Decoding property prices in KT17 2

A map showing London. Learn more about the city's property market with our guide

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.

Deciphering property prices in KT17 2

For houses

In KT17 2 in 2021, we saw 79 houses sold. This represents an increase of 5.33% 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 KT17 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 KT17 2 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £5596.59.

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 inKT17 2 (in£) Growth Rate (in %)
2021 £5596.59 -%
2020 £5344.83 5.9%
2018 £5308.22 6.6%
2016 £5119.05 10.5%

How to read this table, example with 2018: in 2018 the median price per square metre in KT17 2 for a house was 5308.22. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 6.58% %.

A note of importance

What we are presenting here is a factual analysis of the prices buyers paid. It is not here to give an explanation of what makes the price evolve. If you are interested in finding out more about the factors that impact the value of your property, you can have a look below.

Please also note that only an agent truly nested in your area will have the knowledge to assess the value of your property or the property you want to buy as they are at the forefront of the demand and the supply.

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For flats

In 2021, 11 flats were sold in KT17 2 – an increase/decrease (choose one) of 57.14%% 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 KT17 2 flat was £5277.78 – 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 inKT17 2 (in£) Growth Rate (in %)
2021 £5277.78 -%
2020 £4848.48 -0.4%
2018 £4034.58 19.7%
2016 £4526.25 6.7%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a KT17 2 flat was £4848.48. Versus 2021 figures, the median flat price per square metre changed by 5.85%%. To begin our property price guide, we want to provide an overview of how costs are distributed in KT17 2 based on property type. To do this, we’ll examine 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 site. We then divide the price by the property’s floor area.
This gives us the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) showing a property was sold at a price per square metre between £1000 and £1500.

For other types of property

Beyond houses and flats, KT17 2 has seen some other property types trade hands over the years, though these do not account for a large share 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 that falls into this category, please reach out for additional details and insight. We can provide an accurate valuation tailored to your specific situation.

Comparing KT17 2 with nearby postcodes

To provide more KT17 2 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 info 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

Forecasting KT17 2 property prices 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 variables 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 KT17 2 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.

Socioeconomic factors impacting property prices in KT17 2

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 dramatically changed. 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 ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

Household income & employment rates in KT17 2

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for KT17 2’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 KT17 2 property prices too.
The map below displays your sector’s employment rate.

Location factors affecting property prices in KT17 2

Future developments in KT17 2

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more residents, raising demand. To see if this impacts KT17 2 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Now that we had a look at how the price per square metre in KT17 2 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.

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 KT17 2.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your KT17 2 postcode sector is served per the above list in the table below.

Type of amenities Number in KT17 2
NHS Trusts (hospitals) 0
Practioners 8
Pharmacies 2
Schools 6
Shopping centres (within 5mi) 5
Public transports (train or tube stations) 1

Property elements driving price increases in KT17 2

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand KT17 2, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in KT17 2, this may provide insight on opportunities.

Total floor area distribution for KT17 2 houses

Total Floor area distribution for flats in KT17 2

Total Floor area distribution for other property types in KT17 2

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.”

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