Navigating property values in SE15 6

A woman cycling in a South London park

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.

Socioeconomic factors impacting property values in SE15 6

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 ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

Apart from location, the property market also reacts to economic and demographic factors like interest rates, population growth, and average household income.

Household income and employment rates in SE15 6

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for SE15 6’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 6 property prices.
The map below displays the job rate in your sector.

Property factors driving price rises in SE15 6

Property sizes

Clearly, floor area impacts the price you’ll sell or pay for. To better understand SE15 6, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE15 6, this may provide insight into opportunities.

Total floor area distribution for SE15 6 houses

Total Floor area distribution for flats in SE15 6

Total Floor area distribution for other property types in SE15 6

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 prices in SE15 6

To kick off our property value guide, we aim to give a summary of how prices are spread in SE15 6 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 flats

In SE15 6 in 2021, 40 flats were sold. Compared to 2020, this is an increase of 17.65%%.

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 SE15 6 was £6408.73£. This means that when we look at the data, 50% of the flats sold in SE15 6 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 inSE15 6 (in£) Growth Rate (in %)
2021 £6408.73 -%
2020 £6030.34 -19.9%
2018 £6294.73 -23.3%
2016 £5909.09 -18.3%

How to read this table, example with 2020: in 2020 the median price per square metre in SE15 6 for a flat was 6030.34. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by -8.15% %.

For other types of property

Beyond houses and flats, SE15 6 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 houses

In SE15 6 in 2021, there were 3 houses sold. This represents a decrease of 0.00% 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 6 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 6 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £4866.67. 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 6 (in£) Growth Rate (in %)
2021 £4866.67 -%
2020 £6159.42 -8.1%
2018 £5721.15 -1.1%
2016 £5323.28 6.3%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in SE15 6 was £5721.15. Compared to 2021 data, the median house price per square metre rose by -1.11%%.

Important note

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 6?

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

Comparing SE15 6 with nearby postcodes

To provide more SE15 6 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

Predicting SE15 6 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 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 6 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.

Location elements influencing property values in SE15 6

Future developments around

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 SE15 6, 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 SE15 6 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.

Closeness to public amenities

One major feature of a property may not necessarily be the size of the garden or the number of rooms. Obviously these correspond to your needs as a buyer, and landlord or a seller. What will truly bring value to your property in SE15 6 will also be its proximity to amenities.

The following ones make a significant impact on the price.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

We have gathered in the following table how your postcode sector (SE15 6) is served according to the above list

Type of amenities Number in SE15 6
NHS Trusts (hospitals) 0
Practioners 4
Pharmacies 0
Schools 10
Shopping centres (within 5mi) 22
Public transports (train or tube stations) 0

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

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