A guide to property prices in KT23 4

A view of South London terraced houses and their chimneys

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.

Comparing KT23 4 with nearby postcodes

To provide more KT23 4 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
KT23 3 £5343.32 See our analysis on KT23 3 property prices
KT23 4 £5287.98 See our analysis on KT23 4 property prices

Property values in KT23 4

For other types of property

Beyond houses and flats, KT23 4 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.

For houses

In KT23 4 in 2021, there were 86 houses sold. This represents an increase of 28.36% in house sales compared to the previous year.
The chart below will help understand the distribution of these prices, giving insight into the types and sizes of houses sold in 2021 in KT23 4.

After reviewing the price distribution, we can examine the median price. Simply put, the median price separates the group of houses sold in 2021 in KT23 4 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £5535.98. This number alone may not provide much value unless compared to previous years. See the table below to observe how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years prior):

Year Median Sqm Price inKT23 4 (in£) Growth Rate (in %)
2021 £5535.98 -%
2020 £5287.98 7%
2018 £5294.12 6.9%
2016 £5140.85 10.1%

Understanding the table – example with 2018: In 2018, the median house price per square metre in KT23 4 was £5294.12. Compared to the latest 2021 data, the median house price per square metre increased by 6.86%%. To kick off our property value guide, we aim to give a summary of how prices are spread in KT23 4 by property type. To accomplish this, we’ll analyse the price per square metre to evaluate the distribution. We determine the price per square metre by accessing the price paid data from the Government’s site. We then divide the price by the property’s square footage.
This provides the precise price per square metre paid. We group these prices into ranges (£1000-£1500) indicating a property sold for a price per square metre within £1000 to £1500.

To keep in mind

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 KT23 4?

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 KT23 4 in 2021, 0 flats were sold. Compared to 2020, this is a decrease of -100.00%%.

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 KT23 4 was £0.0£. This means that when we look at the data, 50% of the flats sold in KT23 4 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 inKT23 4 (in£) Growth Rate (in %)
2021 £0 -%
2020 £4653.06 3.8%
2018 £5520.83 -12.6%
2016 £4396.55 9.8%

How to read this table, example with 2020: in 2020 the median price per square metre in KT23 4 for a flat was 4653.06. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 6.99% %.

Socioeconomic factors impacting property prices in KT23 4

Interest rates

In the last 5 years, Britain’s economic conditions have drastically shifted. 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 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 job rates in KT23 4

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 KT23 4 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 KT23 4, we see a clear correlation with the employment rate as well.

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

Location elements influencing property values in KT23 4

Now that we’ve analysed how the price per square metre in KT23 4 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Closeness to public amenities

While the size of the garden or number of rooms align with buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in KT23 4.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your KT23 4 postcode sector is served per the above list in the table below.

Type of amenities Number in KT23 4
NHS Trusts (hospitals) 0
Practioners 16
Pharmacies 2
Schools 6
Shopping centres (within 5mi) 3
Public transports (train or tube stations) 0

Future developments nearby

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 KT23 4 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

Property elements driving price increases in KT23 4

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp KT23 4, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in KT23 4, this may provide insight on opportunities.

Total floor area distribution for KT23 4 houses

Total Floor area distribution for flats in KT23 4

Total Floor area distribution for other property types in KT23 4

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.”

Predicting KT23 4 property prices in 2024-2025

At Jukes we have been trying to solve this equation for the past 35 years and let’s be honest, no one has a magic crystal ball and can predict the future prices. The variables included in the prices as you have just read it are simply too many.

With the rise of machine learning and AI the models to predict trends are getting better but they cannot account for external factors yet and the property market can shit pretty quickly as it did in the past.

It is for this reason that we decided not to show any prediction but rather adopted the position of showing the trend over the past 14 years. The chart below shows you all the property sales that happened in KT23 4, their price, the floor area of the property and the date of sale. Additionally, this chart presents you with a trend line showing the average property price for the given year. As you can see there is an upward trend and in our opinion there is no reason that this trend should change as of February 2024. Nonetheless it’s the slope of the curve that may change in the future

Consider buying or selling in South London? Go with Jukes!

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  • More than 25 years of experience combined
  • We help you focus on your objective (investment, 1st time buy)

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