Decoding property prices in KT2 5

A woman cycling in a South London park

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 related factors driving the prices up in KT2 5

Property features & built form

Features like built form, number of rooms, bathrooms etc. greatly affect price – more features mean higher prices. Recent features also increase value.
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.”

Property sizes

Clearly, floor area impacts the price you’ll sell or pay for. To better understand KT2 5, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in KT2 5, this may provide insight into opportunities.

Total floor area distribution for KT2 5 houses

Total Floor area distribution for flats in KT2 5

Total Floor area distribution for other property types in KT2 5

Location elements influencing property values in KT2 5

Proximity to public amenities

While garden size and number of rooms meet buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s worth in KT2 5.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your KT2 5 postcode sector is served per the above list in the table below.

Type of amenities Number in KT2 5
NHS Trusts (hospitals) 0
Practioners 33
Pharmacies 5
Schools 12
Shopping centres (within 5mi) 11
Public transports (train or tube stations) 0

Future developments around

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 KT2 5, we’ve compiled all upcoming developments from the London mayor’s website into the table below. Now that we’ve analysed how the price per square metre in KT2 5 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Predicting KT2 5 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 KT2 5, 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

Comparing KT2 5 with nearby postcodes

To help you get a better understanding of the KT2 5 area, we’ve also put together a similar deep dive analysis on the nearby postcode sectors.

Have a quick look at the following table and don’t hesitate to navigate around. You might find interesting opportunities and learnings on these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
KT2 5 £7597.4 See our analysis on KT2 5 property prices
KT2 6 £7366.95 See our analysis on KT2 6 property prices
KT2 7 £6975.97 See our analysis on KT2 7 property prices

Socioeconomic factors influencing property values in KT2 5

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 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.

Household income and job rates in KT2 5

Another price determiner is the area’s average household income. Prices tend to rise in areas where household incomes are increasing. See below where household income in the KT2 5 stands, as it may positively impact selling your property. We can’t omit the employment rate from this socioeconomic analysis either. It directly relates to the household income we just covered. The data shows a clear link between the employment rate and property prices in KT2 5 too.
The map below displays the employment rate in your sector.

Analysing property values in KT2 5

A noteworthy notice

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 KT2 5?

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 KT2 5 in 2021, there were 133 houses sold. This represents an increase of 64.20% 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 KT2 5 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 KT2 5 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £7952.38.
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 inKT2 5 (in£) Growth Rate (in %)
2021 £7952.38 -%
2020 £7597.4 -25.5%
2018 £7407.99 -23.6%
2016 £7120.34 -20.5%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a KT2 5 house was £7407.99. Against the newest 2021 data, the median house price per square metre rose by -23.63%%.

First to start our property price guide we want to give an overview of how prices are distributed in KT2 5 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, KT2 5 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.

For flats

In 2021, 64 flats were sold in KT2 5 – an increase/decrease (choose one) of 0.00%% 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 KT2 5 flat was £6688.48 – 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 inKT2 5 (in£) Growth Rate (in %)
2021 £6688.48 -%
2020 £6866.99 -29.7%
2018 £7982.05 -39.5%
2016 £7155.17 -32.5%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a KT2 5 flat was £6866.99. Compared to the latest 2021 figures, the median flat price per square metre changed by -25.53%%.

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 *