Property values in KT20 7: What you need to know

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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.

Property factors driving price rises in KT20 7

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp KT20 7, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in KT20 7, this may provide insight on opportunities.

Total floor area distribution for KT20 7 houses

Total Floor area distribution for flats in KT20 7

Total Floor area distribution for other property types in KT20 7

Property features & built form

When it comes to features we usually include the built form but also the number of rooms, bathrooms etc. The more features a property has, and the recency of these features will significantly impact the price.

Also, when we talk about built forms we usually have the following list in mind:

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 prices in KT20 7

For flats

In 2021, 6 flats were sold in KT20 7 – an increase/decrease (choose one) of 20.00%% 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 KT20 7 flat was £4856.28 – 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 inKT20 7 (in£) Growth Rate (in %)
2021 £4856.28 -%
2020 £5322.58 -9.3%
2018 £4937.28 -2.2%
2016 £4460.77 8.2%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a KT20 7 flat was £5322.58. Versus 2021 figures, the median flat price per square metre changed by 8.88%%.

For houses

In KT20 7 in 2021, we saw 50 houses sold. This represents an an increase of 2.04% 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 KT20 7.

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 KT20 7 into two equal groups. In other words, it indicates that 50% of the houses sold in 2021 went for more than £5292.87.
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 inKT20 7 (in£) Growth Rate (in %)
2021 £5292.87 -%
2020 £5196.09 8.9%
2018 £5251.98 7.7%
2016 £4982.15 13.6%

Understanding the table – example with 2018: In 2018, the median house price per square metre in KT20 7 was £5251.98. Versus the most recent 2021 data, the median house price per square metre increased by 7.72%%. To initiate our property price guide, we want to summarise how costs are distributed in KT20 7 by property type. To accomplish this, we’ll examine the price per square metre to evaluate the breakdown. We determine the price per square metre by accessing the price paid data from the Government’s website. We then divide the price by the property’s size.
This provides the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) indicating a property was sold for a price per square metre falling between £1000 and £1500.

For other types of property

Beyond houses and flats, KT20 7 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.

A noteworthy notice

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 KT20 7?

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Socioeconomic factors influencing the price of a property in KT20 7

Household income and employment rates in KT20 7

Another factor determining the price of a property will be the average household income in the area. There is a positive correlation between the price growth in an area where the average household income increases.

Check out below where the household income in KT20 7 is as it may have a positive impact on the sale of your property.

As part of this socioeconomic analysis, we cannot forget to mention the employment rate. This is because it is also directly related to the household income we just mentioned. When looking at the data and trying to understand the correlation between the different factors and the price of a property in KT20 7, we see a clear correlation with the employment rate as well.

The map below shows you the employment rate in your sector.

Apart from 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 dramatically shifted. Between 2019 and 2024, the Bank of England increased interest rates multiple times to address growing inflation and cool an economy recovering from post-covid measures.
Higher interest rates directly affect the property market by impacting buyers’ borrowing capacity. At the same time, with fewer prospective buyers, potential sellers may hesitate to list for fear of lower prices.

Comparing KT20 7 with nearby postcodes

To provide more KT20 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 learnings for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
KT20 5 £4915.73 See our analysis on KT20 5 property prices
KT20 6 £5084.87 See our analysis on KT20 6 property prices
KT20 7 £5196.09 See our analysis on KT20 7 property prices

Location factors affecting property prices in KT20 7

Future developments nearby

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 KT20 7 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Now that we had a look at how the price per square metre in KT20 7 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

Now that we’ve reviewed how the price per square metre in KT20 7 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Closeness to public amenities

Whilst the size of the garden and number of rooms suit buyers’ and sellers’ needs, proximity to conveniences also enhances a property’s value in KT20 7.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your KT20 7 postcode sector is served per the above list in the table below.

Type of amenities Number in KT20 7
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 1
Schools 6
Shopping centres (within 5mi) 5
Public transports (train or tube stations) 0

Forecasting KT20 7 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 KT20 7 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)

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