Property prices in SE17 2: A closer look

A woman cycling in a South London park

As a popular destination for renters, first time purchasers, and real estate investors, South London has seen appreciable growth. At Jukes, we aim to delve into how property values have changed over the years and provide essential tips to help you: sell or buy a home at an optimal value.
In this guide we’ll study macroeconomic factors impacting property prices, and carefully inspect price variations based on the type of property you own or plan to obtain.
Note: The data in this piece includes 2010 – 2021. We’re enhancing this model and article with the most current 2023 information.

So how property prices will evolve in SE17 2 in 2024-2025

At Jukes we have been trying to solve this equation for the past 35 years and let’s be honest, no one has a magic crystal ball and can predict the future prices. The variables included in the prices as you have just read it are simply too many.

With the rise of machine learning and AI the models to predict trends are getting better but they cannot account for external factors yet and the property market can shit pretty quickly as it did in the past.

It is for this reason that we decided not to show any prediction but rather adopted the position of showing the trend over the past 14 years. The chart below shows you all the property sales that happened in SE17 2, their price, the floor area of the property and the date of sale. Additionally, this chart presents you with a trend line showing the average property price for the given year. As you can see there is an upward trend and in our opinion there is no reason that this trend should change as of February 2024. Nonetheless it’s the slope of the curve that may change in the future

Property prices in SE17 2

For houses

In SE17 2 in 2021, we saw 4 houses sold. This represents an a decrease of -71.43% in house sales compared to the prior year.
The chart below will help you comprehend the distribution of these prices and thus can provide an idea of the types and sizes of houses that were sold in 2021 in SE17 2.

After examining the price distribution, we can now focus on the median price. Simply put, the median price divides the group of houses sold in 2021 in SE17 2 into two equal groups. In other words, it indicates that 50% of the houses sold in 2021 went for more than £8243.98.
This number alone may not be very informative unless you compare it to previous years. Have a look at the table below to see how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years ago):

Year Median Sqm Price inSE17 2 (in£) Growth Rate (in %)
2021 £8243.98 -%
2020 £7361.97 -23.2%
2018 £6620.6 -14.5%
2016 £6789.47 -16.7%

Understanding the table – example with 2018: In 2018, the median house price per square metre in SE17 2 was £6620.6. Versus the most recent 2021 data, the median house price per square metre increased by -14.55%%. To begin our property price guide, we want to provide an overview of how costs are distributed in SE17 2 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 other types of property

Beyond houses and flats, SE17 2 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.

A note of importance

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 2?

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 SE17 2 in 2021, 29 flats were sold. Compared to 2020, this is an increase of 3.57%%.

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 SE17 2 was £6939.68£. This means that when we look at the data, 50% of the flats sold in SE17 2 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 inSE17 2 (in£) Growth Rate (in %)
2021 £6939.68 -%
2020 £6765.01 -28.6%
2018 £6400.25 -24.6%
2016 £6307.69 -23.5%

How to read this table, example with 2020: in 2020 the median price per square metre in SE17 2 for a flat was 6765.01. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by -23.15% %.

Property related factors driving the prices up in SE17 2

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

Clearly, floor area impacts the price you’ll sell or pay for. To better understand SE17 2, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE17 2, this may provide insight into opportunities.

Total floor area distribution for SE17 2 houses

Total Floor area distribution for flats in SE17 2

Total Floor area distribution for other property types in SE17 2

Location factors impacting property prices in SE17 2

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 SE17 2 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 (SE17 2) is served according to the above list

Type of amenities Number in SE17 2
NHS Trusts (hospitals) 0
Practioners 34
Pharmacies 4
Schools 9
Shopping centres (within 5mi) 22
Public transports (train or tube stations) 0

Check for future developments

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 2 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 had a look at how the price per square metre in SE17 2 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.

Socioeconomic factors influencing property values in SE17 2

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

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 and job rates in SE17 2

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for SE17 2’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 SE17 2 property prices too.
The map below displays your sector’s job rate.

Comparing SE17 2 with nearby postcodes

To provide more SE17 2 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
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

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

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