A guide to property prices in SE28 0

South London underground

South London is an up and coming area for renters, first time buyers and property investors. At Jukes we want to take a step back to analyse how property prices have evolved over time and give some key elements to help you: sell or buy your property at the right price.
In this guide we will look at macro economic factors influencing the price of a property but also take a deeper look at the evolution of prices depending on the type of property you own or you are looking to buy.
Note: the data shown in this article covers the period 2010 – 2021. We are working to improve this model and article with the latest data for 2023.

Predicting SE28 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 quickly shift, as it has before.
That’s why we show 14 years of sales data – prices, sizes, and sale dates for SE28 0 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.

Location factors impacting property prices in SE28 0

Proximity 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 SE28 0.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your SE28 0 postcode sector is served per the above list in the table below.

Type of amenities Number in SE28 0
NHS Trusts (hospitals) 0
Practioners 17
Pharmacies 3
Schools 2
Shopping centres (within 5mi) 13
Public transports (train or tube stations) 0

Future developments around

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more potential residents, raising demand. To see if this impacts SE28 0 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below. Now that we’ve reviewed how the price per square metre in SE28 0 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Property prices in SE28 0

For houses

In SE28 0 in 2021, there were 36 houses sold. This represents an increase of 44.00% 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 SE28 0 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 SE28 0 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £5010.81. 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 inSE28 0 (in£) Growth Rate (in %)
2021 £5010.81 -%
2020 £4847.24 16.7%
2018 £4539.95 24.6%
2016 £4416.28 28.1%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in SE28 0 was £4539.95. Compared to 2021 data, the median house price per square metre rose by 24.62%%. To start our property value guide, we want to summarise how prices are allocated in SE28 0 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 are presenting here is a factual analysis of the prices buyers paid. It is not here to give an explanation of what makes the price evolve. If you are interested in finding out more about the factors that impact the value of your property, you can have a look below.

Please also note that only an agent truly nested in your area will have the knowledge to assess the value of your property or the property you want to buy as they are at the forefront of the demand and the supply.

Looking to buy or sell your property in SE28 0?

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, 26 flats were sold in SE28 0 – an increase/decrease (choose one) of 18.18%% over 2020. To better understand the price per square metre distribution and sizes/types of flats sold in 2021, we’ve put together the chart below.

While the price distribution provides a helpful snapshot, the median price also gives insight. In 2021, the median price per square metre for a SE28 0 flat was £4057.18 – meaning 50% of flats sold for less.
Refer to the table below to see how the median price changed between 2016 and 2021.

Year Median Sqm Price inSE28 0 (in£) Growth Rate (in %)
2021 £4057.18 -%
2020 £3862.78 25%
2018 £4104.48 17.6%
2016 £4172.23 15.7%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a SE28 0 flat was £3862.78. Compared to the latest 2021 figures, the median flat price per square metre changed by 16.72%%.

For other types of property

In addition to houses and flats, SE28 0 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 factors driving price rises in SE28 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.”

Property sizes

Obviously when looking at buying the floor area of the property has a direct impact on the price you’ll be selling at or paying for. In order to get a clearer picture of SE28 0 we have come up with the following charts showing the distribution of properties depending on their total floor area.

Total Floor area distribution for houses in SE28 0

Total Floor area distribution for flats in SE28 0

Total Floor area distribution for other property types in SE28 0

Socioeconomic factors influencing property values in SE28 0

Household income and job rates in SE28 0

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 SE28 0 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 SE28 0 too.
The map below displays the employment rate in your sector.

After talking about location based factors, we can now focus on factors apparently not related directly to the property itself. Indeed, it’s well known that the property market reacts to economic & demographic signals such as the interest rates, the population growth but also the average household income of the area.

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.

How SE28 0 compares with nearby postcode sectors

To help you get a better understanding of the SE28 0 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
SE28 0 £4847.24 See our analysis on SE28 0 property prices
SE28 8 £4258.65 See our analysis on SE28 8 property prices

Consider buying or selling in South London? Go with Jukes!

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  • We help you focus on your objective (investment, 1st time buy)

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