Decoding property prices in KT8 1

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.

Property factors increasing prices in KT8 1

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 KT8 1 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 KT8 1

Total Floor area distribution for flats in KT8 1

Total Floor area distribution for other property types in KT8 1

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.”

Location factors impacting property prices in KT8 1

Now that we’ve analysed how the price per square metre in KT8 1 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 1.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your KT8 1 postcode sector is served per the above list in the table below.

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

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 KT8 1, we’ve compiled all upcoming developments from the London mayor’s website into the table below.

Predicting KT8 1 property prices in 2024-2025

At Jukes we have been trying to solve this equation for the past 35 years and let’s be honest, no one has a magic crystal ball and can predict the future prices. The variables included in the prices as you have just read it are simply too many.

With the rise of machine learning and AI the models to predict trends are getting better but they cannot account for external factors yet and the property market can shit pretty quickly as it did in the past.

It is for this reason that we decided not to show any prediction but rather adopted the position of showing the trend over the past 14 years. The chart below shows you all the property sales that happened in KT8 1, their price, the floor area of the property and the date of sale. Additionally, this chart presents you with a trend line showing the average property price for the given year. As you can see there is an upward trend and in our opinion there is no reason that this trend should change as of February 2024. Nonetheless it’s the slope of the curve that may change in the future

Property prices in KT8 1

For houses

In KT8 1 in 2021, there were 48 houses sold. This represents a decrease of -4.00% 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 KT8 1 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 1 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £5614.35.
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 1 (in£) Growth Rate (in %)
2021 £5614.35 -%
2020 £4987.07 13.4%
2018 £4802.95 17.8%
2016 £4557.52 24.1%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a KT8 1 house was £4802.95. Against the newest 2021 data, the median house price per square metre rose by 17.79%%.

Important note

What we are presenting here is a factual analysis of the prices buyers paid. It is not here to give an explanation of what makes the price evolve. If you are interested in finding out more about the factors that impact the value of your property, you can have a look below.

Please also note that only an agent truly nested in your area will have the knowledge to assess the value of your property or the property you want to buy as they are at the forefront of the demand and the supply.

Looking to buy or sell your property in KT8 1?

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

For flats

In 2021, 7 flats were sold in KT8 1 – an increase/decrease (choose one) of 40.00%% over 2020. To better understand the price per square metre distribution and sizes/types of flats sold in 2021, we’ve put together the chart below.

While the price distribution provides a helpful snapshot, the median price also gives insight. In 2021, the median price per square metre for a KT8 1 flat was £4758.06 – meaning 50% of flats sold for less.
Refer to the table below to see how the median price changed between 2016 and 2021.

Year Median Sqm Price inKT8 1 (in£) Growth Rate (in %)
2021 £4758.06 -%
2020 £4929.58 -2.1%
2018 £6015.22 -19.7%
2016 £4931.51 -2.1%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a KT8 1 flat was £4929.58. Compared to the latest 2021 figures, the median flat price per square metre changed by 13.44%%.

For other types of property

Beyond houses and flats, KT8 1 has seen some other property types trade hands over the years, though these do not account for a large share 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 that falls into this category, please reach out for additional details and insight. We can provide an accurate valuation tailored to your specific situation. To start our property value guide, we want to summarise how prices are allocated in KT8 1 based on property type. To do this, we’ll inspect 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’s site. We then divide the price by the property’s area.
This gives us the exact price per square metre paid. We group these prices into brackets (£1000-£1500) showing a property sold for a price per square metre between £1000 and £1500.

Socioeconomic factors influencing the price of a property in KT8 1

Household income and employment rates in KT8 1

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for KT8 1’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 KT8 1 property prices.
The map below displays the job rate in your sector. Apart from location, the property market also responds to economic and demographic factors like interest rates, population growth, and average household income.

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.

How KT8 1 compares to nearby postcodes

To help you get a better understanding of the KT8 1 area, we’ve also put together a similar deep dive analysis on the nearby postcode sectors.

Have a quick look at the following table and don’t hesitate to navigate around. You might find interesting opportunities and learnings on 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

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

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  • More than 25 years of experience combined
  • We help you focus on your objective (investment, 1st time buy)

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