Navigating property values in SE16 7

A map showing London. Learn more about the city's property market with our guide

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.

Location elements influencing property values in SE16 7

Future developments nearby

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 7 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below. Now that we’ve analysed how the price per square metre in SE16 7 has changed over time, let’s dig deeper into factors impacting 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 7.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your SE16 7 postcode sector is served per the above list in the table below.

Type of amenities Number in SE16 7
NHS Trusts (hospitals) 0
Practioners 22
Pharmacies 3
Schools 3
Shopping centres (within 5mi) 15
Public transports (train or tube stations) 0

Examining property prices in SE16 7

For flats

In 2021, 68 flats sold in SE16 7 – a/an increase/decrease (choose one) of 15.25%% 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 SE16 7 flat was £7034.35. 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 inSE16 7 (in£) Growth Rate (in %)
2021 £7034.35 -%
2020 £7520.83 -35.8%
2018 £8343.14 -42.1%
2016 £7529.83 -35.9%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE16 7 was £7520.83. Compared to the newest 2021 figures, the median flat price per square metre evolved by -24.98%%.

A note of importance

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 7?

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

To initiate our property price guide, we want to summarise how costs are distributed in SE16 7 by property type. To accomplish this, we’ll examine the price per square metre to evaluate the breakdown. We determine the price per square metre by accessing the price paid data from the Government’s website. We then divide the price by the property’s size.
This provides the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) indicating a property was sold for a price per square metre falling between £1000 and £1500.

For houses

In SE16 7 in 2021, there were 13 houses sold. This represents an increase of 62.50% 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 7 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 7 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £6472.87. 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 7 (in£) Growth Rate (in %)
2021 £6472.87 -%
2020 £7541.36 -25%
2018 £6842.11 -17.3%
2016 £6984.73 -19%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in SE16 7 was £6842.11. Compared to 2021 data, the median house price per square metre rose by -17.31%%.

For other types of property

In addition to houses and flats, SE16 7 has seen some other property types change hands over the years, though these represent a small portion 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 in this group, please contact us for more details and insight. We’re happy to provide an accurate, tailored valuation.

Socioeconomic factors influencing property values in SE16 7

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

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.

Household income and employment rates in SE16 7

Another price determiner is the area’s average household income. Prices tend to rise in areas where household incomes are increasing. See below where household income in the SE16 7 stands, as it may positively impact selling your property. We can’t omit the employment rate from this socioeconomic analysis either. It directly relates to the household income we just covered. The data shows a clear link between the employment rate and property prices in SE16 7 too.
The map below displays the employment rate in your sector.

Property elements driving price increases in SE16 7

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.”

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 SE16 7 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 SE16 7

Total Floor area distribution for flats in SE16 7

Total Floor area distribution for other property types in SE16 7

Predicting SE16 7 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 7 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.

Comparing SE16 7 with nearby postcodes

To provide more SE16 7 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
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

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

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  • More than 25 years of experience combined
  • We help you focus on your objective (investment, 1st time buy)

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