Navigating property values in CR2 7

A view of South London terraced houses and their chimneys

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.

Deciphering property prices in CR2 7

For flats

In 2021, 68 flats were sold in CR2 7 – an increase/decrease (choose one) of -10.53%% 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 CR2 7 flat was £4922.12 – 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 inCR2 7 (in£) Growth Rate (in %)
2021 £4922.12 -%
2020 £5393.75 -10.5%
2018 £5294.12 -8.8%
2016 £4870.69 -0.9%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a CR2 7 flat was £5393.75. Compared to the latest 2021 figures, the median flat price per square metre changed by 14.47%%.

For other types of property

CR2 7 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 initiate our property price guide, we want to summarise how costs are distributed in CR2 7 by property type. To accomplish this, we’ll examine the price per square metre to evaluate the breakdown. We determine the price per square metre by accessing the price paid data from the Government’s website. We then divide the price by the property’s size.
This provides the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) indicating a property was sold for a price per square metre falling between £1000 and £1500.

A quick 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 CR2 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 houses

In CR2 7 in 2021, there were 77 houses sold. This represents an increase of 32.76% 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 CR2 7 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 CR2 7 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £5248.32.
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 inCR2 7 (in£) Growth Rate (in %)
2021 £5248.32 -%
2020 £4942.15 14.5%
2018 £4835.53 17%
2016 £4888.63 15.7%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a CR2 7 house was £4835.53. Against the newest 2021 data, the median house price per square metre rose by 17.00%%.

Location factors impacting property prices in CR2 7

Now that we had a look at how the price per square metre in CR2 7 has changed over time let’s dig a little deeper in the factors that impact the price of the property you are looking to buy or sell.

Future developments in CR2 7

The attractivity of an area can be measured partially via the number of ongoing or upcoming developments. Indeed with further housing developments an area is able to welcome more people to live around increasing the demand for the given area. To check if this has an impact on the property you are looking to buy or sell in CR2 7 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Proximity to public amenities

Now that we’ve reviewed how the price per square metre in CR2 7 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 7.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your CR2 7 postcode sector is served per the above list in the table below.

Type of amenities Number in CR2 7
NHS Trusts (hospitals) 0
Practioners 26
Pharmacies 0
Schools 8
Shopping centres (within 5mi) 6
Public transports (train or tube stations) 1

Property related factors driving the prices up in CR2 7

Property sizes

Clearly, floor area impacts the price you’ll sell or pay for. To better understand CR2 7, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in CR2 7, this may provide insight into opportunities.

Total floor area distribution for CR2 7 houses

Total Floor area distribution for flats in CR2 7

Total Floor area distribution for other property types in CR2 7

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.”

Comparing CR2 7 with nearby postcodes

To provide more context on CR2 7, we’ve done similar in-depth analysis 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
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

Socioeconomic factors impacting property prices in CR2 7

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 job rates in CR2 7

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for CR2 7’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 CR2 7 property prices.
The map below displays the job rate in your sector.

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.

Predicting CR2 7 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 shift quickly, as it has in the past.
That’s why we show 14 years of sales data – prices, floor areas, and sale dates for CR2 7 properties. The chart also displays an average price trendline yearly. As you can see, an upward trajectory that in our view won’t change as of February 2024. But the curve’s slope may shift going forward.

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 *