A guide to property prices in CR2 0

A woman cycling in a South London park

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.

Predicting CR2 0 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 CR2 0 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.

Property factors driving price rises in CR2 0

Property sizes

Obviously when looking at buying the floor area of the property has a direct impact on the price you’ll be selling at or paying for. In order to get a clearer picture of CR2 0 we have come up with the following charts showing the distribution of properties depending on their total floor area.

Total Floor area distribution for houses in CR2 0

Total Floor area distribution for flats in CR2 0

Total Floor area distribution for other property types in CR2 0

Property features & built form

Features like built form, number of rooms, bathrooms etc. greatly affect price – more features mean higher prices. Recent features also increase value.
For built form, we look at:

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.”

Examining property prices in CR2 0

For flats

In 2021, 29 flats sold in CR2 0 – a/an increase/decrease (choose one) of -14.71%% 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 CR2 0 flat was £4765.63. 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 inCR2 0 (in£) Growth Rate (in %)
2021 £4765.63 -%
2020 £4790.69 0.8%
2018 £4750 1.6%
2016 £5000 -3.4%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in CR2 0 was £4790.69. Compared to the newest 2021 figures, the median flat price per square metre evolved by 19.36%%.

A noteworthy notice

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 CR2 0?

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, CR2 0 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. To begin our property price guide, we want to provide an overview of how costs are distributed in CR2 0 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 CR2 0 in 2021, we saw 107 houses sold. This represents an increase of 13.83% in the sales of houses compared to the previous year.

The chart below will help you understand the distribution of these prices and thus can give you an idea of the type and size of houses that were sold in 2021 in CR2 0.

After looking at the price distribution, we can now lean on and have a look at the median price. The median price, simply put, divides the group of houses sold in 2021 in CR2 0 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £5160.0.

This number alone might not bring valuable information unless you compare it to the previous years. Have a look at the table below to see how the median price has evolved: versus the previous year (2020), versus 3 years before (2018) and versus 5 years ago (2016):

Year Median Sqm Price inCR2 0 (in£) Growth Rate (in %)
2021 £5160 -%
2020 £4739.87 19.4%
2018 £4793.51 18%
2016 £4747.37 19.2%

How to read this table, example with 2018: in 2018 the median price per square metre in CR2 0 for a house was 4793.51. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 18.02% %.

How CR2 0 compares to nearby postcodes

To help you get a better understanding of the CR2 0 area, we’ve also put together a similar deep dive analysis on the nearby postcode sectors.

Have a quick look at the following table and don’t hesitate to navigate around. You might find interesting opportunities and learnings on these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
CR2 0 £4739.87 See our analysis on CR2 0 property prices
CR2 6 £4940.48 See our analysis on CR2 6 property prices
CR2 7 £4942.15 See our analysis on CR2 7 property prices
CR2 8 £4678.74 See our analysis on CR2 8 property prices
CR2 9 £4888.89 See our analysis on CR2 9 property prices

Location factors affecting property prices in CR2 0

Proximity 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 CR2 0.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your CR2 0 postcode sector is served per the above list in the table below.

Type of amenities Number in CR2 0
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 3
Schools 7
Shopping centres (within 5mi) 6
Public transports (train or tube stations) 2

Now that we’ve analysed how the price per square metre in CR2 0 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 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 CR2 0 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Socioeconomic factors influencing property values in CR2 0

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 capacity. At the same time, with fewer prospective buyers, potential sellers may hesitate to list for fear of lower prices.

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

Household income and employment rates in CR2 0

Another factor determining the price of a property will be the average household income in the area. There is a positive correlation between the price growth in an area where the average household income increases.

Check out below where the household income in CR2 0 is as it may have a positive impact on the sale of your property.

As part of this socioeconomic analysis, we cannot forget to mention the employment rate. This is because it is also directly related to the household income we just mentioned. When looking at the data and trying to understand the correlation between the different factors and the price of a property in CR2 0, we see a clear correlation with the employment rate as well.

The map below shows you the employment rate in your sector.

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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