Property values in SE28 8: What you need to know

The arty side of South London

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.

How SE28 8 compares to nearby postcodes

To provide more SE28 8 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
SE28 0 £4847.24 See our analysis on SE28 0 property prices
SE28 8 £4258.65 See our analysis on SE28 8 property prices

Location elements influencing property values in SE28 8

Proximity 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 SE28 8.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your SE28 8 postcode sector is served per the above list in the table below.

Type of amenities Number in SE28 8
NHS Trusts (hospitals) 0
Practioners 17
Pharmacies 2
Schools 15
Shopping centres (within 5mi) 13
Public transports (train or tube stations) 0

Future developments in SE28 8

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 SE28 8 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 SE28 8 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

Property elements driving price increases in SE28 8

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand SE28 8, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in SE28 8, this may provide insight on opportunities.

Total floor area distribution for SE28 8 houses

Total Floor area distribution for flats in SE28 8

Total Floor area distribution for other property types in SE28 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.”

Socioeconomic factors influencing the price of a property in SE28 8

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.

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

Household income and job rates in SE28 8

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 8 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 8 too.
The map below displays the employment rate in your sector.

Analysing property values in SE28 8

For flats

In SE28 8 in 2021, 15 flats were sold. Compared to 2020, this is a decrease of -21.05%%.

To better understand how the price per square metre is distributed and give you an idea of the size and types of flats sold in 2021, we have put together the chart below.

Looking at the price distribution is a great way to get a snapshot of how flats are distributed but it is now interesting to have a look at the median price. In 2021, the median price per square metre for a flat in SE28 8 was £3921.57£. This means that when we look at the data, 50% of the flats sold in SE28 8 were sold for less than that.

Have a look at the table below to get an idea of how the median price has changed between 2016 and 2021

Year Median Sqm Price inSE28 8 (in£) Growth Rate (in %)
2021 £3921.57 -%
2020 £3676.47 31.3%
2018 £3877.37 24.5%
2016 £3504.68 37.7%

How to read this table, example with 2020: in 2020 the median price per square metre in SE28 8 for a flat was 3676.47. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 32.85% %.

Important note

What we’ve presented here is an objective analysis of real prices paid – not an explanation of what makes prices rise or fall. If you want to learn about the many factors impacting your property’s value, see the information below.
And remember, only an agent deeply rooted in your local area has the knowledge to truly assess your property’s value, or that dream home you hope to acquire. They’re on the front lines of supply and demand there.

Looking to buy or sell your property in SE28 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, SE28 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 houses

In SE28 8 in 2021, there were 74 houses sold. This represents a decrease of -2.63% 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 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 SE28 8 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £4500.61. 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 8 (in£) Growth Rate (in %)
2021 £4500.61 -%
2020 £4258.65 32.8%
2018 £4019.23 40.8%
2016 £3860.76 46.5%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in SE28 8 was £4019.23. Compared to 2021 data, the median house price per square metre rose by 40.76%%. To initiate our property price guide, we want to summarise how costs are distributed in SE28 8 by property type. To accomplish this, we’ll examine the price per square metre to evaluate the breakdown. We determine the price per square metre by accessing the price paid data from the Government’s website. We then divide the price by the property’s size.
This provides the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) indicating a property was sold for a price per square metre falling between £1000 and £1500.

Forecasting SE28 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 SE28 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.

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

  • Trusted estate agent
  • More than 25 years of experience combined
  • We help you focus on your objective (investment, 1st time buy)

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