Property prices in SE15 2: A closer look

The busy South London stations

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 related factors driving the prices up in SE15 2

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 SE15 2 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 SE15 2

Total Floor area distribution for flats in SE15 2

Total Floor area distribution for other property types in SE15 2

Property features & built form

Features like built form, number of rooms, bathrooms etc. significantly impact price – more and newer features mean higher prices.
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.”

Comparing SE15 2 with nearby postcodes

To provide more SE15 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
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

Property prices in SE15 2

For other types of property

SE15 2 has seen other types of properties being sold over the years but these do not represent a large proportion of the properties sold in 2021. We’ve gathered these properties in the chart above to show you how the price per square metre is distributed for these properties.

If the property you are looking to buy or sell falls into this category, feel free to reach out to us for more details and information. We will be able to provide you with an accurate valuation.

To kick off our property value guide, we aim to give a summary of how prices are spread in SE15 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.

For houses

In SE15 2 in 2021, there were 45 houses sold. This represents an increase of 32.35% 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 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 SE15 2 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £7524.75. 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 2 (in£) Growth Rate (in %)
2021 £7524.75 -%
2020 £6720.37 -15.8%
2018 £6105.26 -7.3%
2016 £6135.35 -7.8%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in SE15 2 was £6105.26. Compared to 2021 data, the median house price per square metre rose by -7.33%%.

For flats

In 2021, 149 flats sold in SE15 2 – a/an increase/decrease (choose one) of 46.08%% versus 2020. To better comprehend 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 useful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a SE15 2 flat was £6851.61 – so 50% of flats sold for less.
Check the table below to observe how the median price evolved between 2016 and 2021.

Year Median Sqm Price inSE15 2 (in£) Growth Rate (in %)
2021 £6851.61 -%
2020 £7664.19 -37%
2018 £6671.08 -27.6%
2016 £6423.9 -24.8%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE15 2 was £7664.19. Versus the most recent 2021 figures, the median flat price per square metre evolved by -15.82%%.

To keep in mind

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what drives prices up or down. If you’re curious to learn about the many factors impacting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area possesses the knowledge to truly assess your property’s worth, or that dream home you hope to buy. They’re at the forefront of supply and demand there.

Looking to buy or sell your property in SE15 2?

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

Socioeconomic factors influencing the price of a property in SE15 2

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.

Household income & employment rates in SE15 2

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for SE15 2’s household income level, as it may positively impact selling your property. We can’t exclude the job rate from this socioeconomic analysis either. It directly relates to household income. The data shows a clear link between the employment rate and SE15 2 property prices too.
The map below displays your sector’s job rate. Apart from location, the property market also reacts to economic and demographic factors like interest rates, population growth, and average household income.

Location factors impacting property prices in SE15 2

Closeness to public amenities

While the size of the garden or number of rooms align with buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in SE15 2.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your SE15 2 postcode sector is served per the above list in the table below.

Type of amenities Number in SE15 2
NHS Trusts (hospitals) 0
Practioners 18
Pharmacies 0
Schools 7
Shopping centres (within 5mi) 22
Public transports (train or tube stations) 1

Now that we’ve analysed how the price per square metre in SE15 2 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Future developments around

An area’s popularity can be gauged by its number of planned or in-progress developments. More housing means more residents, increasing demand. To see if this impacts SE15 2 properties you may buy or sell, we’ve gathered all upcoming developments from the London mayor’s website into the table below.

So how property prices will evolve in SE15 2 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 factors 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 quickly shift, as it has before.
That’s why we show 14 years of sales data – prices, sizes, and sale dates for SE15 2 properties. The chart also displays a yearly average price trendline. As you can see, an upward trajectory that in our view won’t change as of February 2024. Though the curve’s slope may shift ahead.

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)

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