A guide to property prices in CR2 9

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South London has seen major growth as a popular location for renters, first time buyers, and real estate investors. Here at Jukes, we want to analyse how property prices have changed over time and provide key insights to help you: sell or purchase a home at the optimal price.
In this guide we’ll examine macroeconomic factors impacting property values, and take a close look at price changes depending on the type of home you own or plan to acquire.
Note: The data in this article covers 2010 – 2021. We’re working to enhance this model and article with the most up-to-date 2023 figures.

Socioeconomic factors impacting property values in CR2 9

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 ability. At the same time, with fewer prospective buyers, potential sellers may wait 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.

Household income and job rates in CR2 9

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for CR2 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 CR2 9 property prices too.
The map below displays your sector’s job rate.

Forecasting CR2 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 CR2 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

Property elements driving price increases in CR2 9

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand CR2 9, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in CR2 9, this may provide insight on opportunities.

Total floor area distribution for CR2 9 houses

Total Floor area distribution for flats in CR2 9

Total Floor area distribution for other property types in CR2 9

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.”

Location elements influencing property values in CR2 9

Now that we’ve analysed how the price per square metre in CR2 9 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Future developments around

An area’s popularity can be gauged by its number of planned or in-progress developments. More housing means more residents, increasing demand. To see if this impacts CR2 9 properties you may buy or sell, we’ve gathered all upcoming developments from the London mayor’s website into the table below.

Closeness to public amenities

Whilst the size of the garden and number of rooms meet buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in CR2 9.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your CR2 9 postcode sector is served per the above list in the table below.

Type of amenities Number in CR2 9
NHS Trusts (hospitals) 0
Practioners 5
Pharmacies 3
Schools 5
Shopping centres (within 5mi) 6
Public transports (train or tube stations) 0

Property values in CR2 9

For other types of property

In addition to houses and flats, CR2 9 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 keep in mind

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what impacts prices. If you want to learn about the many factors affecting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area has the knowledge to truly assess your property’s value, 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 9?

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 9 in 2021, there were 79 houses sold. This represents an increase of 17.91% 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 9.

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 9 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £4896.55. 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 9 (in£) Growth Rate (in %)
2021 £4896.55 -%
2020 £4888.89 15.7%
2018 £4896.91 15.5%
2016 £4565.22 23.9%

Understanding the table – example with 2018: In 2018, the median house price per square metre in CR2 9 was £4896.91. Compared to the latest 2021 data, the median house price per square metre increased by 15.53%%. To begin our property price guide, we want to provide an overview of how costs are distributed in CR2 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 flats

In 2021, 5 flats sold in CR2 9 – a/an increase/decrease (choose one) of 25.00%% versus 2020. To better comprehend 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 useful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a CR2 9 flat was £3716.22 – so 50% of flats sold for less.
Check the table below to observe how the median price evolved between 2016 and 2021.

Year Median Sqm Price inCR2 9 (in£) Growth Rate (in %)
2021 £3716.22 -%
2020 £4283.78 12.7%
2018 £5087.72 -5.1%
2016 £4518.91 6.8%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in CR2 9 was £4283.78. Versus the most recent 2021 figures, the median flat price per square metre evolved by 15.72%%.

Comparing CR2 9 with nearby postcodes

To help you get a better understanding of the CR2 9 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

Consider buying or selling in South London? Go with Jukes!

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