Navigating property values in SE24 9

A woman cycling in a South London park

South London is increasingly attractive for renters, first time home buyers, and real estate investors. At Jukes, our goal is to study how property values have shifted over time and offer key recommendations to assist you: sell or acquire a property at the best price.
In this guide we’ll analyse macroeconomic elements driving property prices, and closely examine price fluctuations depending on the type of property you own or hope to purchase.
Note: The data here encompasses 2010 – 2021. We’re updating this model and article with the newest 2023 data.

Comparing SE24 9 with nearby postcodes

To provide more context on SE24 9, we’ve done similar in-depth analysis 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
SE24 0 £8264.94 See our analysis on SE24 0 property prices
SE24 9 £9166.67 See our analysis on SE24 9 property prices

Property elements driving price increases in SE24 9

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand SE24 9, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in SE24 9, this may provide insight on opportunities.

Total floor area distribution for SE24 9 houses

Total Floor area distribution for flats in SE24 9

Total Floor area distribution for other property types in SE24 9

Property features & built form

Features like built form, number of rooms, bathrooms etc. greatly affect price – more features mean higher prices. Recent features also increase value.
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 values in SE24 9

To start our property value guide, we want to summarise how prices are allocated in SE24 9 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.

Important 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 SE24 9?

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

For flats

In 2021, 40 flats sold in SE24 9 – a/an increase/decrease (choose one) of 11.11%% 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 SE24 9 flat was £7971.01. 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 inSE24 9 (in£) Growth Rate (in %)
2021 £7971.01 -%
2020 £7715.21 -37.4%
2018 £8044.18 -40%
2016 £7478.41 -35.4%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE24 9 was £7715.21. Compared to the newest 2021 figures, the median flat price per square metre evolved by -38.28%%.

For other types of property

Beyond houses and flats, SE24 9 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 houses

In SE24 9 in 2021, there were 47 houses sold. This represents an increase of 27.03% 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 SE24 9 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 SE24 9 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £8518.52.
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 inSE24 9 (in£) Growth Rate (in %)
2021 £8518.52 -%
2020 £9166.67 -38.3%
2018 £8020.92 -29.5%
2016 £7738.1 -26.9%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a SE24 9 house was £8020.92. Against the newest 2021 data, the median house price per square metre rose by -29.47%%.

So how property prices will evolve in SE24 9 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 SE24 9 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 property values in SE24 9

Beyond 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 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.

Household income and employment rates in SE24 9

Another price determiner is the area’s average household income. Prices tend to rise in areas where household incomes are increasing. See below where household income in the SE24 9 stands, as it may positively impact selling your property. We can’t omit the employment rate from this socioeconomic analysis either. It directly relates to the household income we just covered. The data shows a clear link between the employment rate and property prices in SE24 9 too.
The map below displays the employment rate in your sector.

Location factors impacting property prices in SE24 9

Future developments around

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 9 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below. Now that we’ve looked at how the price per square metre in SE24 9 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

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 SE24 9.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your SE24 9 postcode sector is served per the above list in the table below.

Type of amenities Number in SE24 9
NHS Trusts (hospitals) 0
Practioners 76
Pharmacies 3
Schools 6
Shopping centres (within 5mi) 24
Public transports (train or tube stations) 0

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