Property prices in CR0 5: A closer look

The busy South London stations

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 CR0 5 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 CR0 5 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.

Deciphering property prices in CR0 5

To begin our property price guide, we want to provide an overview of how costs are distributed in CR0 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, 52 flats were sold in CR0 5 – an increase/decrease (choose one) of 30.00%% 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 CR0 5 flat was £5021.34 – 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 inCR0 5 (in£) Growth Rate (in %)
2021 £5021.34 -%
2020 £4811.03 0.3%
2018 £3467.77 39.2%
2016 £5151.52 -6.3%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a CR0 5 flat was £4811.03. Compared to the latest 2021 figures, the median flat price per square metre changed by 17.05%%.

Important note

What we’ve outlined here is an objective analysis of real prices paid – not an explanation of what impacts prices. If you want to learn about the many factors affecting your property’s value, see the information below.
And remember, only an agent deeply embedded in your local area has the knowledge to accurately assess your property’s worth, 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 5?

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

For houses

In CR0 5 in 2021, there were 86 houses sold. This represents an increase of 45.76% in house sales versus the prior year.
The chart below will assist in understanding the distribution of these prices, providing insight into the types and sizes of houses sold in CR0 5 in 2021.

After analysing the price distribution, we can examine the median price. Put simply, the median price splits the group of houses sold in 2021 in CR0 5 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £4838.62.
This number alone may not be very informative unless compared to previous years. Refer to the table below to see how the median price has changed: versus 2020, versus 2018 (3 years prior), and versus 2016 (5 years ago):

Year Median Sqm Price inCR0 5 (in£) Growth Rate (in %)
2021 £4838.62 -%
2020 £4833.33 17.1%
2018 £4978.82 13.6%
2016 £4745.76 19.2%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a CR0 5 house was £4978.82. Against the newest 2021 data, the median house price per square metre rose by 13.63%%.

For other types of property

In addition to houses and flats, CR0 5 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.

Location based factors in CR0 5 impacting the price of your property

Now that we’ve reviewed how the price per square metre in CR0 5 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Future developments in CR0 5

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 CR0 5 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Closeness 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 CR0 5.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your CR0 5 postcode sector is served per the above list in the table below.

Type of amenities Number in CR0 5
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 0
Schools 12
Shopping centres (within 5mi) 10
Public transports (train or tube stations) 0

Socioeconomic factors influencing property values in CR0 5

Household income and employment rates in CR0 5

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for CR0 5’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 CR0 5 property prices too.
The map below displays your sector’s employment rate.

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.

Interest rates

Over the past 5 years the economic conditions in Great Britain have drastically changed. Between 2019 and 2024 the Bank of England raised its interest rate multiple times to face a growing inflation and cool down an economy that was recovering from post-covid measures.

Interest rates have a direct impact on the property market as it will impact the capacity for potential buyers to borrow money. At the same time, with less prospective buyers, potential sellers are less likely to sell amid the fear of selling for a lower price.

Property related factors driving the prices up in CR0 5

Property sizes

Clearly, floor area impacts the price you’ll sell or pay for. To better understand CR0 5, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in CR0 5, this may provide insight into opportunities.

Total floor area distribution for CR0 5 houses

Total Floor area distribution for flats in CR0 5

Total Floor area distribution for other property types in CR0 5

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 CR0 5 compares with nearby postcode sectors

To provide more context on CR0 5, we’ve done similar in-depth analysis on nearby postcode sectors too.
Check the table below and feel free to navigate around. You may find interesting opportunities and info 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

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 *