Decoding property prices in KT4 7

A map showing London. Learn more about the city's property market with our guide

With its increasing appeal among renters, first time buyers, and real estate investors, South London has witnessed significant development. At Jukes, our intention is to analyse how property prices have evolved over time and offer key guidance to assist you: sell or invest in a property at an ideal cost.
In this guide we’ll examine macroeconomic elements influencing property values, and closely inspect price changes based on the type of real estate you own or are looking to acquire.
Note: The data here covers 2010 – 2021. We’re updating this model and guide with the latest 2023 figures.

Location factors impacting property prices in KT4 7

Now that we had a look at how the price per square metre in KT4 7 has changed over time let’s dig a little deeper in the factors that impact the price of the property you are looking to buy or sell.

Closeness 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 KT4 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 (KT4 7) is served according to the above list

Type of amenities Number in KT4 7
NHS Trusts (hospitals) 0
Practioners 26
Pharmacies 1
Schools 5
Shopping centres (within 5mi) 10
Public transports (train or tube stations) 1

Future developments around the neighbourhood

The attractivity of an area can be measured partially via the number of ongoing or upcoming developments. Indeed with further housing developments an area is able to welcome more people to live around increasing the demand for the given area. To check if this has an impact on the property you are looking to buy or sell in KT4 7 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Examining property prices in KT4 7

For other types of property

In addition to houses and flats, KT4 7 has seen some other property types change hands over the years, though these represent a small portion 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 in this group, please contact us for more details and insight. We’re happy to provide an accurate, tailored valuation.

For flats

In KT4 7 in 2021, 27 flats were sold. Compared to 2020, this is an increase of 68.75%%.

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 KT4 7 was £5593.22£. This means that when we look at the data, 50% of the flats sold in KT4 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 inKT4 7 (in£) Growth Rate (in %)
2021 £5593.22 -%
2020 £5552.93 -13.1%
2018 £6276.6 -23.1%
2016 £5714.29 -15.5%

How to read this table, example with 2020: in 2020 the median price per square metre in KT4 7 for a flat was 5552.93. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by -1.28% %.

For houses

In KT4 7 in 2021, there were 126 houses sold. This represents an increase of 31.25% 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 KT4 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 KT4 7 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £5936.1.
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 inKT4 7 (in£) Growth Rate (in %)
2021 £5936.1 -%
2020 £5730.9 -1.3%
2018 £5606.62 0.9%
2016 £5294.12 6.9%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a KT4 7 house was £5606.62. Against the newest 2021 data, the median house price per square metre rose by 0.91%%. To kick off our property value guide, we aim to give a summary of how prices are spread in KT4 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.

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 KT4 7?

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

Predicting KT4 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 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 shift quickly, as it has in the past.
That’s why we show 14 years of sales data – prices, floor areas, and sale dates for KT4 7 properties. The chart also displays an average price trendline yearly. As you can see, an upward trajectory that in our view won’t change as of February 2024. But the curve’s slope may shift going forward.

Socioeconomic factors influencing the price of a property in KT4 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 KT4 7

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for KT4 7’s household income level, as it may positively impact selling your property. We can’t exclude the job rate from this socioeconomic analysis. It directly relates to household income. The data also shows a clear correlation between the employment rate and KT4 7 property prices.
The map below displays the job rate in your sector.

Comparing KT4 7 with nearby postcodes

To provide more KT4 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
KT4 7 £5730.9 See our analysis on KT4 7 property prices
KT4 8 £5603.53 See our analysis on KT4 8 property prices

Property factors increasing prices in KT4 7

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 KT4 7, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in KT4 7, this may provide insight into opportunities.

Total floor area distribution for KT4 7 houses

Total Floor area distribution for flats in KT4 7

Total Floor area distribution for other property types in KT4 7

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

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

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