Property prices in SE18 5: A closer look

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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.

Examining property prices in SE18 5

First to start our property price guide we want to give an overview of how prices are distributed in SE18 5 on the type of property. To do so, we will look at the price per square metre to assess the distribution. To create the charts, we are calculating the price per square metre by getting the price paid data from the Government website. Then we divide the price by the surface area of the property.

Once this is done, it gives us the exact price per square metre paid and we finally categorise these prices into buckets (£1000-£1500) indicating that a given property has been sold with a price per square metre oscillating between £1000 and £1500.

For flats

In 2021, 27 flats were sold in SE18 5 – an increase/decrease (choose one) of 50.00%% 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 5 flat was £5000.0 – 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 5 (in£) Growth Rate (in %)
2021 £5000 -%
2020 £4525.29 6.7%
2018 £5202.7 -7.2%
2016 £4414.9 9.3%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a SE18 5 flat was £4525.29. Versus 2021 figures, the median flat price per square metre changed by 26.66%%.

For houses

In SE18 5 in 2021, there were 12 houses sold. This represents a decrease of -7.69% in house sales versus the prior year.
The chart below will assist in understanding the distribution of these prices, providing insight into the types and sizes of houses sold in SE18 5 in 2021.

After analysing the price distribution, we can examine the median price. Put simply, the median price splits the group of houses sold in 2021 in SE18 5 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £4651.16.
This number alone may not be very informative unless compared to previous years. Refer to the table below to see how the median price has changed: versus 2020, versus 2018 (3 years prior), and versus 2016 (5 years ago):

Year Median Sqm Price inSE18 5 (in£) Growth Rate (in %)
2021 £4651.16 -%
2020 £4466.67 26.7%
2018 £4776.29 18.5%
2016 £4257.12 32.9%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a SE18 5 house was £4776.29. Against the newest 2021 data, the median house price per square metre rose by 18.45%%.

For other types of property

Beyond houses and flats, SE18 5 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.

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 SE18 5?

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

Socioeconomic factors influencing the price of a property in SE18 5

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 changed. Between 2019 and 2024, the Bank of England raised interest rates multiple times to address growing inflation and cool an economy recovering from post-covid measures.
Higher interest rates directly impact the property market by affecting 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 SE18 5

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for SE18 5’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 SE18 5 property prices too.
The map below displays your sector’s job rate.

Comparing SE18 5 with nearby postcodes

To provide more SE18 5 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
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

Property factors driving price rises in SE18 5

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.”

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 SE18 5 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 SE18 5

Total Floor area distribution for flats in SE18 5

Total Floor area distribution for other property types in SE18 5

Location factors affecting property prices in SE18 5

Now that we had a look at how the price per square metre in SE18 5 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.

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 SE18 5.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your SE18 5 postcode sector is served per the above list in the table below.

Type of amenities Number in SE18 5
NHS Trusts (hospitals) 0
Practioners 8
Pharmacies 1
Schools 7
Shopping centres (within 5mi) 15
Public transports (train or tube stations) 1

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 5 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

Predicting SE18 5 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 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 SE18 5 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.

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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