Navigating property values in SE20 8

A view of South London terraced houses and their chimneys

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.

Property values in SE20 8

For flats

In 2021, 109 flats sold in SE20 8 – a/an increase/decrease (choose one) of -10.66%% versus 2020. To better grasp 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 helpful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a SE20 8 flat was £5932.2. This means 50% of flats sold for less than this.
See the table below to observe how the median price changed from 2016 to 2021.

Year Median Sqm Price inSE20 8 (in£) Growth Rate (in %)
2021 £5932.2 -%
2020 £5979.7 -19.3%
2018 £6142.86 -21.4%
2016 £5762.33 -16.2%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE20 8 was £5979.7. Compared to the newest 2021 figures, the median flat price per square metre evolved by 6.99%%.

For houses

In SE20 8 in 2021, there were 24 houses sold. This represents a decrease of -14.29% 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 SE20 8 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 SE20 8 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £5508.04.
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 inSE20 8 (in£) Growth Rate (in %)
2021 £5508.04 -%
2020 £5288 7%
2018 £5215.93 8.5%
2016 £4589.04 23.3%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a SE20 8 house was £5215.93. Against the newest 2021 data, the median house price per square metre rose by 8.47%%.

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 SE20 8?

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

To kick off our property value guide, we aim to give a summary of how prices are spread in SE20 8 by property type. To accomplish this, we’ll analyse the price per square metre to evaluate the distribution. We determine the price per square metre by accessing the price paid data from the Government’s site. We then divide the price by the property’s square footage.
This provides the precise price per square metre paid. We group these prices into ranges (£1000-£1500) indicating a property sold for a price per square metre within £1000 to £1500.

For other types of property

In addition to houses and flats, SE20 8 has seen some other property types change hands over the years, though these represent a small portion 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 in this group, please contact us for more details and insight. We’re happy to provide an accurate, tailored valuation.

Property related factors driving the prices up in SE20 8

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

Clearly, floor area impacts the price you’ll sell or pay. To better grasp SE20 8, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE20 8, this may provide insight on opportunities.

Total floor area distribution for SE20 8 houses

Total Floor area distribution for flats in SE20 8

Total Floor area distribution for other property types in SE20 8

Socioeconomic factors impacting property values in SE20 8

Household income and employment rates in SE20 8

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 SE20 8 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 SE20 8, we see a clear correlation with the employment rate as well.

The map below shows you the employment 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.

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.

Predicting SE20 8 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 SE20 8 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 SE20 8

Future developments nearby

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 SE20 8, we’ve compiled 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 SE20 8 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.

Proximity 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 SE20 8 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 (SE20 8) is served according to the above list

Type of amenities Number in SE20 8
NHS Trusts (hospitals) 0
Practioners 22
Pharmacies 1
Schools 11
Shopping centres (within 5mi) 18
Public transports (train or tube stations) 2

How SE20 8 compares to nearby postcodes

To provide more SE20 8 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
SE20 5 £3772.91 See our analysis on SE20 5 property prices
SE20 7 £5646.67 See our analysis on SE20 7 property prices
SE20 8 £5288 See our analysis on SE20 8 property prices

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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