A guide to property prices in KT6 5

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South London has seen major growth as a popular location for renters, first time buyers, and real estate investors. Here at Jukes, we want to analyse how property prices have changed over time and provide key insights to help you: sell or purchase a home at the optimal price.
In this guide we’ll examine macroeconomic factors impacting property values, and take a close look at price changes depending on the type of home you own or plan to acquire.
Note: The data in this article covers 2010 – 2021. We’re working to enhance this model and article with the most up-to-date 2023 figures.

Property factors increasing prices in KT6 5

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

Naturally, floor area impacts the price you’ll sell or pay. To better grasp KT6 5, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in KT6 5, this may provide insight on opportunities.

Total floor area distribution for KT6 5 houses

Total Floor area distribution for flats in KT6 5

Total Floor area distribution for other property types in KT6 5

Deciphering property prices in KT6 5

To initiate our property price guide, we want to summarise how costs are distributed in KT6 5 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.

A noteworthy notice

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what drives prices up or down. If you’re curious to learn about the many factors impacting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area possesses the knowledge to truly assess your property’s worth, or that dream home you hope to buy. They’re at the forefront of supply and demand there.

Looking to buy or sell your property in KT6 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 other types of property

KT6 5 has seen other types of properties being sold over the years but these do not represent a large proportion of the properties sold in 2021. We’ve gathered these properties in the chart above to show you how the price per square metre is distributed for these properties.

If the property you are looking to buy or sell falls into this category, feel free to reach out to us for more details and information. We will be able to provide you with an accurate valuation.

For houses

In KT6 5 in 2021, there were 76 houses sold. This represents a decrease of -5.00% 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 KT6 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 KT6 5 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £6824.9.
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 inKT6 5 (in£) Growth Rate (in %)
2021 £6824.9 -%
2020 £6721.52 -15.8%
2018 £6500 -13%
2016 £6587.79 -14.1%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a KT6 5 house was £6500.0. Against the newest 2021 data, the median house price per square metre rose by -12.96%%.

For flats

In 2021, 23 flats were sold in KT6 5 – an increase/decrease (choose one) of -4.17%% over 2020.
To better grasp the price per square metre distribution and sizes/types of flats sold in 2021, we’ve assembled the chart below.

While the price distribution gives a helpful snapshot, the median price also provides insight. In 2021, the median price per square metre for a KT6 5 flat was £5735.29 – meaning 50% of flats sold for less than this. See the table below to view how the median price changed between 2016 and 2021.

Year Median Sqm Price inKT6 5 (in£) Growth Rate (in %)
2021 £5735.29 -%
2020 £5444.21 -11.3%
2018 £6860.47 -29.6%
2016 £5864.36 -17.7%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a KT6 5 flat was £5444.21. Versus 2021 figures, the median flat price per square metre changed by -15.83%%.

Location based factors in KT6 5 impacting the price of your property

Now that we’ve analysed how the price per square metre in KT6 5 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Closeness to public amenities

Now that we’ve reviewed how the price per square metre in KT6 5 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Closeness to public amenities

Whilst the size of the garden and number of rooms suit buyers’ and sellers’ needs, proximity to conveniences also enhances a property’s value in KT6 5.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your KT6 5 postcode sector is served per the above list in the table below.

Type of amenities Number in KT6 5
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 0
Schools 7
Shopping centres (within 5mi) 7
Public transports (train or tube stations) 0

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 KT6 5 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Comparing KT6 5 with nearby postcodes

To provide more KT6 5 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 info for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
KT6 4 £7746.48 See our analysis on KT6 4 property prices
KT6 5 £6721.52 See our analysis on KT6 5 property prices
KT6 6 £6498.77 See our analysis on KT6 6 property prices
KT6 7 £5823.53 See our analysis on KT6 7 property prices

So how property prices will evolve in KT6 5 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 KT6 5 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 impacting property values in KT6 5

After talking about location based factors, we can now focus on factors apparently not related directly to the property itself. Indeed, it’s well known that the property market reacts to economic & demographic signals such as the interest rates, the population growth but also the average household income of the area.

Household income and employment rates in KT6 5

Another factor determining the price of a property will be the average household income in the area. There is a positive correlation between the price growth in an area where the average household income increases.

Check out below where the household income in KT6 5 is as it may have a positive impact on the sale of your property.

As part of this socioeconomic analysis, we cannot forget to mention the employment rate. This is because it is also directly related to the household income we just mentioned. When looking at the data and trying to understand the correlation between the different factors and the price of a property in KT6 5, we see a clear correlation with the employment rate as well.

The map below shows you the employment rate in your sector.

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.

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

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