Property values in KT9 2: What you need to know

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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.

Analysing property values in KT9 2

For other types of property

In addition to houses and flats, KT9 2 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. To begin our property price guide, we want to provide an overview of how costs are distributed in KT9 2 based on property type. To do this, we’ll examine 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 site. We then divide the price by the property’s floor area.
This gives us the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) showing a property was sold at a price per square metre between £1000 and £1500.

For flats

In 2021, 24 flats sold in KT9 2 – a/an increase/decrease (choose one) of 118.18%% 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 KT9 2 flat was £4605.0. 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 inKT9 2 (in£) Growth Rate (in %)
2021 £4605 -%
2020 £5000 -3.4%
2018 £4701.29 2.7%
2016 £4722.89 2.2%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in KT9 2 was £5000.0. Compared to the newest 2021 figures, the median flat price per square metre evolved by 9.72%%.

For houses

In KT9 2 in 2021, there were 126 houses sold. This represents an increase of 5.88% in house sales versus the previous year.
The chart below will assist in comprehending the distribution of these prices, providing insight into the types and sizes of houses sold in KT9 2 in 2021.

After analysing the price distribution, we can focus on the median price. Simply stated, the median price separates the group of houses sold in 2021 in KT9 2 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £5524.34. This number alone may not provide much value unless compared to prior years. Refer to the table below to observe how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years ago):

Year Median Sqm Price inKT9 2 (in£) Growth Rate (in %)
2021 £5524.34 -%
2020 £5156.25 9.7%
2018 £5231.98 8.1%
2016 £4835.44 17%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in KT9 2 was £5231.98. Compared to 2021 data, the median house price per square metre rose by 8.13%%.

A note of importance

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what impacts prices. If you want to learn about the many factors affecting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area has the knowledge to truly assess your property’s value, 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 KT9 2?

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Location factors affecting property prices in KT9 2

Closeness to public amenities

Now that we’ve reviewed how the price per square metre in KT9 2 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 KT9 2.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your KT9 2 postcode sector is served per the above list in the table below.

Type of amenities Number in KT9 2
NHS Trusts (hospitals) 0
Practioners 24
Pharmacies 1
Schools 8
Shopping centres (within 5mi) 5
Public transports (train or tube stations) 2

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 KT9 2, we’ve compiled all upcoming developments from the London mayor’s website into the table below.

Now that we had a look at how the price per square metre in KT9 2 has changed over time let’s dig a little deeper in the factors that impact the price of the property you are looking to buy or sell.

Property elements driving price increases in KT9 2

Property sizes

Clearly, floor area impacts the price you’ll sell or pay for. To better understand KT9 2, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in KT9 2, this may provide insight into opportunities.

Total floor area distribution for KT9 2 houses

Total Floor area distribution for flats in KT9 2

Total Floor area distribution for other property types in KT9 2

Property features & built form

Features like built form, number of rooms, bathrooms etc. greatly affect price – more features mean higher prices. Recent features also increase value.
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.”

Comparing KT9 2 with nearby postcodes

To help you get a better understanding of the KT9 2 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
KT9 1 £4999.5 See our analysis on KT9 1 property prices
KT9 2 £5156.25 See our analysis on KT9 2 property prices

Socioeconomic factors impacting property prices in KT9 2

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.

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 KT9 2

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 KT9 2 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 KT9 2, we see a clear correlation with the employment rate as well.

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

Predicting KT9 2 property prices in 2024-2025

At Jukes we’ve tried deciphering this puzzle for 35 years – honestly, no magic crystal ball accurately forecasts future prices. Too many elements drive costs, as you’ve read.
AI and machine learning are enhancing 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 KT9 2 properties. The chart also displays a yearly average price trendline. As you can see, an upward trajectory that in our opinion won’t change as of February 2024. Though the curve’s slope may shift ahead.

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