Decoding property prices in KT15 2

A woman cycling in a South London park

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.

Forecasting KT15 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 KT15 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 elements influencing property values in KT15 2

Proximity to public amenities

While the size of the garden or number of rooms align with buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in KT15 2.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your KT15 2 postcode sector is served per the above list in the table below.

Type of amenities Number in KT15 2
NHS Trusts (hospitals) 0
Practioners 24
Pharmacies 4
Schools 7
Shopping centres (within 5mi) 5
Public transports (train or tube stations) 1

Future developments in KT15 2

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

Now that we’ve analysed how the price per square metre in KT15 2 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

How KT15 2 compares to nearby postcodes

To help you get a better understanding of the KT15 2 area, we’ve also put together a similar deep dive analysis on the nearby postcode sectors.

Have a quick look at the following table and don’t hesitate to navigate around. You might find interesting opportunities and learnings on 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

Socioeconomic factors impacting property values in KT15 2

Household income and employment rates in KT15 2

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for KT15 2’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 KT15 2 property prices too.
The map below displays your sector’s job rate.

After talking about location based factors, we can now focus on factors apparently not related directly to the property itself. Indeed, it’s well known that the property market reacts to economic & demographic signals such as the interest rates, the population growth but also the average household income of the area.

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.

Examining property prices in KT15 2

For houses

In KT15 2 in 2021, we saw 106 houses sold. This represents an increase of 76.67% 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 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 KT15 2 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £4859.97.

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 2 (in£) Growth Rate (in %)
2021 £4859.97 -%
2020 £4590.11 23.3%
2018 £4489.8 26%
2016 £4243.76 33.3%

How to read this table, example with 2018: in 2018 the median price per square metre in KT15 2 for a house was 4489.8. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 26.01% %.

A noteworthy notice

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 KT15 2?

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

For other types of property

KT15 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.

To start our property value guide, we want to summarise how prices are allocated in KT15 2 based on property type. To do this, we’ll inspect 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’s site. We then divide the price by the property’s area.
This gives us the exact price per square metre paid. We group these prices into brackets (£1000-£1500) showing a property sold for a price per square metre between £1000 and £1500.

For flats

In 2021, 38 flats were sold in KT15 2 – an increase/decrease (choose one) of -50.65%% 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 KT15 2 flat was £4278.96 – 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 inKT15 2 (in£) Growth Rate (in %)
2021 £4278.96 -%
2020 £4785 0.9%
2018 £4775.37 1.1%
2016 £4806.76 0.4%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a KT15 2 flat was £4785.0. Compared to the latest 2021 figures, the median flat price per square metre changed by 23.25%%.

Property factors driving price rises in KT15 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

Obviously when looking at buying the floor area of the property has a direct impact on the price you’ll be selling at or paying for. In order to get a clearer picture of KT15 2 we have come up with the following charts showing the distribution of properties depending on their total floor area.

Total Floor area distribution for houses in KT15 2

Total Floor area distribution for flats in KT15 2

Total Floor area distribution for other property types in KT15 2

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 *