A guide to property prices in KT5 8

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.

Deciphering property prices in KT5 8

For houses

In KT5 8 in 2021, there were 90 houses sold. This represents an increase of 95.65% 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 KT5 8.

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 KT5 8 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £6714.1. 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 inKT5 8 (in£) Growth Rate (in %)
2021 £6714.1 -%
2020 £6532.63 -13.4%
2018 £6621.62 -14.6%
2016 £6250 -9.5%

Understanding the table – example with 2018: In 2018, the median house price per square metre in KT5 8 was £6621.62. Compared to the latest 2021 data, the median house price per square metre increased by -14.56%%.

For other types of property

In addition to houses and flats, KT5 8 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. To begin our property price guide, we want to provide an overview of how costs are distributed in KT5 8 based on property type. To do this, we’ll examine the price per square metre to assess the breakdown. We calculate the price per square metre by obtaining the price paid data from the Government site. We then divide the price by the property’s floor area.
This gives us the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) showing a property was sold at a price per square metre between £1000 and £1500.

For flats

In 2021, 59 flats sold in KT5 8 – a/an increase/decrease (choose one) of 25.53%% versus 2020. To better grasp 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 helpful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a KT5 8 flat was £6140.35. This means 50% of flats sold for less than this.
See the table below to observe how the median price changed from 2016 to 2021.

Year Median Sqm Price inKT5 8 (in£) Growth Rate (in %)
2021 £6140.35 -%
2020 £6555.56 -26.4%
2018 £6314.16 -23.5%
2016 £6609.28 -27%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in KT5 8 was £6555.56. Compared to the newest 2021 figures, the median flat price per square metre evolved by -13.40%%.

To keep in mind

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 KT5 8?

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Socioeconomic factors impacting property prices in KT5 8

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 KT5 8

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for KT5 8’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 KT5 8 property prices too.
The map below displays your sector’s job rate. Apart from location, the property market also reacts to economic and demographic factors like interest rates, population growth, and average household income.

Property related factors driving the prices up in KT5 8

Property features & built form

When it comes to features we usually include the built form but also the number of rooms, bathrooms etc. The more features a property has, and the recency of these features will significantly impact the price.

Also, when we talk about built forms we usually have the following list in mind:

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

Obviously when looking at buying the floor area of the property has a direct impact on the price you’ll be selling at or paying for. In order to get a clearer picture of KT5 8 we have come up with the following charts showing the distribution of properties depending on their total floor area.

Total Floor area distribution for houses in KT5 8

Total Floor area distribution for flats in KT5 8

Total Floor area distribution for other property types in KT5 8

Comparing KT5 8 with nearby postcodes

To provide more KT5 8 insight, we’ve done similar in-depth analysis on nearby postcode sectors too.
Review the table below and feel free to navigate around. You may uncover interesting opportunities and learnings for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
KT5 8 £6532.63 See our analysis on KT5 8 property prices
KT5 9 £5620.44 See our analysis on KT5 9 property prices

Predicting KT5 8 property prices in 2024-2025

At Jukes we’ve tried deciphering this puzzle for 35 years – honestly, no magic crystal ball accurately forecasts future prices. Too many elements drive costs, as you’ve read.
AI and machine learning are enhancing 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 KT5 8 properties. The chart also displays a yearly average price trendline. As you can see, an upward trajectory that in our opinion won’t change as of February 2024. Though the curve’s slope may shift ahead.

Location factors affecting property prices in KT5 8

Future developments around

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 KT5 8 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below. Now that we’ve analysed how the price per square metre in KT5 8 has changed over time, let’s delve into factors influencing 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 KT5 8.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your KT5 8 postcode sector is served per the above list in the table below.

Type of amenities Number in KT5 8
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 0
Schools 3
Shopping centres (within 5mi) 8
Public transports (train or tube stations) 0

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