A guide to property prices in SE17 1

View from an alley way in South London showing terraced houses

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.

Comparing SE17 1 with nearby postcodes

To provide more SE17 1 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 learnings for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
SE17 1 £8447.92 See our analysis on SE17 1 property prices
SE17 2 £7361.97 See our analysis on SE17 2 property prices
SE17 3 £6796.88 See our analysis on SE17 3 property prices

So how property prices will evolve in SE17 1 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 SE17 1 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 SE17 1

Property sizes

Clearly, floor area impacts the price you’ll sell or pay for. To better understand SE17 1, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE17 1, this may provide insight into opportunities.

Total floor area distribution for SE17 1 houses

Total Floor area distribution for flats in SE17 1

Total Floor area distribution for other property types in SE17 1

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.”

Deciphering property prices in SE17 1

For other types of property

Beyond houses and flats, SE17 1 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 begin our property price guide, we want to provide an overview of how costs are distributed in SE17 1 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 SE17 1 in 2021, we saw 8 houses sold. This represents an increase of 14.29% 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 SE17 1.

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 SE17 1 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £8172.62.

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 inSE17 1 (in£) Growth Rate (in %)
2021 £8172.62 -%
2020 £8447.92 -33%
2018 £12272.73 -53.9%
2016 £5583.94 1.3%

How to read this table, example with 2018: in 2018 the median price per square metre in SE17 1 for a house was 12272.73. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by -53.90% %.

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 SE17 1?

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

For flats

In 2021, 37 flats were sold in SE17 1 – an increase/decrease (choose one) of -36.21%% over 2020.
To better grasp the price per square metre distribution and sizes/types of flats sold in 2021, we’ve assembled the chart below.

While the price distribution gives a helpful snapshot, the median price also provides insight. In 2021, the median price per square metre for a SE17 1 flat was £9198.11 – meaning 50% of flats sold for less than this. See the table below to view how the median price changed between 2016 and 2021.

Year Median Sqm Price inSE17 1 (in£) Growth Rate (in %)
2021 £9198.11 -%
2020 £9348.04 -48.4%
2018 £9751.04 -50.5%
2016 £6486.49 -25.6%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a SE17 1 flat was £9348.04. Versus 2021 figures, the median flat price per square metre changed by -33.03%%.

Location factors affecting property prices in SE17 1

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 SE17 1.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your SE17 1 postcode sector is served per the above list in the table below.

Type of amenities Number in SE17 1
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 2
Schools 5
Shopping centres (within 5mi) 22
Public transports (train or tube stations) 2

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 SE17 1 properties you may buy or sell, we’ve gathered all upcoming developments from the London mayor’s website into the table below. Now that we’ve reviewed how the price per square metre in SE17 1 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Socioeconomic factors impacting property values in SE17 1

Household income and employment rates in SE17 1

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for SE17 1’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 SE17 1 property prices.
The map below displays the job rate in your sector.

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 capacity. At the same time, with fewer prospective buyers, potential sellers may hesitate 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.

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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