Property values in KT2 7: What you need to know

View from an alley way in South London showing terraced houses

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.

Analysing property values in KT2 7

For flats

In KT2 7 in 2021, 39 flats were sold. Compared to 2020, this is an increase of 14.71%%.

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 KT2 7 was £5416.67£. This means that when we look at the data, 50% of the flats sold in KT2 7 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 inKT2 7 (in£) Growth Rate (in %)
2021 £5416.67 -%
2020 £5186.55 -6.9%
2018 £5110.54 -5.5%
2016 £5465.12 -11.7%

How to read this table, example with 2020: in 2020 the median price per square metre in KT2 7 for a flat was 5186.55. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by -18.90% %.

To kick off our property value guide, we aim to give a summary of how prices are spread in KT2 7 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.

For houses

In KT2 7 in 2021, we saw 31 houses sold. This represents an increase of 29.17% 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 KT2 7.

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 KT2 7 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £7085.02.

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 inKT2 7 (in£) Growth Rate (in %)
2021 £7085.02 -%
2020 £6975.97 -18.9%
2018 £6338.86 -10.7%
2016 £6182.8 -8.5%

How to read this table, example with 2018: in 2018 the median price per square metre in KT2 7 for a house was 6338.86. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by -10.75% %.

A note of importance

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what impacts prices. If you want to learn about the many factors affecting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area has the knowledge to truly assess your property’s value, 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 KT2 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 other types of property

Beyond houses and flats, KT2 7 has seen other property types trade hands over the years, though these make up a small portion 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 contact us for additional insight and details. We can provide an accurate, tailored valuation.

Socioeconomic factors influencing the price of a property in KT2 7

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

Household income and job rates in KT2 7

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for KT2 7’s household income level, as it may positively influence selling your property. We can’t exclude the employment rate from this socioeconomic analysis. It directly relates to household income. The data shows a clear correlation between the job rate and KT2 7 property prices too.
The map below displays your sector’s employment rate.

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.

Property related factors driving the prices up in KT2 7

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp KT2 7, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in KT2 7, this may provide insight on opportunities.

Total floor area distribution for KT2 7 houses

Total Floor area distribution for flats in KT2 7

Total Floor area distribution for other property types in KT2 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.”

Comparing KT2 7 with nearby postcodes

To provide more KT2 7 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 learnings for 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

Predicting KT2 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 KT2 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.

Location factors affecting property prices in KT2 7

Now that we’ve reviewed how the price per square metre in KT2 7 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Proximity to public amenities

One major feature of a property may not necessarily be the size of the garden or the number of rooms. Obviously these correspond to your needs as a buyer, and landlord or a seller. What will truly bring value to your property in KT2 7 will also be its proximity to amenities.

The following ones make a significant impact on the price.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

We have gathered in the following table how your postcode sector (KT2 7) is served according to the above list

Type of amenities Number in KT2 7
NHS Trusts (hospitals) 1
Practioners 25
Pharmacies 0
Schools 9
Shopping centres (within 5mi) 11
Public transports (train or tube stations) 1

Future developments around the neighbourhood

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more residents, raising demand. To see if this impacts KT2 7 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

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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