Navigating property values in KT18 7

Learn all about South London with our property guides

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.

Property prices in KT18 7

For houses

In KT18 7 in 2021, there were 58 houses sold. This represents a decrease of -1.69% in house sales versus the prior year.
The chart below will assist in understanding the distribution of these prices, providing insight into the types and sizes of houses sold in KT18 7 in 2021.

After analysing the price distribution, we can examine the median price. Put simply, the median price splits the group of houses sold in 2021 in KT18 7 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £5997.86.
This number alone may not be very informative unless compared to previous years. Refer to the table below to see how the median price has changed: versus 2020, versus 2018 (3 years prior), and versus 2016 (5 years ago):

Year Median Sqm Price inKT18 7 (in£) Growth Rate (in %)
2021 £5997.86 -%
2020 £5699.3 -0.7%
2018 £5500 2.9%
2016 £5487.33 3.1%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a KT18 7 house was £5500.0. Against the newest 2021 data, the median house price per square metre rose by 2.86%%.

For flats

In 2021, 22 flats were sold in KT18 7 – an increase/decrease (choose one) of 29.41%% 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 KT18 7 flat was £5247.62 – 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 inKT18 7 (in£) Growth Rate (in %)
2021 £5247.62 -%
2020 £4620.69 4.5%
2018 £4928.57 -2%
2016 £6444.45 -25.1%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a KT18 7 flat was £4620.69. Versus 2021 figures, the median flat price per square metre changed by -0.73%%.

For other types of property

In addition to houses and flats, KT18 7 has seen other property types change hands over the years, though these represent a small share 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 get in touch for more details and perspective. We’re happy to provide a tailored, accurate valuation.

To keep in mind

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.

Looking to buy or sell your property in KT18 7?

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To start our property value guide, we want to summarise how prices are allocated in KT18 7 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.

Socioeconomic factors impacting property prices in KT18 7

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.

Household income and employment rates in KT18 7

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 KT18 7 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 KT18 7 too.
The map below displays the employment rate in your sector.

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.

Location based factors in KT18 7 impacting the price of your property

Future developments nearby

An area’s popularity can be gauged by its number of planned or in-progress developments. More housing means more residents, increasing demand. To see if this impacts KT18 7 properties you may buy or sell, we’ve gathered all upcoming developments from the London mayor’s website into the table below. Now that we’ve looked at how the price per square metre in KT18 7 has changed over time, let’s explore elements impacting the value 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 KT18 7.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your KT18 7 postcode sector is served per the above list in the table below.

Type of amenities Number in KT18 7
NHS Trusts (hospitals) 0
Practioners 20
Pharmacies 0
Schools 8
Shopping centres (within 5mi) 2
Public transports (train or tube stations) 0

Comparing KT18 7 with nearby postcodes

To provide more KT18 7 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
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 increasing prices in KT18 7

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp KT18 7, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in KT18 7, this may provide insight on opportunities.

Total floor area distribution for KT18 7 houses

Total Floor area distribution for flats in KT18 7

Total Floor area distribution for other property types in KT18 7

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 consider:

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.”

So how property prices will evolve in KT18 7 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 factors 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 KT18 7 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.

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