Decoding property prices in CR5 1

A map showing London. Learn more about the city's property market with our guide

With its increasing appeal among renters, first time buyers, and real estate investors, South London has witnessed significant development. At Jukes, our intention is to analyse how property prices have evolved over time and offer key guidance to assist you: sell or invest in a property at an ideal cost.
In this guide we’ll examine macroeconomic elements influencing property values, and closely inspect price changes based on the type of real estate you own or are looking to acquire.
Note: The data here covers 2010 – 2021. We’re updating this model and guide with the latest 2023 figures.

Property related factors driving the prices up in CR5 1

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp CR5 1, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in CR5 1, this may provide insight on opportunities.

Total floor area distribution for CR5 1 houses

Total Floor area distribution for flats in CR5 1

Total Floor area distribution for other property types in CR5 1

Property features & built form

Features like built form, number of rooms, bathrooms etc. greatly affect price – more features mean higher prices. Recent features also increase value.
For built form, we look at:

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 CR5 1 with nearby postcodes

To provide more CR5 1 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
CR5 0 £4411.76 See our analysis on CR5 0 property prices
CR5 1 £4827.59 See our analysis on CR5 1 property prices
CR5 2 £4440.54 See our analysis on CR5 2 property prices
CR5 3 £4888.89 See our analysis on CR5 3 property prices

Forecasting CR5 1 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 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 CR5 1 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.

Analysing property values in CR5 1

First to start our property price guide we want to give an overview of how prices are distributed in CR5 1 on the type of property. To do so, we will look at the price per square metre to assess the distribution. To create the charts, we are calculating the price per square metre by getting the price paid data from the Government website. Then we divide the price by the surface area of the property.

Once this is done, it gives us the exact price per square metre paid and we finally categorise these prices into buckets (£1000-£1500) indicating that a given property has been sold with a price per square metre oscillating between £1000 and £1500.

For other types of property

CR5 1 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.

For flats

In 2021, 18 flats were sold in CR5 1 – an increase/decrease (choose one) of 38.46%% 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 CR5 1 flat was £4025.52 – 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 inCR5 1 (in£) Growth Rate (in %)
2021 £4025.52 -%
2020 £4500 7.3%
2018 £3253.01 48.4%
2016 £3976.19 21.4%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a CR5 1 flat was £4500.0. Compared to the latest 2021 figures, the median flat price per square metre changed by 17.19%%.

For houses

In CR5 1 in 2021, we saw 143 houses sold. This represents an an increase of 28.83% 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 CR5 1.

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 CR5 1 into two equal groups. In other words, it indicates that 50% of the houses sold in 2021 went for more than £5140.19.
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 inCR5 1 (in£) Growth Rate (in %)
2021 £5140.19 -%
2020 £4827.59 17.2%
2018 £4684.34 20.8%
2016 £4530.79 24.9%

Understanding the table – example with 2018: In 2018, the median house price per square metre in CR5 1 was £4684.34. Versus the most recent 2021 data, the median house price per square metre increased by 20.78%%.

A quick note

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 CR5 1?

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 influencing the price of a property in CR5 1

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 CR5 1

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for CR5 1’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 CR5 1 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.

Location based factors in CR5 1 impacting the price of your property

Future developments nearby

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 CR5 1 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Now that we had a look at how the price per square metre in CR5 1 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.

Closeness to public amenities

While garden size and number of rooms meet buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s worth in CR5 1.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your CR5 1 postcode sector is served per the above list in the table below.

Type of amenities Number in CR5 1
NHS Trusts (hospitals) 0
Practioners 21
Pharmacies 4
Schools 9
Shopping centres (within 5mi) 6
Public transports (train or tube stations) 0

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