Navigating property values in KT24 6

Learn all about South London with our property guides

South London is increasingly attractive for renters, first time home buyers, and real estate investors. At Jukes, our goal is to study how property values have shifted over time and offer key recommendations to assist you: sell or acquire a property at the best price.
In this guide we’ll analyse macroeconomic elements driving property prices, and closely examine price fluctuations depending on the type of property you own or hope to purchase.
Note: The data here encompasses 2010 – 2021. We’re updating this model and article with the newest 2023 data.

Predicting KT24 6 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 quickly shift, as it has before.
That’s why we show 14 years of sales data – prices, sizes, and sale dates for KT24 6 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.

Socioeconomic factors influencing property values in KT24 6

Apart from 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 KT24 6

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for KT24 6’s household income level, as it may positively impact selling your property. We can’t exclude the job rate from this socioeconomic analysis either. It directly relates to household income. The data shows a clear link between the employment rate and KT24 6 property prices too.
The map below displays your sector’s job rate.

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.

How KT24 6 compares with nearby postcode sectors

To provide more context on KT24 6, 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
KT24 5 £5516.13 See our analysis on KT24 5 property prices
KT24 6 £5487.55 See our analysis on KT24 6 property prices

Location factors impacting property prices in KT24 6

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 KT24 6 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below. Now that we’ve looked at how the price per square metre in KT24 6 has changed over time, let’s explore elements 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 KT24 6.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your KT24 6 postcode sector is served per the above list in the table below.

Type of amenities Number in KT24 6
NHS Trusts (hospitals) 0
Practioners 14
Pharmacies 2
Schools 4
Shopping centres (within 5mi) 3
Public transports (train or tube stations) 1

Property prices in KT24 6

For flats

In 2021, 2 flats sold in KT24 6 – a/an increase/decrease (choose one) of -33.33%% versus 2020. To better comprehend 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 useful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a KT24 6 flat was £5000.0 – so 50% of flats sold for less.
Check the table below to observe how the median price evolved between 2016 and 2021.

Year Median Sqm Price inKT24 6 (in£) Growth Rate (in %)
2021 £5000 -%
2020 £6302.52 -23.4%
2018 £4568.97 5.7%
2016 £5248.62 -8%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in KT24 6 was £6302.52. Versus the most recent 2021 figures, the median flat price per square metre evolved by 3.10%%.

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 KT24 6?

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

To initiate our property price guide, we want to summarise how costs are distributed in KT24 6 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, KT24 6 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 KT24 6 in 2021, we saw 44 houses sold. This represents an increase of 69.23% in the sales of houses compared to the previous year.

The chart below will help you understand the distribution of these prices and thus can give you an idea of the type and size of houses that were sold in 2021 in KT24 6.

After looking at the price distribution, we can now lean on and have a look at the median price. The median price, simply put, divides the group of houses sold in 2021 in KT24 6 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £6454.58.

This number alone might not bring valuable information unless you compare it to the previous years. Have a look at the table below to see how the median price has evolved: versus the previous year (2020), versus 3 years before (2018) and versus 5 years ago (2016):

Year Median Sqm Price inKT24 6 (in£) Growth Rate (in %)
2021 £6454.58 -%
2020 £5487.55 3.1%
2018 £5583.26 1.3%
2016 £5694.44 -0.6%

How to read this table, example with 2018: in 2018 the median price per square metre in KT24 6 for a house was 5583.26. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 1.33% %.

Property related factors driving the prices up in KT24 6

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp KT24 6, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in KT24 6, this may provide insight on opportunities.

Total floor area distribution for KT24 6 houses

Total Floor area distribution for flats in KT24 6

Total Floor area distribution for other property types in KT24 6

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.”

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

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