Decoding property prices in SE15 1

Learn all about South London with our property guides

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.

Forecasting SE15 1 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 SE15 1 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 SE15 1

Interest rates

In the last 5 years, Britain’s economic conditions have drastically shifted. Between 2019 and 2024, the Bank of England raised interest rates multiple times to address growing inflation and cool an economy recovering from post-covid measures.
Higher interest rates directly impact the property market by affecting buyers’ borrowing capacity. At the same time, with fewer prospective buyers, potential sellers may hesitate to list for fear of lower prices.

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 SE15 1

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for SE15 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 SE15 1 property prices.
The map below displays the job rate in your sector.

How SE15 1 compares with nearby postcode sectors

To provide more SE15 1 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 info for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
SE15 1 £6171.72 See our analysis on SE15 1 property prices
SE15 2 £6720.37 See our analysis on SE15 2 property prices
SE15 3 £7156.73 See our analysis on SE15 3 property prices
SE15 4 £8761.49 See our analysis on SE15 4 property prices
SE15 5 £7707.06 See our analysis on SE15 5 property prices
SE15 6 £6159.42 See our analysis on SE15 6 property prices

Location factors impacting property prices in SE15 1

Now that we’ve analysed how the price per square metre in SE15 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 SE15 1.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your SE15 1 postcode sector is served per the above list in the table below.

Type of amenities Number in SE15 1
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 0
Schools 6
Shopping centres (within 5mi) 22
Public transports (train or tube stations) 0

Future developments around

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more residents, raising demand. To see if this impacts SE15 1 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Property factors driving price rises in SE15 1

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.”

Property sizes

Clearly, floor area impacts the price you’ll sell or pay for. To better understand SE15 1, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE15 1, this may provide insight into opportunities.

Total floor area distribution for SE15 1 houses

Total Floor area distribution for flats in SE15 1

Total Floor area distribution for other property types in SE15 1

Examining property prices in SE15 1

A quick note

What we’ve presented here is an objective analysis of real prices paid – not an explanation of what makes prices rise or fall. If you want to learn about the many factors impacting your property’s value, see the information below.
And remember, only an agent deeply rooted in your local area has the knowledge to truly assess your property’s value, or that dream home you hope to acquire. They’re on the front lines of supply and demand there.

Looking to buy or sell your property in SE15 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 other types of property

In addition to houses and flats, SE15 1 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 houses

In SE15 1 in 2021, there were 5 houses sold. This represents a decrease of -50.00% 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 SE15 1 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 SE15 1 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £7065.22. 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 inSE15 1 (in£) Growth Rate (in %)
2021 £7065.22 -%
2020 £6171.72 -8.3%
2018 £5833.33 -3%
2016 £5770.92 -2%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in SE15 1 was £5833.33. Compared to 2021 data, the median house price per square metre rose by -3.01%%.

For flats

In 2021, 11 flats sold in SE15 1 – a/an increase/decrease (choose one) of 0.00%% 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 SE15 1 flat was £5714.29. 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 inSE15 1 (in£) Growth Rate (in %)
2021 £5714.29 -%
2020 £5378.79 -10.2%
2018 £4838.71 -0.2%
2016 £4824.56 0.1%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE15 1 was £5378.79. Compared to the newest 2021 figures, the median flat price per square metre evolved by -8.33%%. To kick off our property value guide, we aim to give a summary of how prices are spread in SE15 1 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.

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