Property values in SE16 5: What you need to know

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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.

So how property prices will evolve in SE16 5 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 SE16 5 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.

Property related factors driving the prices up in SE16 5

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

Naturally, floor area impacts the price you’ll sell or pay. To better grasp SE16 5, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in SE16 5, this may provide insight on opportunities.

Total floor area distribution for SE16 5 houses

Total Floor area distribution for flats in SE16 5

Total Floor area distribution for other property types in SE16 5

Examining property prices in SE16 5

For flats

In SE16 5 in 2021, 65 flats were sold. Compared to 2020, this is an increase of 32.65%%.

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 SE16 5 was £7371.79£. This means that when we look at the data, 50% of the flats sold in SE16 5 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 inSE16 5 (in£) Growth Rate (in %)
2021 £7371.79 -%
2020 £7500 -35.6%
2018 £7282.99 -33.7%
2016 £7282.66 -33.7%

How to read this table, example with 2020: in 2020 the median price per square metre in SE16 5 for a flat was 7500.0. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by -26.02% %.

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 SE16 5?

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

Beyond houses and flats, SE16 5 has seen some other property types trade hands over the years, though these do not account for a large share 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 that falls into this category, please reach out for additional details and insight. We can provide an accurate valuation tailored to your specific situation. To begin our property price guide, we want to provide an overview of how costs are distributed in SE16 5 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 houses

In SE16 5 in 2021, there were 12 houses sold. This represents an increase of 71.43% 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 SE16 5 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 SE16 5 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £8302.34. 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 inSE16 5 (in£) Growth Rate (in %)
2021 £8302.34 -%
2020 £7647.06 -26%
2018 £7252.41 -22%
2016 £6494.14 -12.9%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in SE16 5 was £7252.41. Compared to 2021 data, the median house price per square metre rose by -21.99%%.

Socioeconomic factors influencing property values in SE16 5

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.

Household income & employment rates in SE16 5

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for SE16 5’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 SE16 5 property prices.
The map below displays the job rate in your sector. Beyond location, the property market also responds to economic and demographic factors like interest rates, population growth, and average household income.

Comparing SE16 5 with nearby postcodes

To provide more SE16 5 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
SE16 2 £7880.43 See our analysis on SE16 2 property prices
SE16 3 £6447.69 See our analysis on SE16 3 property prices
SE16 4 £9030.24 See our analysis on SE16 4 property prices
SE16 5 £7647.06 See our analysis on SE16 5 property prices
SE16 6 £8144.84 See our analysis on SE16 6 property prices
SE16 7 £7541.36 See our analysis on SE16 7 property prices

Location based factors in SE16 5 impacting the price of your property

Now that we’ve analysed how the price per square metre in SE16 5 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Proximity to public amenities

Whilst the size of the garden and number of rooms meet buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in SE16 5.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your SE16 5 postcode sector is served per the above list in the table below.

Type of amenities Number in SE16 5
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 0
Schools 3
Shopping centres (within 5mi) 15
Public transports (train or tube stations) 0

Future developments nearby

The attractivity of an area can be measured partially via the number of ongoing or upcoming developments. Indeed with further housing developments an area is able to welcome more people to live around increasing the demand for the given area. To check if this has an impact on the property you are looking to buy or sell in SE16 5 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

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

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