp CR0 1, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in CR0 1, this may provide insight on opportunities.

Total floor area distribution for CR0 1 houses

Total Floor area distribution for flats in CR0 1

Total Floor area distribution for other property types in CR0 1

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 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.”

Location factors impacting property prices in CR0 1

Proximity to public amenities

One major feature of a property may not necessarily be the size of the garden or the number of rooms. Obviously these correspond to your needs as a buyer, and landlord or a seller. What will truly bring value to your property in CR0 1 will also be its proximity to amenities.

The following ones make a significant impact on the price.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

We have gathered in the following table how your postcode sector (CR0 1) is served according to the above list

Type of amenities Number in CR0 1
NHS Trusts (hospitals) 0
Practioners 37
Pharmacies 9
Schools 10
Shopping centres (within 5mi) 10
Public transports (train or tube stations) 1

Now that we’ve analysed how the price per square metre in CR0 1 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Future developments in CR0 1

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 CR0 1 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

So how property prices will evolve in CR0 1 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 quickly shift, as it has before.
That’s why we show 14 years of sales data – prices, sizes, and sale dates for CR0 1 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.

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)

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