Property prices in KT12 2: A closer look

View from an alley way in South London showing terraced houses

South London is increasingly attractive for renters, first time home buyers, and real estate investors. At Jukes, our goal is to study how property values have shifted over time and offer key recommendations to assist you: sell or acquire a property at the best price.
In this guide we’ll analyse macroeconomic elements driving property prices, and closely examine price fluctuations depending on the type of property you own or hope to purchase.
Note: The data here encompasses 2010 – 2021. We’re updating this model and article with the newest 2023 data.

Location factors affecting property prices in KT12 2

Future developments nearby

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 KT12 2 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

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 KT12 2.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your KT12 2 postcode sector is served per the above list in the table below.

Type of amenities Number in KT12 2
NHS Trusts (hospitals) 0
Practioners 2
Pharmacies 1
Schools 2
Shopping centres (within 5mi) 8
Public transports (train or tube stations) 0

Now that we’ve looked at how the price per square metre in KT12 2 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

Forecasting KT12 2 property prices in 2024-2025

At Jukes we’ve tried deciphering this puzzle for 35 years – honestly, no magic crystal ball accurately forecasts future prices. Too many elements drive costs, as you’ve read.
AI and machine learning are enhancing 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 KT12 2 properties. The chart also displays a yearly average price trendline. As you can see, an upward trajectory that in our opinion won’t change as of February 2024. Though the curve’s slope may shift ahead.

How KT12 2 compares with nearby postcode sectors

To provide more KT12 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
KT12 1 £5505.62 See our analysis on KT12 1 property prices
KT12 2 £5708.13 See our analysis on KT12 2 property prices
KT12 3 £5387.89 See our analysis on KT12 3 property prices
KT12 4 £5625 See our analysis on KT12 4 property prices
KT12 5 £5816.98 See our analysis on KT12 5 property prices

Socioeconomic factors impacting property prices in KT12 2

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.

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

Household income & employment rates in KT12 2

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for KT12 2’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 KT12 2 property prices too.
The map below displays your sector’s employment rate.

Analysing property values in KT12 2

For flats

In 2021, 47 flats were sold in KT12 2 – an increase/decrease (choose one) of 0.00%% 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 KT12 2 flat was £5555.56 – 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 inKT12 2 (in£) Growth Rate (in %)
2021 £5555.56 -%
2020 £5535.71 -12.8%
2018 £5139.92 -6.1%
2016 £5575.69 -13.4%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a KT12 2 flat was £5535.71. Compared to the latest 2021 figures, the median flat price per square metre changed by -0.89%%.

For houses

In KT12 2 in 2021, we saw 175 houses sold. This represents an an increase of 12.18% 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 KT12 2.

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 KT12 2 into two equal groups. In other words, it indicates that 50% of the houses sold in 2021 went for more than £5769.23.
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 inKT12 2 (in£) Growth Rate (in %)
2021 £5769.23 -%
2020 £5708.13 -0.9%
2018 £5477.55 3.3%
2016 £5535.49 2.2%

Understanding the table – example with 2018: In 2018, the median house price per square metre in KT12 2 was £5477.55. Versus the most recent 2021 data, the median house price per square metre increased by 3.29%%.

Important note

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what drives prices up or down. If you’re curious to learn about the many factors impacting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area possesses the knowledge to truly assess your property’s worth, or that dream home you hope to buy. They’re at the forefront of supply and demand there.

Looking to buy or sell your property in KT12 2?

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

To initiate our property price guide, we want to summarise how costs are distributed in KT12 2 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.

For other types of property

KT12 2 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.

Property related factors driving the prices up in KT12 2

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.”

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand KT12 2, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in KT12 2, this may provide insight on opportunities.

Total floor area distribution for KT12 2 houses

Total Floor area distribution for flats in KT12 2

Total Floor area distribution for other property types in KT12 2

Consider buying or selling in South London? Go with Jukes!

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  • More than 25 years of experience combined
  • We help you focus on your objective (investment, 1st time buy)

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