Property values in KT16 8: What you need to know

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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.

Location factors affecting property prices in KT16 8

Now that we’ve reviewed how the price per square metre in KT16 8 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

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 KT16 8.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your KT16 8 postcode sector is served per the above list in the table below.

Type of amenities Number in KT16 8
NHS Trusts (hospitals) 0
Practioners 25
Pharmacies 2
Schools 6
Shopping centres (within 5mi) 7
Public transports (train or tube stations) 0

Future developments in KT16 8

An area’s popularity can be gauged by the number of ongoing or planned developments. More housing in an area means more people are able to live there, increasing demand. To check if this impacts properties you may buy or sell in KT16 8, we’ve compiled all upcoming developments from the London mayor’s website into the table below.

Predicting KT16 8 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 KT16 8 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.

Socioeconomic factors influencing property values in KT16 8

Household income and job rates in KT16 8

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for KT16 8’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 KT16 8 property prices too.
The map below displays your sector’s employment rate.

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.

Comparing KT16 8 with nearby postcodes

To provide more KT16 8 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 learnings for 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

Property elements driving price increases in KT16 8

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp KT16 8, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in KT16 8, this may provide insight on opportunities.

Total floor area distribution for KT16 8 houses

Total Floor area distribution for flats in KT16 8

Total Floor area distribution for other property types in KT16 8

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 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.”

Examining property prices in KT16 8

A note of importance

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 8?

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

For flats

In 2021, 45 flats were sold in KT16 8 – an increase/decrease (choose one) of 7.14%% 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 KT16 8 flat was £3953.49 – 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 inKT16 8 (in£) Growth Rate (in %)
2021 £3953.49 -%
2020 £4291.67 12.5%
2018 £4349.75 11%
2016 £4150 16.3%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a KT16 8 flat was £4291.67. Compared to the latest 2021 figures, the median flat price per square metre changed by 18.48%%.

For houses

In KT16 8 in 2021, we saw 80 houses sold. This represents an increase of 35.59% 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 KT16 8.

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 KT16 8 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £5081.85.

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 inKT16 8 (in£) Growth Rate (in %)
2021 £5081.85 -%
2020 £4775.28 18.5%
2018 £4861.11 16.4%
2016 £4507.77 25.5%

How to read this table, example with 2018: in 2018 the median price per square metre in KT16 8 for a house was 4861.11. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 16.38% %.

To kick off our property value guide, we aim to give a summary of how prices are spread in KT16 8 by property type. To accomplish this, we’ll analyse the price per square metre to evaluate the distribution. We determine the price per square metre by accessing the price paid data from the Government’s site. We then divide the price by the property’s square footage.
This provides the precise price per square metre paid. We group these prices into ranges (£1000-£1500) indicating a property sold for a price per square metre within £1000 to £1500.

For other types of property

KT16 8 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.

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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