A guide to property prices in KT15 1

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.

Comparing KT15 1 with nearby postcodes

To provide more KT15 1 insight, we’ve done similar in-depth analysis on nearby postcode sectors too.
Review the table below and feel free to navigate around. You may uncover interesting opportunities and learnings for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
KT15 1 £4754.81 See our analysis on KT15 1 property prices
KT15 2 £4590.11 See our analysis on KT15 2 property prices
KT15 3 £4913.76 See our analysis on KT15 3 property prices

Property values in KT15 1

For flats

In 2021, 23 flats sold in KT15 1 – a/an increase/decrease (choose one) of -17.86%% 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 KT15 1 flat was £4285.71. 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 inKT15 1 (in£) Growth Rate (in %)
2021 £4285.71 -%
2020 £4494.9 7.4%
2018 £4474.29 7.9%
2016 £4703.57 2.6%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in KT15 1 was £4494.9. Compared to the newest 2021 figures, the median flat price per square metre evolved by 18.99%%.

For houses

In KT15 1 in 2021, we saw 137 houses sold. This represents an increase of 29.25% 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 KT15 1.

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 KT15 1 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £4972.6.

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 inKT15 1 (in£) Growth Rate (in %)
2021 £4972.6 -%
2020 £4754.81 19%
2018 £4611.11 22.7%
2016 £4247.42 33.2%

How to read this table, example with 2018: in 2018 the median price per square metre in KT15 1 for a house was 4611.11. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 22.69% %.

For other types of property

Beyond houses and flats, KT15 1 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.

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 KT15 1?

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 KT15 1 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.

Property elements driving price increases in KT15 1

Property features & built form

Features like built form, number of rooms, bathrooms etc. significantly impact price – more and newer features mean higher prices.
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 KT15 1, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in KT15 1, this may provide insight on opportunities.

Total floor area distribution for KT15 1 houses

Total Floor area distribution for flats in KT15 1

Total Floor area distribution for other property types in KT15 1

Socioeconomic factors influencing the price of a property in KT15 1

Household income and employment rates in KT15 1

Another factor determining the price of a property will be the average household income in the area. There is a positive correlation between the price growth in an area where the average household income increases.

Check out below where the household income in KT15 1 is as it may have a positive impact on the sale of your property.

As part of this socioeconomic analysis, we cannot forget to mention the employment rate. This is because it is also directly related to the household income we just mentioned. When looking at the data and trying to understand the correlation between the different factors and the price of a property in KT15 1, we see a clear correlation with the employment rate as well.

The map below shows you 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.

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.

So how property prices will evolve in KT15 1 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 quickly shift, as it has before.
That’s why we show 14 years of sales data – prices, sizes, and sale dates for KT15 1 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.

Location factors impacting property prices in KT15 1

Now that we’ve analysed how the price per square metre in KT15 1 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Closeness to public amenities

Whilst the size of the garden and number of rooms meet buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in KT15 1.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your KT15 1 postcode sector is served per the above list in the table below.

Type of amenities Number in KT15 1
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 0
Schools 10
Shopping centres (within 5mi) 5
Public transports (train or tube stations) 0

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 KT15 1 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

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

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  • More than 25 years of experience combined
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