Navigating property values in SE18 6

The arty side of South London

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.

Socioeconomic factors influencing property values in SE18 6

Household income and job rates in SE18 6

Another factor determining the price of a property will be the average household income in the area. There is a positive correlation between the price growth in an area where the average household income increases.

Check out below where the household income in SE18 6 is as it may have a positive impact on the sale of your property.

As part of this socioeconomic analysis, we cannot forget to mention the employment rate. This is because it is also directly related to the household income we just mentioned. When looking at the data and trying to understand the correlation between the different factors and the price of a property in SE18 6, we see a clear correlation with the employment rate as well.

The map below shows you the employment 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 ability. At the same time, with fewer prospective buyers, potential sellers may wait 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.

Comparing SE18 6 with nearby postcodes

To help you get a better understanding of the SE18 6 area, we’ve also put together a similar deep dive analysis on the nearby postcode sectors.

Have a quick look at the following table and don’t hesitate to navigate around. You might find interesting opportunities and learnings on 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

Examining property prices in SE18 6

For flats

In 2021, 120 flats sold in SE18 6 – a/an increase/decrease (choose one) of -36.84%% versus 2020. To better comprehend 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 useful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a SE18 6 flat was £6693.65 – so 50% of flats sold for less.
Check the table below to observe how the median price evolved between 2016 and 2021.

Year Median Sqm Price inSE18 6 (in£) Growth Rate (in %)
2021 £6693.65 -%
2020 £6431.26 -24.9%
2018 £7729.83 -37.5%
2016 £6057.24 -20.3%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE18 6 was £6431.26. Versus the most recent 2021 figures, the median flat price per square metre evolved by 10.36%%.

A noteworthy notice

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

Looking to buy or sell your property in SE18 6?

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

For other types of property

SE18 6 has seen other types of properties being sold over the years but these do not represent a large proportion of the properties sold in 2021. We’ve gathered these properties in the chart above to show you how the price per square metre is distributed for these properties.

If the property you are looking to buy or sell falls into this category, feel free to reach out to us for more details and information. We will be able to provide you with an accurate valuation.

First to start our property price guide we want to give an overview of how prices are distributed in SE18 6 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 houses

In SE18 6 in 2021, there were 8 houses sold. This represents a decrease of -20.00% 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 6 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 6 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £6232.39. 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 6 (in£) Growth Rate (in %)
2021 £6232.39 -%
2020 £5126.57 10.4%
2018 £5346.53 5.8%
2016 £4050.63 39.7%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in SE18 6 was £5346.53. Compared to 2021 data, the median house price per square metre rose by 5.82%%.

Predicting SE18 6 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 6 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.

Location factors impacting property prices in SE18 6

Now that we’ve analysed how the price per square metre in SE18 6 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Future developments around

An area’s popularity can be gauged by the number of ongoing or planned developments. More housing in an area means more people are able to live there, increasing demand. To check if this impacts properties you may buy or sell in SE18 6, we’ve compiled all upcoming developments from the London mayor’s website into the table below.

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 6.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your SE18 6 postcode sector is served per the above list in the table below.

Type of amenities Number in SE18 6
NHS Trusts (hospitals) 0
Practioners 56
Pharmacies 8
Schools 4
Shopping centres (within 5mi) 15
Public transports (train or tube stations) 1

Property related factors driving the prices up in SE18 6

Property features & built form

Features like built form, number of rooms, bathrooms etc. significantly impact price – the more features, the higher the price. Recent features also boost value.
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 SE18 6, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE18 6, this may provide insight into opportunities.

Total floor area distribution for SE18 6 houses

Total Floor area distribution for flats in SE18 6

Total Floor area distribution for other property types in SE18 6

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 *