Property prices in CR0 9: A closer look

View from an alley way in South London showing terraced houses

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.

Property related factors driving the prices up in CR0 9

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp CR0 9, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in CR0 9, this may provide insight on opportunities.

Total floor area distribution for CR0 9 houses

Total Floor area distribution for flats in CR0 9

Total Floor area distribution for other property types in CR0 9

Property features & built form

When it comes to features we usually include the built form but also the number of rooms, bathrooms etc. The more features a property has, and the recency of these features will significantly impact the price.

Also, when we talk about built forms we usually have the following list in mind:

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 impacting property values in CR0 9

Household income and employment rates in CR0 9

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for CR0 9’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 9 property prices too.
The map below displays your sector’s job rate.

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.

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

Comparing CR0 9 with nearby postcodes

To provide more CR0 9 insight, we’ve done similar in-depth analysis on nearby postcode sectors too.
Review the table below and feel free to navigate around. You may uncover 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

Property prices in CR0 9

For other types of property

In addition to houses and flats, CR0 9 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, 38 flats were sold in CR0 9 – an increase/decrease (choose one) of 18.75%% over 2020.
To better grasp the price per square metre distribution and sizes/types of flats sold in 2021, we’ve assembled the chart below.

While the price distribution gives a helpful snapshot, the median price also provides insight. In 2021, the median price per square metre for a CR0 9 flat was £4680.38 – meaning 50% of flats sold for less than this. See the table below to view how the median price changed between 2016 and 2021.

Year Median Sqm Price inCR0 9 (in£) Growth Rate (in %)
2021 £4680.38 -%
2020 £4662.32 3.5%
2018 £4772.73 1.1%
2016 £4706.9 2.6%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a CR0 9 flat was £4662.32. Versus 2021 figures, the median flat price per square metre changed by 54.97%%. To begin our property price guide, we want to provide an overview of how costs are distributed in CR0 9 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 9 in 2021, there were 94 houses sold. This represents an increase of 64.91% 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 9 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 9 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £4040.29.
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 9 (in£) Growth Rate (in %)
2021 £4040.29 -%
2020 £3650.79 55.%
2018 £3870.6 46.2%
2016 £3654.27 54.8%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a CR0 9 house was £3870.6. Against the newest 2021 data, the median house price per square metre rose by 46.17%%.

To keep in mind

What we are presenting here is a factual analysis of the prices buyers paid. It is not here to give an explanation of what makes the price evolve. If you are interested in finding out more about the factors that impact the value of your property, you can have a look below.

Please also note that only an agent truly nested in your area will have the knowledge to assess the value of your property or the property you want to buy as they are at the forefront of the demand and the supply.

Looking to buy or sell your property in CR0 9?

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

Location factors impacting property prices in CR0 9

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 9.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your CR0 9 postcode sector is served per the above list in the table below.

Type of amenities Number in CR0 9
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 2
Schools 8
Shopping centres (within 5mi) 10
Public transports (train or tube stations) 0

Now that we’ve analysed how the price per square metre in CR0 9 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Future developments around the neighbourhood

An area’s popularity can be gauged by the number of ongoing or planned developments. More housing in an area means more people are able to live there, increasing demand. To check if this impacts properties you may buy or sell in CR0 9, we’ve compiled all upcoming developments from the London mayor’s website into the table below.

Forecasting CR0 9 property prices in 2024-2025

At Jukes we have been trying to solve this equation for the past 35 years and let’s be honest, no one has a magic crystal ball and can predict the future prices. The variables included in the prices as you have just read it are simply too many.

With the rise of machine learning and AI the models to predict trends are getting better but they cannot account for external factors yet and the property market can shit pretty quickly as it did in the past.

It is for this reason that we decided not to show any prediction but rather adopted the position of showing the trend over the past 14 years. The chart below shows you all the property sales that happened in CR0 9, their price, the floor area of the property and the date of sale. Additionally, this chart presents you with a trend line showing the average property price for the given year. As you can see there is an upward trend and in our opinion there is no reason that this trend should change as of February 2024. Nonetheless it’s the slope of the curve that may change in the future

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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