Property values in KT17 1: What you need to know

The arty side of South London

With its increasing appeal among renters, first time buyers, and real estate investors, South London has witnessed significant development. At Jukes, our intention is to analyse how property prices have evolved over time and offer key guidance to assist you: sell or invest in a property at an ideal cost.
In this guide we’ll examine macroeconomic elements influencing property values, and closely inspect price changes based on the type of real estate you own or are looking to acquire.
Note: The data here covers 2010 – 2021. We’re updating this model and guide with the latest 2023 figures.

Analysing property values in KT17 1

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 KT17 1?

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For flats

In KT17 1 in 2021, 40 flats were sold. Compared to 2020, this is a decrease of -4.76%%.

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 KT17 1 was £5178.13£. This means that when we look at the data, 50% of the flats sold in KT17 1 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 inKT17 1 (in£) Growth Rate (in %)
2021 £5178.13 -%
2020 £5074.72 -4.9%
2018 £5555.56 -13.1%
2016 £5491.8 -12.1%

How to read this table, example with 2020: in 2020 the median price per square metre in KT17 1 for a flat was 5074.72. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 3.61% %.

To kick off our property value guide, we aim to give a summary of how prices are spread in KT17 1 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

Beyond houses and flats, KT17 1 has seen other property types trade hands over the years, though these make up a small portion of 2021 sales. We’ve shown the price per square metre distribution for these assorted properties in the chart below.

If you’re aiming to buy or sell a more unique property in this group, please contact us for additional insight and details. We can provide an accurate, tailored valuation.

For houses

In KT17 1 in 2021, there were 51 houses sold. This represents a decrease of -10.53% in house sales compared to the previous year.
The chart below will help understand the distribution of these prices, giving insight into the types and sizes of houses sold in 2021 in KT17 1.

After reviewing the price distribution, we can examine the median price. Simply put, the median price separates the group of houses sold in 2021 in KT17 1 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £5614.64. This number alone may not provide much value unless compared to previous years. See the table below to observe how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years prior):

Year Median Sqm Price inKT17 1 (in£) Growth Rate (in %)
2021 £5614.64 -%
2020 £5460.53 3.6%
2018 £5459.77 3.6%
2016 £5558.63 1.8%

Understanding the table – example with 2018: In 2018, the median house price per square metre in KT17 1 was £5459.77. Compared to the latest 2021 data, the median house price per square metre increased by 3.62%%.

Location factors impacting property prices in KT17 1

Check for future developments

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 KT17 1 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Now that we’ve looked at how the price per square metre in KT17 1 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

Proximity 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 KT17 1.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your KT17 1 postcode sector is served per the above list in the table below.

Type of amenities Number in KT17 1
NHS Trusts (hospitals) 0
Practioners 37
Pharmacies 3
Schools 5
Shopping centres (within 5mi) 5
Public transports (train or tube stations) 2

Predicting KT17 1 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 KT17 1 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.

Comparing KT17 1 with nearby postcodes

To provide more KT17 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
KT17 1 £5460.53 See our analysis on KT17 1 property prices
KT17 2 £5344.83 See our analysis on KT17 2 property prices
KT17 3 £5423.87 See our analysis on KT17 3 property prices
KT17 4 £5868.85 See our analysis on KT17 4 property prices

Socioeconomic factors impacting property prices in KT17 1

Beyond 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 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.

Household income & employment rates in KT17 1

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for KT17 1’s household income level, as it may positively impact selling your property. We can’t exclude the job rate from this socioeconomic analysis. It directly relates to household income. The data also shows a clear correlation between the employment rate and KT17 1 property prices.
The map below displays the job rate in your sector.

Property factors driving price rises in KT17 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 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 KT17 1 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 KT17 1

Total Floor area distribution for flats in KT17 1

Total Floor area distribution for other property types in KT17 1

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