A guide to property prices in CR7 8

A view of South London terraced houses and their chimneys

South London has seen major growth as a popular location for renters, first time buyers, and real estate investors. Here at Jukes, we want to analyse how property prices have changed over time and provide key insights to help you: sell or purchase a home at the optimal price.
In this guide we’ll examine macroeconomic factors impacting property values, and take a close look at price changes depending on the type of home you own or plan to acquire.
Note: The data in this article covers 2010 – 2021. We’re working to enhance this model and article with the most up-to-date 2023 figures.

Forecasting CR7 8 property prices in 2024-2025

At Jukes we have been trying to solve this equation for the past 35 years and let’s be honest, no one has a magic crystal ball and can predict the future prices. The variables included in the prices as you have just read it are simply too many.

With the rise of machine learning and AI the models to predict trends are getting better but they cannot account for external factors yet and the property market can shit pretty quickly as it did in the past.

It is for this reason that we decided not to show any prediction but rather adopted the position of showing the trend over the past 14 years. The chart below shows you all the property sales that happened in CR7 8, their price, the floor area of the property and the date of sale. Additionally, this chart presents you with a trend line showing the average property price for the given year. As you can see there is an upward trend and in our opinion there is no reason that this trend should change as of February 2024. Nonetheless it’s the slope of the curve that may change in the future

Property prices in CR7 8

For other types of property

Beyond houses and flats, CR7 8 has seen some other property types trade hands over the years, though these do not account for a large share 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 that falls into this category, please reach out for additional details and insight. We can provide an accurate valuation tailored to your specific situation.

For flats

In 2021, 30 flats sold in CR7 8 – a/an increase/decrease (choose one) of -54.55%% 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 CR7 8 flat was £4614.45. 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 inCR7 8 (in£) Growth Rate (in %)
2021 £4614.45 -%
2020 £4313.46 11.9%
2018 £4775.83 1.1%
2016 £4449.32 8.5%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in CR7 8 was £4313.46. Compared to the newest 2021 figures, the median flat price per square metre evolved by 30.82%%. To initiate our property price guide, we want to summarise how costs are distributed in CR7 8 by property type. To accomplish this, we’ll examine the price per square metre to evaluate the breakdown. We determine the price per square metre by accessing the price paid data from the Government’s website. We then divide the price by the property’s size.
This provides the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) indicating a property was sold for a price per square metre falling between £1000 and £1500.

A quick note

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 8?

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

For houses

In CR7 8 in 2021, we saw 107 houses sold. This represents an an increase of 7.00% 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 CR7 8.

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 CR7 8 into two equal groups. In other words, it indicates that 50% of the houses sold in 2021 went for more than £4419.35.
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 inCR7 8 (in£) Growth Rate (in %)
2021 £4419.35 -%
2020 £4324.59 30.8%
2018 £4267.61 32.6%
2016 £4205.26 34.5%

Understanding the table – example with 2018: In 2018, the median house price per square metre in CR7 8 was £4267.61. Versus the most recent 2021 data, the median house price per square metre increased by 32.57%%.

Location factors impacting property prices in CR7 8

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 8.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your CR7 8 postcode sector is served per the above list in the table below.

Type of amenities Number in CR7 8
NHS Trusts (hospitals) 0
Practioners 47
Pharmacies 6
Schools 24
Shopping centres (within 5mi) 12
Public transports (train or tube stations) 1

Future developments nearby

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 CR7 8 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below. Now that we’ve analysed how the price per square metre in CR7 8 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Socioeconomic factors influencing the price of a property in CR7 8

Interest rates

Over the past 5 years the economic conditions in Great Britain have drastically changed. Between 2019 and 2024 the Bank of England raised its interest rate multiple times to face a growing inflation and cool down an economy that was recovering from post-covid measures.

Interest rates have a direct impact on the property market as it will impact the capacity for potential buyers to borrow money. At the same time, with less prospective buyers, potential sellers are less likely to sell amid the fear of selling for a lower price.

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 employment rates in CR7 8

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for CR7 8’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 CR7 8 property prices too.
The map below displays your sector’s employment rate.

How CR7 8 compares to nearby postcodes

To provide more CR7 8 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 learnings 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 related factors driving the prices up in CR7 8

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp CR7 8, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in CR7 8, this may provide insight on opportunities.

Total floor area distribution for CR7 8 houses

Total Floor area distribution for flats in CR7 8

Total Floor area distribution for other property types in CR7 8

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.”

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