Decoding property prices in KT21 1

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 factors increasing prices in KT21 1

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp KT21 1, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in KT21 1, this may provide insight on opportunities.

Total floor area distribution for KT21 1 houses

Total Floor area distribution for flats in KT21 1

Total Floor area distribution for other property types in KT21 1

Property features & built form

Features like built form, number of rooms, bathrooms etc. significantly impact price – the more features, the higher the price. Recent features also boost value.
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.”

Comparing KT21 1 with nearby postcodes

To provide more KT21 1 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
KT21 1 £5386.39 See our analysis on KT21 1 property prices
KT21 2 £5510.2 See our analysis on KT21 2 property prices

Examining property prices in KT21 1

Important note

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 KT21 1?

Our team at Jukes gives you a valuation in less than 24h or help you find the properties you have been dreaming of

First to start our property price guide we want to give an overview of how prices are distributed in KT21 1 on the type of property. To do so, we will look at the price per square metre to assess the distribution. To create the charts, we are calculating the price per square metre by getting the price paid data from the Government website. Then we divide the price by the surface area of the property.

Once this is done, it gives us the exact price per square metre paid and we finally categorise these prices into buckets (£1000-£1500) indicating that a given property has been sold with a price per square metre oscillating between £1000 and £1500.

For other types of property

In addition to houses and flats, KT21 1 has seen some other property types change hands over the years, though these represent a small portion 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 in this group, please contact us for more details and insight. We’re happy to provide an accurate, tailored valuation.

For flats

In 2021, 3 flats sold in KT21 1 – a/an increase/decrease (choose one) of -40.00%% versus 2020. To better grasp the price per square metre distribution and sizes/types of flats sold in 2021, we’ve created the chart below.

The price distribution provides a helpful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a KT21 1 flat was £4915.25. This means 50% of flats sold for less than this.
See the table below to observe how the median price changed from 2016 to 2021.

Year Median Sqm Price inKT21 1 (in£) Growth Rate (in %)
2021 £4915.25 -%
2020 £4285.71 12.6%
2018 £5810.45 -16.9%
2016 £4946.43 -2.4%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in KT21 1 was £4285.71. Compared to the newest 2021 figures, the median flat price per square metre evolved by 5.03%%.

For houses

In KT21 1 in 2021, we saw 64 houses sold. This represents an an increase of 39.13% 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 KT21 1.

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 KT21 1 into two equal groups. In other words, it indicates that 50% of the houses sold in 2021 went for more than £5574.24.
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 inKT21 1 (in£) Growth Rate (in %)
2021 £5574.24 -%
2020 £5386.39 5%
2018 £5608 0.9%
2016 £5200.27 8.8%

Understanding the table – example with 2018: In 2018, the median house price per square metre in KT21 1 was £5608.0. Versus the most recent 2021 data, the median house price per square metre increased by 0.88%%.

Location factors affecting property prices in KT21 1

Now that we’ve analysed how the price per square metre in KT21 1 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Future developments around

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more potential residents, raising demand. To see if this impacts KT21 1 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

Closeness to public amenities

Now that we’ve reviewed how the price per square metre in KT21 1 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 KT21 1.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your KT21 1 postcode sector is served per the above list in the table below.

Type of amenities Number in KT21 1
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 3
Schools 3
Shopping centres (within 5mi) 3
Public transports (train or tube stations) 0

Socioeconomic factors influencing property values in KT21 1

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.

Beyond location, the property market also responds to economic and demographic factors like interest rates, population growth, and average household income.

Household income and employment rates in KT21 1

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 KT21 1 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 KT21 1, we see a clear correlation with the employment rate as well.

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

So how property prices will evolve in KT21 1 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 KT21 1 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.

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 *