Property values in CR0 7: What you need to know

The arty side of South London

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.

How CR0 7 compares to nearby postcodes

To provide more CR0 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 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

Property related factors driving the prices up in CR0 7

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.”

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp CR0 7, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in CR0 7, this may provide insight on opportunities.

Total floor area distribution for CR0 7 houses

Total Floor area distribution for flats in CR0 7

Total Floor area distribution for other property types in CR0 7

Location factors affecting property prices in CR0 7

Now that we’ve reviewed how the price per square metre in CR0 7 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Check for future developments

An area’s popularity can be gauged by its number of planned or in-progress developments. More housing means more residents, increasing demand. To see if this impacts CR0 7 properties you may buy or sell, we’ve gathered all upcoming developments from the London mayor’s website into the table below.

Closeness 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 CR0 7.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your CR0 7 postcode sector is served per the above list in the table below.

Type of amenities Number in CR0 7
NHS Trusts (hospitals) 0
Practioners 13
Pharmacies 2
Schools 9
Shopping centres (within 5mi) 10
Public transports (train or tube stations) 0

Predicting CR0 7 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 CR0 7 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.

Socioeconomic factors impacting property prices in CR0 7

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.

Household income and job rates in CR0 7

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for CR0 7’s household income level, as it may positively impact selling your property. We can’t exclude the job rate from this socioeconomic analysis either. It directly relates to household income. The data shows a clear link between the employment rate and CR0 7 property prices too.
The map below displays your sector’s job rate. Apart from location, the property market also reacts to economic and demographic factors like interest rates, population growth, and average household income.

Property prices in CR0 7

To kick off our property value guide, we aim to give a summary of how prices are spread in CR0 7 by property type. To accomplish this, we’ll analyse the price per square metre to evaluate the distribution. We determine the price per square metre by accessing the price paid data from the Government’s site. We then divide the price by the property’s square footage.
This provides the precise price per square metre paid. We group these prices into ranges (£1000-£1500) indicating a property sold for a price per square metre within £1000 to £1500.

For houses

In CR0 7 in 2021, there were 142 houses sold. This represents an increase of 17.36% 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 7 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 7 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £4577.61. 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 7 (in£) Growth Rate (in %)
2021 £4577.61 -%
2020 £4303.8 31.5%
2018 £4324.5 30.8%
2016 £4147.06 36.4%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in CR0 7 was £4324.5. Compared to 2021 data, the median house price per square metre rose by 30.82%%.

A quick note

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what drives prices up or down. If you’re curious to learn about the many factors impacting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area possesses the knowledge to truly assess your property’s worth, or that dream home you hope to buy. They’re at the forefront of supply and demand there.

Looking to buy or sell your property in CR0 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, CR0 7 has seen other property types change hands over the years, though these represent a small share 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 get in touch for more details and perspective. We’re happy to provide a tailored, accurate valuation.

For flats

In 2021, 12 flats were sold in CR0 7 – an increase/decrease (choose one) of -20.00%% 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 7 flat was £4757.0 – 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 7 (in£) Growth Rate (in %)
2021 £4757 -%
2020 £4615.38 4.6%
2018 £4771.09 1.2%
2016 £4852.94 -0.5%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a CR0 7 flat was £4615.38. Compared to the latest 2021 figures, the median flat price per square metre changed by 31.45%%.

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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