Decoding property prices in KT18 5

A view of South London terraced houses and their chimneys

South London is increasingly attractive for renters, first time home buyers, and real estate investors. At Jukes, our goal is to study how property values have shifted over time and offer key recommendations to assist you: sell or acquire a property at the best price.
In this guide we’ll analyse macroeconomic elements driving property prices, and closely examine price fluctuations depending on the type of property you own or hope to purchase.
Note: The data here encompasses 2010 – 2021. We’re updating this model and article with the newest 2023 data.

Comparing KT18 5 with nearby postcodes

To provide more context on KT18 5, 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
KT18 5 £5061.36 See our analysis on KT18 5 property prices
KT18 6 £5176.47 See our analysis on KT18 6 property prices
KT18 7 £5699.3 See our analysis on KT18 7 property prices

Property factors driving price rises in KT18 5

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 the floor area impacts the price you’ll sell or pay for. To better understand KT18 5, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in KT18 5, this may provide insight on opportunities.

Total floor area distribution for KT18 5 houses

Total Floor area distribution for flats in KT18 5

Total Floor area distribution for other property types in KT18 5

Property values in KT18 5

For other types of property

KT18 5 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.

To start our property value guide, we want to summarise how prices are allocated in KT18 5 based on property type. To do this, we’ll inspect 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’s site. We then divide the price by the property’s area.
This gives us the exact price per square metre paid. We group these prices into brackets (£1000-£1500) showing a property sold for a price per square metre between £1000 and £1500.

For houses

In KT18 5 in 2021, we saw 78 houses sold. This represents an increase of 8.33% 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 KT18 5.

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 KT18 5 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £5386.85.

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 inKT18 5 (in£) Growth Rate (in %)
2021 £5386.85 -%
2020 £5061.36 11.8%
2018 £4951.69 14.3%
2016 £4935.9 14.6%

How to read this table, example with 2018: in 2018 the median price per square metre in KT18 5 for a house was 4951.69. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 14.25% %.

To keep in mind

What we’ve presented here is an objective analysis of real prices paid – not an explanation of what makes prices rise or fall. If you want to learn about the many factors impacting your property’s value, see the information below.
And remember, only an agent deeply rooted in your local area has the knowledge to truly assess your property’s value, or that dream home you hope to acquire. They’re on the front lines of supply and demand there.

Looking to buy or sell your property in KT18 5?

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 KT18 5 in 2021, 25 flats were sold. Compared to 2020, this is an increase of 8.70%%.

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 KT18 5 was £4632.35£. This means that when we look at the data, 50% of the flats sold in KT18 5 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 inKT18 5 (in£) Growth Rate (in %)
2021 £4632.35 -%
2020 £4693.55 2.9%
2018 £4640.99 4%
2016 £4484.38 7.7%

How to read this table, example with 2020: in 2020 the median price per square metre in KT18 5 for a flat was 4693.55. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 11.78% %.

Location based factors in KT18 5 impacting the price of your property

Closeness to public amenities

One major feature of a property may not necessarily be the size of the garden or the number of rooms. Obviously these correspond to your needs as a buyer, and landlord or a seller. What will truly bring value to your property in KT18 5 will also be its proximity to amenities.

The following ones make a significant impact on the price.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

We have gathered in the following table how your postcode sector (KT18 5) is served according to the above list

Type of amenities Number in KT18 5
NHS Trusts (hospitals) 0
Practioners 23
Pharmacies 4
Schools 7
Shopping centres (within 5mi) 2
Public transports (train or tube stations) 1

Future developments around

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 KT18 5 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below. Now that we’ve looked at how the price per square metre in KT18 5 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

Socioeconomic factors impacting property prices in KT18 5

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 KT18 5

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for KT18 5’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 KT18 5 property prices.
The map below displays the job rate in your sector. Beyond location, the property market also responds to economic and demographic factors like interest rates, population growth, and average household income.

Forecasting KT18 5 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 shift quickly, as it has in the past.
That’s why we show 14 years of sales data – prices, floor areas, and sale dates for KT18 5 properties. The chart also displays an average price trendline yearly. As you can see, an upward trajectory that in our view won’t change as of February 2024. But the curve’s slope may shift going forward.

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)

Leave a Reply

Your email address will not be published. Required fields are marked *