Decoding property prices in KT16 0

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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.

So how property prices will evolve in KT16 0 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 factors 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 KT16 0 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.

Deciphering property prices in KT16 0

To initiate our property price guide, we want to summarise how costs are distributed in KT16 0 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 houses

In KT16 0 in 2021, there were 52 houses sold. This represents an increase of 26.83% in house sales versus the prior year.
The chart below will assist in understanding the distribution of these prices, providing insight into the types and sizes of houses sold in KT16 0 in 2021.

After analysing the price distribution, we can examine the median price. Put simply, the median price splits the group of houses sold in 2021 in KT16 0 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £5141.53.
This number alone may not be very informative unless compared to previous years. Refer to the table below to see how the median price has changed: versus 2020, versus 2018 (3 years prior), and versus 2016 (5 years ago):

Year Median Sqm Price inKT16 0 (in£) Growth Rate (in %)
2021 £5141.53 -%
2020 £4927.54 14.8%
2018 £4826.37 17.2%
2016 £4440 27.4%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a KT16 0 house was £4826.37. Against the newest 2021 data, the median house price per square metre rose by 17.22%%.

For flats

In KT16 0 in 2021, 11 flats were sold. Compared to 2020, this is an increase of 83.33%%.

To better understand how the price per square metre is distributed and give you an idea of the size and types of flats sold in 2021, we have put together the chart below.

Looking at the price distribution is a great way to get a snapshot of how flats are distributed but it is now interesting to have a look at the median price. In 2021, the median price per square metre for a flat in KT16 0 was £4347.11£. This means that when we look at the data, 50% of the flats sold in KT16 0 were sold for less than that.

Have a look at the table below to get an idea of how the median price has changed between 2016 and 2021

Year Median Sqm Price inKT16 0 (in£) Growth Rate (in %)
2021 £4347.11 -%
2020 £4528.86 6.6%
2018 £4690.43 2.9%
2016 £4784.31 0.9%

How to read this table, example with 2020: in 2020 the median price per square metre in KT16 0 for a flat was 4528.86. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 14.81% %.

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 KT16 0?

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

In addition to houses and flats, KT16 0 has seen some other property types change hands over the years, though these represent a small portion 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 in this group, please contact us for more details and insight. We’re happy to provide an accurate, tailored valuation.

Socioeconomic factors influencing the price of a property in KT16 0

Household income & employment rates in KT16 0

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 KT16 0 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 KT16 0 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.

Interest rates

In the last 5 years, Britain’s economic conditions have dramatically shifted. Between 2019 and 2024, the Bank of England increased interest rates multiple times to address growing inflation and cool an economy recovering from post-covid measures.
Higher interest rates directly affect the property market by impacting buyers’ borrowing ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

Comparing KT16 0 with nearby postcodes

To help you get a better understanding of the KT16 0 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
KT16 0 £4927.54 See our analysis on KT16 0 property prices
KT16 8 £4775.28 See our analysis on KT16 8 property prices
KT16 9 £4870.13 See our analysis on KT16 9 property prices

Location factors impacting property prices in KT16 0

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 KT16 0.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your KT16 0 postcode sector is served per the above list in the table below.

Type of amenities Number in KT16 0
NHS Trusts (hospitals) 1
Practioners 15
Pharmacies 2
Schools 7
Shopping centres (within 5mi) 7
Public transports (train or tube stations) 0

Future developments around

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 KT16 0 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

Now that we had a look at how the price per square metre in KT16 0 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.

Property factors increasing prices in KT16 0

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand KT16 0, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in KT16 0, this may provide insight on opportunities.

Total floor area distribution for KT16 0 houses

Total Floor area distribution for flats in KT16 0

Total Floor area distribution for other property types in KT16 0

Property features & built form

When it comes to features we usually include the built form but also the number of rooms, bathrooms etc. The more features a property has, and the recency of these features will significantly impact the price.

Also, when we talk about built forms we usually have the following list in mind:

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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