Property values in CR0 8: What you need to know

A map showing London. Learn more about the city's property market with our guide

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.

Location factors impacting property prices in CR0 8

Now that we’ve looked at how the price per square metre in CR0 8 has changed over time, let’s explore elements 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 CR0 8.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your CR0 8 postcode sector is served per the above list in the table below.

Type of amenities Number in CR0 8
NHS Trusts (hospitals) 0
Practioners 16
Pharmacies 4
Schools 6
Shopping centres (within 5mi) 10
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 CR0 8 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Comparing CR0 8 with nearby postcodes

To provide more CR0 8 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

Analysing property values in CR0 8

To begin our property price guide, we want to provide an overview of how costs are distributed in CR0 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.

For houses

In CR0 8 in 2021, there were 109 houses sold. This represents an increase of 3.81% in house sales compared to the previous year.
The chart below will help understand the distribution of these prices, giving insight into the types and sizes of houses sold in 2021 in CR0 8.

After reviewing the price distribution, we can examine the median price. Simply put, the median price separates the group of houses sold in 2021 in CR0 8 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £5274.73. This number alone may not provide much value unless compared to previous years. See the table below to observe how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years prior):

Year Median Sqm Price inCR0 8 (in£) Growth Rate (in %)
2021 £5274.73 -%
2020 £4680 20.9%
2018 £4593.29 23.2%
2016 £4634.43 22.1%

Understanding the table – example with 2018: In 2018, the median house price per square metre in CR0 8 was £4593.29. Compared to the latest 2021 data, the median house price per square metre increased by 23.17%%.

For flats

In 2021, 13 flats sold in CR0 8 – a/an increase/decrease (choose one) of 8.33%% versus 2020. To better grasp 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 helpful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a CR0 8 flat was £4777.78. This means 50% of flats sold for less than this.
See the table below to observe how the median price changed from 2016 to 2021.

Year Median Sqm Price inCR0 8 (in£) Growth Rate (in %)
2021 £4777.78 -%
2020 £4312.46 11.9%
2018 £4837.26 -0.2%
2016 £3775.68 27.9%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in CR0 8 was £4312.46. Compared to the newest 2021 figures, the median flat price per square metre evolved by 20.89%%.

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 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

In addition to houses and flats, CR0 8 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.

Property factors driving price rises in CR0 8

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp CR0 8, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in CR0 8, this may provide insight on opportunities.

Total floor area distribution for CR0 8 houses

Total Floor area distribution for flats in CR0 8

Total Floor area distribution for other property types in CR0 8

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.”

Socioeconomic factors influencing the price of a property in CR0 8

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.

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.

Household income and employment rates in CR0 8

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for CR0 8’s household income level, as it may positively impact selling your property. We can’t exclude the job rate from this socioeconomic analysis. It directly relates to household income. The data also shows a clear correlation between the employment rate and CR0 8 property prices.
The map below displays the job rate in your sector.

Forecasting CR0 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 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 CR0 8 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)

Leave a Reply

Your email address will not be published. Required fields are marked *