Decoding property prices in CR2 6

Learn all about South London with our property guides

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.

Socioeconomic factors impacting property values in CR2 6

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

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.

Household income and job rates in CR2 6

Another price determiner is the area’s average household income. Prices tend to rise in areas where household incomes are increasing. See below where household income in the CR2 6 stands, as it may positively impact selling your property. We can’t omit the employment rate from this socioeconomic analysis either. It directly relates to the household income we just covered. The data shows a clear link between the employment rate and property prices in CR2 6 too.
The map below displays the employment rate in your sector.

Property related factors driving the prices up in CR2 6

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand CR2 6, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in CR2 6, this may provide insight on opportunities.

Total floor area distribution for CR2 6 houses

Total Floor area distribution for flats in CR2 6

Total Floor area distribution for other property types in CR2 6

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.”

Property values in CR2 6

For houses

In CR2 6 in 2021, there were 90 houses sold. This represents an increase of 30.43% 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 CR2 6.

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 CR2 6 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £4998.57. 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 inCR2 6 (in£) Growth Rate (in %)
2021 £4998.57 -%
2020 £4940.48 14.5%
2018 £4868.42 16.2%
2016 £4646.46 21.8%

Understanding the table – example with 2018: In 2018, the median house price per square metre in CR2 6 was £4868.42. Compared to the latest 2021 data, the median house price per square metre increased by 16.21%%.

For other types of property

CR2 6 has seen other types of properties being sold over the years but these do not represent a large proportion of the properties sold in 2021. We’ve gathered these properties in the chart above to show you how the price per square metre is distributed for these properties.

If the property you are looking to buy or sell falls into this category, feel free to reach out to us for more details and information. We will be able to provide you with an accurate valuation.

To keep in mind

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 6?

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

To kick off our property value guide, we aim to give a summary of how prices are spread in CR2 6 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 flats

In CR2 6 in 2021, 79 flats were sold. Compared to 2020, this is a decrease of -9.20%%.

To better understand how the price per square metre is distributed and give you an idea of the size and types of flats sold in 2021, we have put together the chart below.

Looking at the price distribution is a great way to get a snapshot of how flats are distributed but it is now interesting to have a look at the median price. In 2021, the median price per square metre for a flat in CR2 6 was £4218.75£. This means that when we look at the data, 50% of the flats sold in CR2 6 were sold for less than that.

Have a look at the table below to get an idea of how the median price has changed between 2016 and 2021

Year Median Sqm Price inCR2 6 (in£) Growth Rate (in %)
2021 £4218.75 -%
2020 £4746.67 1.7%
2018 £4552.31 6%
2016 £4476.19 7.9%

How to read this table, example with 2020: in 2020 the median price per square metre in CR2 6 for a flat was 4746.67. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 14.51% %.

Location elements influencing property values in CR2 6

Now that we’ve analysed how the price per square metre in CR2 6 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Future developments in CR2 6

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more potential residents, raising demand. To see if this impacts CR2 6 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

Closeness to public amenities

Now that we’ve reviewed how the price per square metre in CR2 6 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Closeness to public amenities

Whilst the size of the garden and number of rooms suit buyers’ and sellers’ needs, proximity to conveniences also enhances a property’s value in CR2 6.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your CR2 6 postcode sector is served per the above list in the table below.

Type of amenities Number in CR2 6
NHS Trusts (hospitals) 0
Practioners 39
Pharmacies 1
Schools 7
Shopping centres (within 5mi) 6
Public transports (train or tube stations) 0

Comparing CR2 6 with nearby postcodes

To provide more CR2 6 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
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

Forecasting CR2 6 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 quickly shift, as it has before.
That’s why we show 14 years of sales data – prices, sizes, and sale dates for CR2 6 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!

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  • More than 25 years of experience combined
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