Navigating property values in CR4 4

The arty side of South London

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 CR4 4

Apart from location, the property market also responds 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 ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

Household income and employment rates in CR4 4

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for CR4 4’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 CR4 4 property prices too.
The map below displays your sector’s job rate.

Property related factors driving the prices up in CR4 4

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.”

Property sizes

Clearly, floor area impacts the price you’ll sell or pay for. To better understand CR4 4, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in CR4 4, this may provide insight into opportunities.

Total floor area distribution for CR4 4 houses

Total Floor area distribution for flats in CR4 4

Total Floor area distribution for other property types in CR4 4

Analysing property values in CR4 4

For flats

In CR4 4 in 2021, 32 flats were sold. Compared to 2020, this is a decrease of -68.32%%.

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 CR4 4 was £4929.2£. This means that when we look at the data, 50% of the flats sold in CR4 4 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 inCR4 4 (in£) Growth Rate (in %)
2021 £4929.2 -%
2020 £5396.83 -10.5%
2018 £5045.8 -4.3%
2016 £4772.73 1.1%

How to read this table, example with 2020: in 2020 the median price per square metre in CR4 4 for a flat was 5396.83. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 23.30% %.

A noteworthy notice

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 CR4 4?

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

To begin our property price guide, we want to provide an overview of how costs are distributed in CR4 4 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 houses

In CR4 4 in 2021, there were 65 houses sold. This represents a decrease of -2.99% 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 CR4 4.

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 CR4 4 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £4793.81. 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 inCR4 4 (in£) Growth Rate (in %)
2021 £4793.81 -%
2020 £4588.24 23.3%
2018 £4942.53 14.5%
2016 £4472.22 26.5%

Understanding the table – example with 2018: In 2018, the median house price per square metre in CR4 4 was £4942.53. Compared to the latest 2021 data, the median house price per square metre increased by 14.47%%.

For other types of property

In addition to houses and flats, CR4 4 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.

How CR4 4 compares with nearby postcode sectors

To provide more CR4 4 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

So how property prices will evolve in CR4 4 in 2024-2025

At Jukes we’ve tried deciphering this puzzle for 35 years – honestly, no magic crystal ball accurately forecasts future prices. Too many elements drive costs, as you’ve read.
AI and machine learning are enhancing 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 4 properties. The chart also displays a yearly average price trendline. As you can see, an upward trajectory that in our opinion won’t change as of February 2024. Though the curve’s slope may shift ahead.

Location factors impacting property prices in CR4 4

Proximity 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 CR4 4 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 (CR4 4) is served according to the above list

Type of amenities Number in CR4 4
NHS Trusts (hospitals) 0
Practioners 8
Pharmacies 3
Schools 7
Shopping centres (within 5mi) 11
Public transports (train or tube stations) 1

Now that we’ve reviewed how the price per square metre in CR4 4 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Future developments nearby

An area’s popularity can be gauged by the number of ongoing or planned developments. More housing in an area means more people are able to live there, increasing demand. To check if this impacts properties you may buy or sell in CR4 4, we’ve compiled all upcoming developments from the London mayor’s website into the table below.

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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