Navigating property values in KT8 0

The arty side of South London

South London is increasingly attractive for renters, first time home buyers, and real estate investors. At Jukes, our goal is to study how property values have shifted over time and offer key recommendations to assist you: sell or acquire a property at the best price.
In this guide we’ll analyse macroeconomic elements driving property prices, and closely examine price fluctuations depending on the type of property you own or hope to purchase.
Note: The data here encompasses 2010 – 2021. We’re updating this model and article with the newest 2023 data.

Predicting KT8 0 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 KT8 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.

Socioeconomic factors impacting property values in KT8 0

Interest rates

Over the past 5 years the economic conditions in Great Britain have drastically changed. Between 2019 and 2024 the Bank of England raised its interest rate multiple times to face a growing inflation and cool down an economy that was recovering from post-covid measures.

Interest rates have a direct impact on the property market as it will impact the capacity for potential buyers to borrow money. At the same time, with less prospective buyers, potential sellers are less likely to sell amid the fear of selling for a lower price.

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

Household income and employment rates in KT8 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 KT8 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 KT8 0, we see a clear correlation with the employment rate as well.

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

Property factors driving price rises in KT8 0

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand KT8 0, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in KT8 0, this may provide insight on opportunities.

Total floor area distribution for KT8 0 houses

Total Floor area distribution for flats in KT8 0

Total Floor area distribution for other property types in KT8 0

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.”

Examining property prices in KT8 0

For houses

In KT8 0 in 2021, there were 47 houses sold. This represents an increase of 80.77% 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 KT8 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 KT8 0 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £7262.66.
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 inKT8 0 (in£) Growth Rate (in %)
2021 £7262.66 -%
2020 £6670.65 -15.2%
2018 £6328.67 -10.6%
2016 £6862.96 -17.6%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a KT8 0 house was £6328.67. Against the newest 2021 data, the median house price per square metre rose by -10.60%%.

First to start our property price guide we want to give an overview of how prices are distributed in KT8 0 on the type of property. To do so, we will look at the price per square metre to assess the distribution. To create the charts, we are calculating the price per square metre by getting the price paid data from the Government website. Then we divide the price by the surface area of the property.

Once this is done, it gives us the exact price per square metre paid and we finally categorise these prices into buckets (£1000-£1500) indicating that a given property has been sold with a price per square metre oscillating 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 KT8 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 other types of property

In addition to houses and flats, KT8 0 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.

For flats

In KT8 0 in 2021, 6 flats were sold. Compared to 2020, this is a decrease of -25.00%%.

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 KT8 0 was £5249.51£. This means that when we look at the data, 50% of the flats sold in KT8 0 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 inKT8 0 (in£) Growth Rate (in %)
2021 £5249.51 -%
2020 £4052.06 19.1%
2018 £5793.65 -16.7%
2016 £5868.9 -17.7%

How to read this table, example with 2020: in 2020 the median price per square metre in KT8 0 for a flat was 4052.06. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by -15.19% %.

How KT8 0 compares to nearby postcodes

To provide more context on KT8 0, we’ve done similar in-depth analysis 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
KT8 0 £6670.65 See our analysis on KT8 0 property prices
KT8 1 £4987.07 See our analysis on KT8 1 property prices
KT8 2 £5668.7 See our analysis on KT8 2 property prices
KT8 9 £6898.67 See our analysis on KT8 9 property prices

Location based factors in KT8 0 impacting the price of your property

Now that we’ve analysed how the price per square metre in KT8 0 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Proximity to public amenities

While garden size and number of rooms meet buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s worth in KT8 0.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your KT8 0 postcode sector is served per the above list in the table below.

Type of amenities Number in KT8 0
NHS Trusts (hospitals) 0
Practioners 42
Pharmacies 2
Schools 1
Shopping centres (within 5mi) 9
Public transports (train or tube stations) 0

Future developments nearby

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 KT8 0 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

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 *