Property values in CR5 2: What you need to know

View from an alley way in South London showing terraced houses

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.

Analysing property values in CR5 2

For houses

In CR5 2 in 2021, we saw 92 houses sold. This represents an increase of 4.55% in the sales of houses compared to the previous year.

The chart below will help you understand the distribution of these prices and thus can give you an idea of the type and size of houses that were sold in 2021 in CR5 2.

After looking at the price distribution, we can now lean on and have a look at the median price. The median price, simply put, divides the group of houses sold in 2021 in CR5 2 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £4846.22.

This number alone might not bring valuable information unless you compare it to the previous years. Have a look at the table below to see how the median price has evolved: versus the previous year (2020), versus 3 years before (2018) and versus 5 years ago (2016):

Year Median Sqm Price inCR5 2 (in£) Growth Rate (in %)
2021 £4846.22 -%
2020 £4440.54 27.4%
2018 £4269.8 32.5%
2016 £4334.56 30.5%

How to read this table, example with 2018: in 2018 the median price per square metre in CR5 2 for a house was 4269.8. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 32.50% %.

Important 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 2?

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For flats

In 2021, 46 flats sold in CR5 2 – a/an increase/decrease (choose one) of -20.69%% 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 CR5 2 flat was £5431.86. 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 inCR5 2 (in£) Growth Rate (in %)
2021 £5431.86 -%
2020 £5669.88 -14.9%
2018 £4152.54 16.3%
2016 £3654.91 32.1%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in CR5 2 was £5669.88. Compared to the newest 2021 figures, the median flat price per square metre evolved by 27.41%%. To kick off our property value guide, we aim to give a summary of how prices are spread in CR5 2 by property type. To accomplish this, we’ll analyse the price per square metre to evaluate the distribution. We determine the price per square metre by accessing the price paid data from the Government’s site. We then divide the price by the property’s square footage.
This provides the precise price per square metre paid. We group these prices into ranges (£1000-£1500) indicating a property sold for a price per square metre within £1000 to £1500.

For other types of property

In addition to houses and flats, CR5 2 has seen other property types change hands over the years, though these represent a small share 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 get in touch for more details and perspective. We’re happy to provide a tailored, accurate valuation.

Location based factors in CR5 2 impacting the price of your property

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

Future developments in CR5 2

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more potential residents, raising demand. To see if this impacts CR5 2 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

Proximity to public amenities

While the size of the garden or number of rooms align with buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in CR5 2.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your CR5 2 postcode sector is served per the above list in the table below.

Type of amenities Number in CR5 2
NHS Trusts (hospitals) 0
Practioners 1
Pharmacies 2
Schools 11
Shopping centres (within 5mi) 6
Public transports (train or tube stations) 1

How CR5 2 compares to nearby postcodes

To help you get a better understanding of the CR5 2 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
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 2 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 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.

Property elements driving price increases in CR5 2

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.”

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp CR5 2, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in CR5 2, this may provide insight on opportunities.

Total floor area distribution for CR5 2 houses

Total Floor area distribution for flats in CR5 2

Total Floor area distribution for other property types in CR5 2

Socioeconomic factors impacting property values in CR5 2

Interest rates

In the last 5 years, Britain’s economic conditions have dramatically changed. 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 ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

Apart from location, the property market also reacts to economic and demographic factors like interest rates, population growth, and average household income.

Household income and job rates in CR5 2

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for CR5 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 CR5 2 property prices.
The map below displays the job rate in your sector.

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