Decoding property prices in SE12 9

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.

How SE12 9 compares with nearby postcode sectors

To provide more SE12 9 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 learnings for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
SE12 0 £5172.41 See our analysis on SE12 0 property prices
SE12 8 £6049.35 See our analysis on SE12 8 property prices
SE12 9 £5021.28 See our analysis on SE12 9 property prices

Examining property prices in SE12 9

For houses

In SE12 9 in 2021, there were 70 houses sold. This represents an increase of 11.11% in house sales compared to the previous year.
The chart below will help understand the distribution of these prices, giving insight into the types and sizes of houses sold in 2021 in SE12 9.

After reviewing the price distribution, we can examine the median price. Simply put, the median price separates the group of houses sold in 2021 in SE12 9 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £5283.76. This number alone may not provide much value unless compared to previous years. See the table below to observe how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years prior):

Year Median Sqm Price inSE12 9 (in£) Growth Rate (in %)
2021 £5283.76 -%
2020 £5021.28 12.7%
2018 £4801.14 17.8%
2016 £4629.63 22.2%

Understanding the table – example with 2018: In 2018, the median house price per square metre in SE12 9 was £4801.14. Compared to the latest 2021 data, the median house price per square metre increased by 17.84%%.

For other types of property

In addition to houses and flats, SE12 9 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.

For flats

In SE12 9 in 2021, 39 flats were sold. Compared to 2020, this is an increase of 62.50%%.

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 SE12 9 was £4475.0£. This means that when we look at the data, 50% of the flats sold in SE12 9 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 inSE12 9 (in£) Growth Rate (in %)
2021 £4475 -%
2020 £4441.39 8.7%
2018 £4824.56 0.1%
2016 £4384.62 10.1%

How to read this table, example with 2020: in 2020 the median price per square metre in SE12 9 for a flat was 4441.39. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 12.67% %.

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 SE12 9?

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

First to start our property price guide we want to give an overview of how prices are distributed in SE12 9 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.

Socioeconomic factors impacting property values in SE12 9

Household income & employment rates in SE12 9

Another price determiner is the area’s average household income. Prices tend to rise in areas where household incomes are increasing. See below where household income in the SE12 9 stands, as it may positively impact selling your property. We can’t omit the employment rate from this socioeconomic analysis either. It directly relates to the household income we just covered. The data shows a clear link between the employment rate and property prices in SE12 9 too.
The map below displays the employment 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

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.

Predicting SE12 9 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 SE12 9 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 SE12 9

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 SE12 9, we’ve compiled all upcoming developments from the London mayor’s website into the table below. Now that we’ve analysed how the price per square metre in SE12 9 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Proximity to public amenities

Now that we’ve reviewed how the price per square metre in SE12 9 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 SE12 9.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your SE12 9 postcode sector is served per the above list in the table below.

Type of amenities Number in SE12 9
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 1
Schools 5
Shopping centres (within 5mi) 16
Public transports (train or tube stations) 1

Property related factors driving the prices up in SE12 9

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 SE12 9 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 SE12 9

Total Floor area distribution for flats in SE12 9

Total Floor area distribution for other property types in SE12 9

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.”

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

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