Navigating property values in CR7 7

View from an alley way in South London showing terraced houses

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.

Location factors impacting property prices in CR7 7

Proximity 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 CR7 7.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your CR7 7 postcode sector is served per the above list in the table below.

Type of amenities Number in CR7 7
NHS Trusts (hospitals) 1
Practioners 88
Pharmacies 4
Schools 12
Shopping centres (within 5mi) 12
Public transports (train or tube stations) 0

Now that we had a look at how the price per square metre in CR7 7 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 around

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 CR7 7 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

Socioeconomic factors influencing property values in CR7 7

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.

Household income and employment rates in CR7 7

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for CR7 7’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 CR7 7 property prices too.
The map below displays your sector’s job rate. Apart from location, the property market also responds to economic and demographic factors like interest rates, population growth, and average household income.

Forecasting CR7 7 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 variables 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 shift quickly, as it has in the past.
That’s why we show 14 years of sales data – prices, floor areas, and sale dates for CR7 7 properties. The chart also displays an average price trendline yearly. As you can see, an upward trajectory that in our view won’t change as of February 2024. But the curve’s slope may shift going forward.

Property factors increasing prices in CR7 7

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand CR7 7, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in CR7 7, this may provide insight on opportunities.

Total floor area distribution for CR7 7 houses

Total Floor area distribution for flats in CR7 7

Total Floor area distribution for other property types in CR7 7

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.”

How CR7 7 compares with nearby postcode sectors

To provide more context on CR7 7, we’ve done similar in-depth analysis 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
CR7 6 £3733.76 See our analysis on CR7 6 property prices
CR7 7 £4139.68 See our analysis on CR7 7 property prices
CR7 8 £4324.59 See our analysis on CR7 8 property prices

Property values in CR7 7

For other types of property

CR7 7 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 houses

In CR7 7 in 2021, there were 119 houses sold. This represents an increase of 21.43% in house sales versus the prior year.
The chart below will assist in understanding the distribution of these prices, providing insight into the types and sizes of houses sold in CR7 7 in 2021.

After analysing the price distribution, we can examine the median price. Put simply, the median price splits the group of houses sold in 2021 in CR7 7 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £4512.2.
This number alone may not be very informative unless compared to previous years. Refer to the table below to see how the median price has changed: versus 2020, versus 2018 (3 years prior), and versus 2016 (5 years ago):

Year Median Sqm Price inCR7 7 (in£) Growth Rate (in %)
2021 £4512.2 -%
2020 £4139.68 36.7%
2018 £3932.58 43.9%
2016 £3944.44 43.4%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a CR7 7 house was £3932.58. Against the newest 2021 data, the median house price per square metre rose by 43.86%%.

A note of importance

What we’ve presented here is an objective analysis of real prices paid – not an explanation of what makes prices rise or fall. If you want to learn about the many factors impacting your property’s value, see the information below.
And remember, only an agent deeply rooted in your local area has the knowledge to truly assess your property’s value, or that dream home you hope to acquire. They’re on the front lines of supply and demand there.

Looking to buy or sell your property in CR7 7?

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

For flats

In 2021, 26 flats were sold in CR7 7 – an increase/decrease (choose one) of -18.75%% over 2020.
To better grasp the price per square metre distribution and sizes/types of flats sold in 2021, we’ve assembled the chart below.

While the price distribution gives a helpful snapshot, the median price also provides insight. In 2021, the median price per square metre for a CR7 7 flat was £4651.79 – meaning 50% of flats sold for less than this. See the table below to view how the median price changed between 2016 and 2021.

Year Median Sqm Price inCR7 7 (in£) Growth Rate (in %)
2021 £4651.79 -%
2020 £4516.67 6.9%
2018 £4400 9.7%
2016 £4477.36 7.8%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a CR7 7 flat was £4516.67. Versus 2021 figures, the median flat price per square metre changed by 36.67%%. To begin our property price guide, we want to provide an overview of how costs are distributed in CR7 7 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.

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)

Leave a Reply

Your email address will not be published. Required fields are marked *