Navigating property values in SE16 6

The arty side of South London

South London is increasingly attractive for renters, first time home buyers, and real estate investors. At Jukes, our goal is to study how property values have shifted over time and offer key recommendations to assist you: sell or acquire a property at the best price.
In this guide we’ll analyse macroeconomic elements driving property prices, and closely examine price fluctuations depending on the type of property you own or hope to purchase.
Note: The data here encompasses 2010 – 2021. We’re updating this model and article with the newest 2023 data.

Examining property prices in SE16 6

A noteworthy notice

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.

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For flats

In 2021, 31 flats sold in SE16 6 – a/an increase/decrease (choose one) of 6.90%% 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 SE16 6 flat was £7390.48 – 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 inSE16 6 (in£) Growth Rate (in %)
2021 £7390.48 -%
2020 £7822.22 -38.3%
2018 £7536.23 -35.9%
2016 £7964.28 -39.4%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE16 6 was £7822.22. Versus the most recent 2021 figures, the median flat price per square metre evolved by -30.54%%.

For houses

In SE16 6 in 2021, we saw 35 houses sold. This represents an increase of 75.00% in the sales of houses compared to the previous year.

The chart below will help you understand the distribution of these prices and thus can give you an idea of the type and size of houses that were sold in 2021 in SE16 6.

After looking at the price distribution, we can now lean on and have a look at the median price. The median price, simply put, divides the group of houses sold in 2021 in SE16 6 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £8163.27.

This number alone might not bring valuable information unless you compare it to the previous years. Have a look at the table below to see how the median price has evolved: versus the previous year (2020), versus 3 years before (2018) and versus 5 years ago (2016):

Year Median Sqm Price inSE16 6 (in£) Growth Rate (in %)
2021 £8163.27 -%
2020 £8144.84 -30.5%
2018 £8269.23 -31.6%
2016 £8611.11 -34.3%

How to read this table, example with 2018: in 2018 the median price per square metre in SE16 6 for a house was 8269.23. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by -31.58% %.

For other types of property

Beyond houses and flats, SE16 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. To kick off our property value guide, we aim to give a summary of how prices are spread in SE16 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.

Socioeconomic factors impacting property prices in SE16 6

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.

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 SE16 6

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for SE16 6’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 SE16 6 property prices too.
The map below displays your sector’s job rate.

Location elements influencing property values in SE16 6

Now that we’ve looked at how the price per square metre in SE16 6 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

Future developments around

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more potential residents, raising demand. To see if this impacts SE16 6 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

Closeness 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 SE16 6.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your SE16 6 postcode sector is served per the above list in the table below.

Type of amenities Number in SE16 6
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 0
Schools 4
Shopping centres (within 5mi) 15
Public transports (train or tube stations) 0

Comparing SE16 6 with nearby postcodes

To provide more SE16 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
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

Predicting SE16 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 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 quickly shift, as it has before.
That’s why we show 14 years of sales data – prices, sizes, and sale dates for SE16 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.

Property elements driving price increases in SE16 6

Property sizes

Clearly, floor area impacts the price you’ll sell or pay for. To better understand SE16 6, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE16 6, this may provide insight into opportunities.

Total floor area distribution for SE16 6 houses

Total Floor area distribution for flats in SE16 6

Total Floor area distribution for other property types in SE16 6

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.”

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