Navigating property values in SE18 2

The arty side of South London

South London is an up and coming area for renters, first time buyers and property investors. At Jukes we want to take a step back to analyse how property prices have evolved over time and give some key elements to help you: sell or buy your property at the right price.
In this guide we will look at macro economic factors influencing the price of a property but also take a deeper look at the evolution of prices depending on the type of property you own or you are looking to buy.
Note: the data shown in this article covers the period 2010 – 2021. We are working to improve this model and article with the latest data for 2023.

Socioeconomic factors impacting property values in SE18 2

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 SE18 2

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for SE18 2’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 SE18 2 property prices.
The map below displays the job rate in your sector. Apart from location, the property market also reacts to economic and demographic factors like interest rates, population growth, and average household income.

Property prices in SE18 2

For houses

In SE18 2 in 2021, there were 97 houses sold. This represents an increase of 31.08% 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 SE18 2 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 SE18 2 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £4625.0. 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 inSE18 2 (in£) Growth Rate (in %)
2021 £4625 -%
2020 £4521.08 25.1%
2018 £4404.76 28.4%
2016 £4234.23 33.6%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in SE18 2 was £4404.76. Compared to 2021 data, the median house price per square metre rose by 28.44%%. To begin our property price guide, we want to provide an overview of how costs are distributed in SE18 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 flats

In 2021, 8 flats were sold in SE18 2 – an increase/decrease (choose one) of 0.00%% 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 SE18 2 flat was £3767.46 – 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 inSE18 2 (in£) Growth Rate (in %)
2021 £3767.46 -%
2020 £3545.88 36.1%
2018 £3815.64 26.5%
2016 £5027.12 -4%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a SE18 2 flat was £3545.88. Versus 2021 figures, the median flat price per square metre changed by 25.14%%.

For other types of property

In addition to houses and flats, SE18 2 has seen other property types change hands over the years, though these represent a small share 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 get in touch for more details and perspective. We’re happy to provide a tailored, accurate valuation.

A note of importance

What we’ve presented here is an objective analysis of real prices paid – not an explanation of what makes prices rise or fall. If you want to learn about the many factors impacting your property’s value, see the information below.
And remember, only an agent deeply rooted in your local area has the knowledge to truly assess your property’s value, or that dream home you hope to acquire. They’re on the front lines of supply and demand there.

Looking to buy or sell your property in SE18 2?

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

How SE18 2 compares to nearby postcodes

To provide more context on SE18 2, we’ve done similar in-depth analysis 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
SE18 1 £4176.7 See our analysis on SE18 1 property prices
SE18 2 £4521.08 See our analysis on SE18 2 property prices
SE18 3 £4767.44 See our analysis on SE18 3 property prices
SE18 4 £4863.36 See our analysis on SE18 4 property prices
SE18 5 £4466.67 See our analysis on SE18 5 property prices
SE18 6 £5126.57 See our analysis on SE18 6 property prices
SE18 7 £4115.85 See our analysis on SE18 7 property prices

Location based factors in SE18 2 impacting the price of your property

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 SE18 2 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 SE18 2 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Closeness to public amenities

While the size of the garden or number of rooms align with buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in SE18 2.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your SE18 2 postcode sector is served per the above list in the table below.

Type of amenities Number in SE18 2
NHS Trusts (hospitals) 0
Practioners 5
Pharmacies 1
Schools 13
Shopping centres (within 5mi) 15
Public transports (train or tube stations) 0

Property related factors driving the prices up in SE18 2

Property sizes

Clearly, floor area impacts the price you’ll sell or pay for. To better understand SE18 2, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE18 2, this may provide insight into opportunities.

Total floor area distribution for SE18 2 houses

Total Floor area distribution for flats in SE18 2

Total Floor area distribution for other property types in SE18 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 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.”

Forecasting SE18 2 property prices in 2024-2025

At Jukes we’ve tried deciphering this puzzle for 35 years – honestly, no magic crystal ball accurately forecasts future prices. Too many elements drive costs, as you’ve read.
AI and machine learning are enhancing 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 SE18 2 properties. The chart also displays a yearly average price trendline. As you can see, an upward trajectory that in our opinion won’t change as of February 2024. Though the curve’s slope may shift ahead.

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)

Leave a Reply

Your email address will not be published. Required fields are marked *