Decoding property prices in KT11 2

The busy South London stations

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.

How KT11 2 compares with nearby postcode sectors

To provide more KT11 2 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
KT11 1 £5403.84 See our analysis on KT11 1 property prices
KT11 2 £5931.27 See our analysis on KT11 2 property prices
KT11 3 £6329.11 See our analysis on KT11 3 property prices

Forecasting KT11 2 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 KT11 2, 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

Location factors affecting property prices in KT11 2

Future developments around the neighbourhood

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 KT11 2 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 KT11 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.

Closeness to public amenities

Now that we’ve reviewed how the price per square metre in KT11 2 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Closeness to public amenities

Whilst the size of the garden and number of rooms suit buyers’ and sellers’ needs, proximity to conveniences also enhances a property’s value in KT11 2.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your KT11 2 postcode sector is served per the above list in the table below.

Type of amenities Number in KT11 2
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 0
Schools 4
Shopping centres (within 5mi) 5
Public transports (train or tube stations) 0

Socioeconomic factors influencing the price of a property in KT11 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.

Household income and job rates in KT11 2

Another price determiner is the area’s average household income. Prices tend to rise in areas where household incomes are increasing. See below where household income in the KT11 2 stands, as it may positively impact selling your property. We can’t omit the employment rate from this socioeconomic analysis either. It directly relates to the household income we just covered. The data shows a clear link between the employment rate and property prices in KT11 2 too.
The map below displays the employment rate in your sector. Apart from location, the property market also responds to economic and demographic factors like interest rates, population growth, and average household income.

Property elements driving price increases in KT11 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 for. To better understand KT11 2, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in KT11 2, this may provide insight into opportunities.

Total floor area distribution for KT11 2 houses

Total Floor area distribution for flats in KT11 2

Total Floor area distribution for other property types in KT11 2

Analysing property values in KT11 2

To begin our property price guide, we want to provide an overview of how costs are distributed in KT11 2 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 other types of property

Beyond houses and flats, KT11 2 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, 4 flats were sold in KT11 2 – an increase/decrease (choose one) of -33.33%% 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 KT11 2 flat was £5143.47 – 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 inKT11 2 (in£) Growth Rate (in %)
2021 £5143.47 -%
2020 £5189.15 -7%
2018 £7072.57 -31.7%
2016 £5000 -3.4%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a KT11 2 flat was £5189.15. Compared to the latest 2021 figures, the median flat price per square metre changed by -4.62%%.

For houses

In KT11 2 in 2021, we saw 98 houses sold. This represents an increase of 22.50% 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 KT11 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 KT11 2 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £6830.65.

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 inKT11 2 (in£) Growth Rate (in %)
2021 £6830.65 -%
2020 £5931.27 -4.6%
2018 £6077.59 -6.9%
2016 £5963.3 -5.1%

How to read this table, example with 2018: in 2018 the median price per square metre in KT11 2 for a house was 6077.59. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by -6.91% %.

A noteworthy notice

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

Looking to buy or sell your property in KT11 2?

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

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)

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