Property values in CR2 8: What you need to know

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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 factors driving price rises in CR2 8

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp CR2 8, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in CR2 8, this may provide insight on opportunities.

Total floor area distribution for CR2 8 houses

Total Floor area distribution for flats in CR2 8

Total Floor area distribution for other property types in CR2 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.”

Comparing CR2 8 with nearby postcodes

To provide more CR2 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 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

Location factors impacting property prices in CR2 8

Now that we’ve looked at how the price per square metre in CR2 8 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

Closeness to public amenities

One major feature of a property may not necessarily be the size of the garden or the number of rooms. Obviously these correspond to your needs as a buyer, and landlord or a seller. What will truly bring value to your property in CR2 8 will also be its proximity to amenities.

The following ones make a significant impact on the price.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

We have gathered in the following table how your postcode sector (CR2 8) is served according to the above list

Type of amenities Number in CR2 8
NHS Trusts (hospitals) 0
Practioners 43
Pharmacies 6
Schools 13
Shopping centres (within 5mi) 6
Public transports (train or tube stations) 0

Check for future developments

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 8 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Property values in CR2 8

For houses

In CR2 8 in 2021, we saw 120 houses sold. This represents an a decrease of 0.00% in house sales compared to the prior year.
The chart below will help you comprehend the distribution of these prices and thus can provide an idea of the types and sizes of houses that were sold in 2021 in CR2 8.

After examining the price distribution, we can now focus on the median price. Simply put, the median price divides the group of houses sold in 2021 in CR2 8 into two equal groups. In other words, it indicates that 50% of the houses sold in 2021 went for more than £4914.29.
This number alone may not be very informative unless you compare it to previous years. Have a look at the table below to see how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years ago):

Year Median Sqm Price inCR2 8 (in£) Growth Rate (in %)
2021 £4914.29 -%
2020 £4678.74 20.9%
2018 £4493.76 25.9%
2016 £4458.65 26.9%

Understanding the table – example with 2018: In 2018, the median house price per square metre in CR2 8 was £4493.76. Versus the most recent 2021 data, the median house price per square metre increased by 25.90%%.

For flats

In CR2 8 in 2021, 14 flats were sold. Compared to 2020, this is a decrease of -6.67%%.

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 8 was £5022.71£. This means that when we look at the data, 50% of the flats sold in CR2 8 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 8 (in£) Growth Rate (in %)
2021 £5022.71 -%
2020 £6759 -28.6%
2018 £4764.15 1.3%
2016 £4431.7 8.9%

How to read this table, example with 2020: in 2020 the median price per square metre in CR2 8 for a flat was 6759.0. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 20.92% %.

To start our property value guide, we want to summarise how prices are allocated in CR2 8 based on property type. To do this, we’ll inspect 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’s site. We then divide the price by the property’s area.
This gives us the exact price per square metre paid. We group these prices into brackets (£1000-£1500) showing a property sold for a price per square metre between £1000 and £1500.

For other types of property

Beyond houses and flats, CR2 8 has seen other property types trade hands over the years, though these make up a small portion 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 contact us for additional insight and details. We can provide an accurate, tailored valuation.

A note of importance

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 CR2 8?

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

Socioeconomic factors impacting property values in CR2 8

Household income and job rates in CR2 8

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for CR2 8’s household income level, as it may positively influence selling your property. We can’t exclude the employment rate from this socioeconomic analysis. It directly relates to household income. The data shows a clear correlation between the job rate and CR2 8 property prices too.
The map below displays your sector’s employment 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.

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.

So how property prices will evolve in CR2 8 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 CR2 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!

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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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