Decoding property prices in SE24 0

View from an alley way in South London showing terraced houses

With its increasing appeal among renters, first time buyers, and real estate investors, South London has witnessed significant development. At Jukes, our intention is to analyse how property prices have evolved over time and offer key guidance to assist you: sell or invest in a property at an ideal cost.
In this guide we’ll examine macroeconomic elements influencing property values, and closely inspect price changes based on the type of real estate you own or are looking to acquire.
Note: The data here covers 2010 – 2021. We’re updating this model and guide with the latest 2023 figures.

Forecasting SE24 0 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 variables 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 shift quickly, as it has in the past.
That’s why we show 14 years of sales data – prices, floor areas, and sale dates for SE24 0 properties. The chart also displays an average price trendline yearly. As you can see, an upward trajectory that in our view won’t change as of February 2024. But the curve’s slope may shift going forward.

Deciphering property prices in SE24 0

For houses

In SE24 0 in 2021, there were 47 houses sold. This represents an increase of 17.50% in house sales compared to the previous year.
The chart below will help understand the distribution of these prices, giving insight into the types and sizes of houses sold in 2021 in SE24 0.

After reviewing the price distribution, we can examine the median price. Simply put, the median price separates the group of houses sold in 2021 in SE24 0 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £8508.77. This number alone may not provide much value unless compared to previous years. See the table below to observe how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years prior):

Year Median Sqm Price inSE24 0 (in£) Growth Rate (in %)
2021 £8508.77 -%
2020 £8264.94 -31.5%
2018 £7803.47 -27.5%
2016 £7757.09 -27.1%

Understanding the table – example with 2018: In 2018, the median house price per square metre in SE24 0 was £7803.47. Compared to the latest 2021 data, the median house price per square metre increased by -27.50%%.

For other types of property

Beyond houses and flats, SE24 0 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.

For flats

In 2021, 39 flats sold in SE24 0 – a/an increase/decrease (choose one) of 25.81%% 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 SE24 0 flat was £8071.43 – 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 inSE24 0 (in£) Growth Rate (in %)
2021 £8071.43 -%
2020 £8545.45 -43.5%
2018 £7264.96 -33.5%
2016 £8333.33 -42.1%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE24 0 was £8545.45. Versus the most recent 2021 figures, the median flat price per square metre evolved by -31.55%%. To kick off our property value guide, we aim to give a summary of how prices are spread in SE24 0 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.

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 SE24 0?

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 impacting property prices in SE24 0

Household income and job rates in SE24 0

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for SE24 0’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 SE24 0 property prices.
The map below displays the job rate in your sector. Apart from location, the property market also responds 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.

Comparing SE24 0 with nearby postcodes

To provide more SE24 0 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
SE24 0 £8264.94 See our analysis on SE24 0 property prices
SE24 9 £9166.67 See our analysis on SE24 9 property prices

Location factors impacting property prices in SE24 0

Check for future developments

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more residents, raising demand. To see if this impacts SE24 0 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Now that we had a look at how the price per square metre in SE24 0 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 SE24 0.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your SE24 0 postcode sector is served per the above list in the table below.

Type of amenities Number in SE24 0
NHS Trusts (hospitals) 0
Practioners 13
Pharmacies 0
Schools 7
Shopping centres (within 5mi) 24
Public transports (train or tube stations) 1

Property elements driving price increases in SE24 0

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp SE24 0, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE24 0, this may provide insight on opportunities.

Total floor area distribution for SE24 0 houses

Total Floor area distribution for flats in SE24 0

Total Floor area distribution for other property types in SE24 0

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.”

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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