Decoding property prices in KT8 2

View from an alley way in South London showing terraced houses

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.

Predicting KT8 2 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 2, 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

Location factors impacting property prices in KT8 2

Now that we’ve looked at how the price per square metre in KT8 2 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

Closeness to public amenities

Whilst the size of the garden and number of rooms meet buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in KT8 2.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your KT8 2 postcode sector is served per the above list in the table below.

Type of amenities Number in KT8 2
NHS Trusts (hospitals) 0
Practioners 2
Pharmacies 3
Schools 8
Shopping centres (within 5mi) 9
Public transports (train or tube stations) 0

Future developments in KT8 2

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more potential residents, raising demand. To see if this impacts KT8 2 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

Socioeconomic factors impacting property prices in KT8 2

Household income and job rates in KT8 2

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for KT8 2’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 2 property prices.
The map below displays the job rate in your sector. Beyond 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 capacity. At the same time, with fewer prospective buyers, potential sellers may hesitate to list for fear of lower prices.

Deciphering property prices in KT8 2

Important note

What we’ve outlined here is an objective analysis of real prices paid – not an explanation of what impacts prices. If you want to learn about the many factors affecting your property’s value, see the information below.
And remember, only an agent deeply embedded in your local area has the knowledge to accurately assess your property’s worth, 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 KT8 2?

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 KT8 2 in 2021, there were 112 houses sold. This represents an increase of 24.44% 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 2 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 2 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £5946.17.
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 2 (in£) Growth Rate (in %)
2021 £5946.17 -%
2020 £5668.7 -0.2%
2018 £5061.43 11.8%
2016 £5181.82 9.2%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a KT8 2 house was £5061.43. Against the newest 2021 data, the median house price per square metre rose by 11.78%%.

For other types of property

Beyond houses and flats, KT8 2 has seen other property types trade hands over the years, though these make up a small portion 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 contact us for additional insight and details. We can provide an accurate, tailored valuation.

For flats

In 2021, 14 flats sold in KT8 2 – a/an increase/decrease (choose one) of 100.00%% 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 KT8 2 flat was £4706.22. 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 inKT8 2 (in£) Growth Rate (in %)
2021 £4706.22 -%
2020 £4590.16 5.2%
2018 £4545.45 6.2%
2016 £4687.5 3%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in KT8 2 was £4590.16. Compared to the newest 2021 figures, the median flat price per square metre evolved by -0.20%%. To kick off our property value guide, we aim to give a summary of how prices are spread in KT8 2 by property type. To accomplish this, we’ll analyse the price per square metre to evaluate the distribution. We determine the price per square metre by accessing the price paid data from the Government’s site. We then divide the price by the property’s square footage.
This provides the precise price per square metre paid. We group these prices into ranges (£1000-£1500) indicating a property sold for a price per square metre within £1000 to £1500.

Property elements driving price increases in KT8 2

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

Clearly, floor area impacts the price you’ll sell or pay. To better grasp KT8 2, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in KT8 2, this may provide insight on opportunities.

Total floor area distribution for KT8 2 houses

Total Floor area distribution for flats in KT8 2

Total Floor area distribution for other property types in KT8 2

Comparing KT8 2 with nearby postcodes

To provide more KT8 2 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
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!

  • 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 *