A guide to property prices in SE21 8

Learn all about South London with our property guides

South London has seen major growth as a popular location for renters, first time buyers, and real estate investors. Here at Jukes, we want to analyse how property prices have changed over time and provide key insights to help you: sell or purchase a home at the optimal price.
In this guide we’ll examine macroeconomic factors impacting property values, and take a close look at price changes depending on the type of home you own or plan to acquire.
Note: The data in this article covers 2010 – 2021. We’re working to enhance this model and article with the most up-to-date 2023 figures.

Examining property prices in SE21 8

To start our property value guide, we want to summarise how prices are allocated in SE21 8 based on property type. To do this, we’ll inspect 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’s site. We then divide the price by the property’s area.
This gives us the exact price per square metre paid. We group these prices into brackets (£1000-£1500) showing a property sold for a price per square metre between £1000 and £1500.

A quick note

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 SE21 8?

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

Beyond houses and flats, SE21 8 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.

For flats

In 2021, 59 flats sold in SE21 8 – a/an increase/decrease (choose one) of 18.00%% 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 SE21 8 flat was £6171.43. 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 inSE21 8 (in£) Growth Rate (in %)
2021 £6171.43 -%
2020 £6159 -21.6%
2018 £5833.33 -17.2%
2016 £5827.96 -17.2%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE21 8 was £6159.0. Compared to the newest 2021 figures, the median flat price per square metre evolved by -16.44%%.

For houses

In SE21 8 in 2021, there were 63 houses sold. This represents an increase of 96.88% 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 SE21 8 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 SE21 8 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £7413.79. 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 inSE21 8 (in£) Growth Rate (in %)
2021 £7413.79 -%
2020 £6770.24 -16.4%
2018 £6601.94 -14.3%
2016 £7248.03 -21.9%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in SE21 8 was £6601.94. Compared to 2021 data, the median house price per square metre rose by -14.31%%.

Location elements influencing property values in SE21 8

Closeness to public amenities

Whilst the size of the garden and number of rooms meet buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in SE21 8.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your SE21 8 postcode sector is served per the above list in the table below.

Type of amenities Number in SE21 8
NHS Trusts (hospitals) 0
Practioners 36
Pharmacies 1
Schools 11
Shopping centres (within 5mi) 24
Public transports (train or tube stations) 1

Future developments nearby

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 SE21 8 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’ve reviewed how the price per square metre in SE21 8 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Forecasting SE21 8 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 SE21 8 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.

Socioeconomic factors influencing the price of a property in SE21 8

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

Household income and job rates in SE21 8

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for SE21 8’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 SE21 8 property prices too.
The map below displays your sector’s job rate.

Interest rates

In the last 5 years, Britain’s economic conditions have drastically shifted. 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 capacity. At the same time, with fewer prospective buyers, potential sellers may hesitate to list for fear of lower prices.

Property elements driving price increases in SE21 8

Property features & built form

When it comes to features we usually include the built form but also the number of rooms, bathrooms etc. The more features a property has, and the recency of these features will significantly impact the price.

Also, when we talk about built forms we usually have the following list in mind:

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 SE21 8, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE21 8, this may provide insight on opportunities.

Total floor area distribution for SE21 8 houses

Total Floor area distribution for flats in SE21 8

Total Floor area distribution for other property types in SE21 8

Comparing SE21 8 with nearby postcodes

To provide more SE21 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 info for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
SE21 7 £9569.38 See our analysis on SE21 7 property prices
SE21 8 £6770.24 See our analysis on SE21 8 property prices

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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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