Property values in KT16 9: What you need to know

The busy South London stations

As a popular destination for renters, first time purchasers, and real estate investors, South London has seen appreciable growth. At Jukes, we aim to delve into how property values have changed over the years and provide essential tips to help you: sell or buy a home at an optimal value.
In this guide we’ll study macroeconomic factors impacting property prices, and carefully inspect price variations based on the type of property you own or plan to obtain.
Note: The data in this piece includes 2010 – 2021. We’re enhancing this model and article with the most current 2023 information.

Location elements influencing property values in KT16 9

Future developments in KT16 9

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 9, we’ve compiled all upcoming developments 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 9 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.

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 KT16 9.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your KT16 9 postcode sector is served per the above list in the table below.

Type of amenities Number in KT16 9
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 1
Schools 9
Shopping centres (within 5mi) 7
Public transports (train or tube stations) 1

Comparing KT16 9 with nearby postcodes

To provide more context on KT16 9, we’ve done similar in-depth analysis 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
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

So how property prices will evolve in KT16 9 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 9 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.

Property values in KT16 9

For flats

In 2021, 23 flats were sold in KT16 9 – an increase/decrease (choose one) of -4.17%% over 2020.
To better grasp the price per square metre distribution and sizes/types of flats sold in 2021, we’ve assembled the chart below.

While the price distribution gives a helpful snapshot, the median price also provides insight. In 2021, the median price per square metre for a KT16 9 flat was £4500.0 – meaning 50% of flats sold for less than this. See the table below to view how the median price changed between 2016 and 2021.

Year Median Sqm Price inKT16 9 (in£) Growth Rate (in %)
2021 £4500 -%
2020 £4646.64 3.9%
2018 £4863.93 -0.7%
2016 £4545.45 6.2%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a KT16 9 flat was £4646.64. Versus 2021 figures, the median flat price per square metre changed by 16.17%%. To kick off our property value guide, we aim to give a summary of how prices are spread in KT16 9 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.

Important note

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what impacts prices. If you want to learn about the many factors affecting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area has the knowledge to truly assess your property’s value, 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 KT16 9?

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 9 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.

For houses

In KT16 9 in 2021, we saw 85 houses sold. This represents an an increase of 66.67% 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 KT16 9.

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 KT16 9 into two equal groups. In other words, it indicates that 50% of the houses sold in 2021 went for more than £5056.82.
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 inKT16 9 (in£) Growth Rate (in %)
2021 £5056.82 -%
2020 £4870.13 16.2%
2018 £4741.38 19.3%
2016 £4381.54 29.1%

Understanding the table – example with 2018: In 2018, the median house price per square metre in KT16 9 was £4741.38. Versus the most recent 2021 data, the median house price per square metre increased by 19.32%%.

Property related factors driving the prices up in KT16 9

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.”

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp KT16 9, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in KT16 9, this may provide insight on opportunities.

Total floor area distribution for KT16 9 houses

Total Floor area distribution for flats in KT16 9

Total Floor area distribution for other property types in KT16 9

Socioeconomic factors influencing the price of a property in KT16 9

Household income & employment rates in KT16 9

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 9 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 9 too.
The map below displays the employment rate in your sector. Apart from location, the property market also reacts to economic and demographic factors like interest rates, population growth, and average household income.

Interest rates

Over the past 5 years the economic conditions in Great Britain have drastically changed. Between 2019 and 2024 the Bank of England raised its interest rate multiple times to face a growing inflation and cool down an economy that was recovering from post-covid measures.

Interest rates have a direct impact on the property market as it will impact the capacity for potential buyers to borrow money. At the same time, with less prospective buyers, potential sellers are less likely to sell amid the fear of selling for a lower price.

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)

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