Property prices in CR4 2: A closer look

The busy South London stations

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.

So how property prices will evolve in CR4 2 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 CR4 2 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.

Location factors impacting property prices in CR4 2

Future developments around

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 CR4 2 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Proximity 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 CR4 2.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your CR4 2 postcode sector is served per the above list in the table below.

Type of amenities Number in CR4 2
NHS Trusts (hospitals) 0
Practioners 2
Pharmacies 2
Schools 6
Shopping centres (within 5mi) 11
Public transports (train or tube stations) 1

Now that we had a look at how the price per square metre in CR4 2 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.

Socioeconomic factors impacting property values in CR4 2

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 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.

Household income and employment rates in CR4 2

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for CR4 2’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 CR4 2 property prices.
The map below displays the job rate in your sector.

How CR4 2 compares to nearby postcodes

To provide more CR4 2 insight, we’ve done similar in-depth analysis on nearby postcode sectors too.
Review the table below and feel free to navigate around. You may uncover interesting opportunities and learnings for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
CR4 1 £4390.46 See our analysis on CR4 1 property prices
CR4 2 £5015.35 See our analysis on CR4 2 property prices
CR4 3 £4948.96 See our analysis on CR4 3 property prices
CR4 4 £4588.24 See our analysis on CR4 4 property prices

Property factors driving price rises in CR4 2

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp CR4 2, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in CR4 2, this may provide insight on opportunities.

Total floor area distribution for CR4 2 houses

Total Floor area distribution for flats in CR4 2

Total Floor area distribution for other property types in CR4 2

Property features & built form

Features like built form, number of rooms, bathrooms etc. significantly impact price – the more features, the higher the price. Recent features also boost value.
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.”

Property values in CR4 2

A note of importance

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 CR4 2?

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

CR4 2 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 start our property value guide, we want to summarise how prices are allocated in CR4 2 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 flats

In 2021, 36 flats sold in CR4 2 – a/an increase/decrease (choose one) of -35.71%% 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 CR4 2 flat was £5528.18. 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 inCR4 2 (in£) Growth Rate (in %)
2021 £5528.18 -%
2020 £6457.05 -25.2%
2018 £5770.49 -16.3%
2016 £5263.16 -8.3%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in CR4 2 was £6457.05. Compared to the newest 2021 figures, the median flat price per square metre evolved by 12.80%%.

For houses

In CR4 2 in 2021, we saw 96 houses sold. This represents an an increase of 77.78% 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 CR4 2.

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 CR4 2 into two equal groups. In other words, it indicates that 50% of the houses sold in 2021 went for more than £5514.99.
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 inCR4 2 (in£) Growth Rate (in %)
2021 £5514.99 -%
2020 £5015.35 12.8%
2018 £4810.13 17.6%
2016 £4934.92 14.6%

Understanding the table – example with 2018: In 2018, the median house price per square metre in CR4 2 was £4810.13. Versus the most recent 2021 data, the median house price per square metre increased by 17.62%%.

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)

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