Property values in KT7 0: What you need to know

The busy South London stations

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 elements driving price increases in KT7 0

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp KT7 0, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in KT7 0, this may provide insight on opportunities.

Total floor area distribution for KT7 0 houses

Total Floor area distribution for flats in KT7 0

Total Floor area distribution for other property types in KT7 0

Property features & built form

Features like built form, number of rooms, bathrooms etc. significantly impact price – the more features, the higher the price. Recent features also boost value.
For built form, we consider:

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.”

Socioeconomic factors impacting property values in KT7 0

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 employment rates in KT7 0

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 KT7 0 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 KT7 0, we see a clear correlation with the employment rate as well.

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

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.

Examining property prices in KT7 0

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 KT7 0?

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 KT7 0 in 2021, there were 116 houses sold. This represents an increase of 17.17% 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 KT7 0 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 KT7 0 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £6809.28.
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 inKT7 0 (in£) Growth Rate (in %)
2021 £6809.28 -%
2020 £6758.24 -16.3%
2018 £6896.55 -18%
2016 £6538.51 -13.5%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a KT7 0 house was £6896.55. Against the newest 2021 data, the median house price per square metre rose by -17.97%%.

For other types of property

In addition to houses and flats, KT7 0 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. To initiate our property price guide, we want to summarise how costs are distributed in KT7 0 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.

For flats

In 2021, 39 flats sold in KT7 0 – a/an increase/decrease (choose one) of 39.29%% versus 2020. To better comprehend 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 useful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a KT7 0 flat was £6282.05 – so 50% of flats sold for less.
Check the table below to observe how the median price evolved between 2016 and 2021.

Year Median Sqm Price inKT7 0 (in£) Growth Rate (in %)
2021 £6282.05 -%
2020 £5844.79 -17.4%
2018 £6409.84 -24.7%
2016 £5845.07 -17.4%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in KT7 0 was £5844.79. Versus the most recent 2021 figures, the median flat price per square metre evolved by -16.29%%.

Comparing KT7 0 with nearby postcodes

To provide more KT7 0 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
KT7 0 £6758.24 See our analysis on KT7 0 property prices

So how property prices will evolve in KT7 0 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 KT7 0 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.

Location factors impacting property prices in KT7 0

Now that we’ve analysed how the price per square metre in KT7 0 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Future developments nearby

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 KT7 0, we’ve compiled all upcoming developments from the London mayor’s website into the table below.

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 KT7 0 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 (KT7 0) is served according to the above list

Type of amenities Number in KT7 0
NHS Trusts (hospitals) 0
Practioners 8
Pharmacies 2
Schools 8
Shopping centres (within 5mi) 5
Public transports (train or tube stations) 1

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 *