Navigating property values in KT22 7

The arty side of South London

As a popular destination for renters, first time purchasers, and real estate investors, South London has seen appreciable growth. At Jukes, we aim to delve into how property values have changed over the years and provide essential tips to help you: sell or buy a home at an optimal value.
In this guide we’ll study macroeconomic factors impacting property prices, and carefully inspect price variations based on the type of property you own or plan to obtain.
Note: The data in this piece includes 2010 – 2021. We’re enhancing this model and article with the most current 2023 information.

Location factors impacting property prices in KT22 7

Future developments nearby

An area’s popularity can be gauged by the number of ongoing or planned developments. More housing in an area means more people are able to live there, increasing demand. To check if this impacts properties you may buy or sell in KT22 7, we’ve compiled all upcoming developments 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 KT22 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 KT22 7.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your KT22 7 postcode sector is served per the above list in the table below.

Type of amenities Number in KT22 7
NHS Trusts (hospitals) 1
Practioners 13
Pharmacies 2
Schools 11
Shopping centres (within 5mi) 3
Public transports (train or tube stations) 1

Now that we’ve reviewed how the price per square metre in KT22 7 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Analysing property values in KT22 7

A quick note

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

Looking to buy or sell your property in KT22 7?

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

For houses

In KT22 7 in 2021, there were 88 houses sold. This represents an increase of 49.15% 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 KT22 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 KT22 7 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £5363.76.
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 inKT22 7 (in£) Growth Rate (in %)
2021 £5363.76 -%
2020 £4615.38 22.6%
2018 £5033.56 12.4%
2016 £4579.99 23.5%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a KT22 7 house was £5033.56. Against the newest 2021 data, the median house price per square metre rose by 12.40%%. To initiate our property price guide, we want to summarise how costs are distributed in KT22 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 flats

In 2021, 38 flats were sold in KT22 7 – an increase/decrease (choose one) of -47.95%% over 2020. To better understand the price per square metre distribution and sizes/types of flats sold in 2021, we’ve put together the chart below.

While the price distribution provides a helpful snapshot, the median price also gives insight. In 2021, the median price per square metre for a KT22 7 flat was £4592.38 – meaning 50% of flats sold for less.
Refer to the table below to see how the median price changed between 2016 and 2021.

Year Median Sqm Price inKT22 7 (in£) Growth Rate (in %)
2021 £4592.38 -%
2020 £5400 -10.6%
2018 £4952.83 -2.5%
2016 £4669.33 3.4%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a KT22 7 flat was £5400.0. Compared to the latest 2021 figures, the median flat price per square metre changed by 22.58%%.

For other types of property

In addition to houses and flats, KT22 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.

Comparing KT22 7 with nearby postcodes

To provide more context on KT22 7, 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
KT22 0 £5980.39 See our analysis on KT22 0 property prices
KT22 7 £4615.38 See our analysis on KT22 7 property prices
KT22 8 £5030.49 See our analysis on KT22 8 property prices
KT22 9 £5092.61 See our analysis on KT22 9 property prices

Predicting KT22 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 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 KT22 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.

Property factors increasing prices in KT22 7

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp KT22 7, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in KT22 7, this may provide insight on opportunities.

Total floor area distribution for KT22 7 houses

Total Floor area distribution for flats in KT22 7

Total Floor area distribution for other property types in KT22 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 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.”

Socioeconomic factors influencing the price of a property in KT22 7

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

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

Household income & employment rates in KT22 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 KT22 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 KT22 7, we see a clear correlation with the employment rate as well.

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

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  • We help you focus on your objective (investment, 1st time buy)

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