A guide to property prices in SE2 9

South London underground

As a popular destination for renters, first time purchasers, and real estate investors, South London has seen appreciable growth. At Jukes, we aim to delve into how property values have changed over the years and provide essential tips to help you: sell or buy a home at an optimal value.
In this guide we’ll study macroeconomic factors impacting property prices, and carefully inspect price variations based on the type of property you own or plan to obtain.
Note: The data in this piece includes 2010 – 2021. We’re enhancing this model and article with the most current 2023 information.

Socioeconomic factors impacting property values in SE2 9

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.

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 SE2 9

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for SE2 9’s household income level, as it may positively influence selling your property. We can’t exclude the employment rate from this socioeconomic analysis. It directly relates to household income. The data shows a clear correlation between the job rate and SE2 9 property prices too.
The map below displays your sector’s employment rate.

Comparing SE2 9 with nearby postcodes

To provide more SE2 9 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 learnings for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
SE2 0 £4455.21 See our analysis on SE2 0 property prices
SE2 9 £4013.16 See our analysis on SE2 9 property prices

Deciphering property prices in SE2 9

For flats

In 2021, 30 flats sold in SE2 9 – a/an increase/decrease (choose one) of 87.50%% 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 SE2 9 flat was £5488.11. 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 inSE2 9 (in£) Growth Rate (in %)
2021 £5488.11 -%
2020 £4256.49 13.4%
2018 £3989.36 21%
2016 £4453.87 8.4%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE2 9 was £4256.49. Compared to the newest 2021 figures, the median flat price per square metre evolved by 40.97%%.

For houses

In SE2 9 in 2021, there were 67 houses sold. This represents a decrease of 0.00% 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 SE2 9.

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 SE2 9 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £4240.51. 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 inSE2 9 (in£) Growth Rate (in %)
2021 £4240.51 -%
2020 £4013.16 41%
2018 £3924.05 44.2%
2016 £3652.8 54.9%

Understanding the table – example with 2018: In 2018, the median house price per square metre in SE2 9 was £3924.05. Compared to the latest 2021 data, the median house price per square metre increased by 44.18%%.

For other types of property

In addition to houses and flats, SE2 9 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.

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 SE2 9?

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

First to start our property price guide we want to give an overview of how prices are distributed in SE2 9 on the type of property. To do so, we will look at the price per square metre to assess the distribution. To create the charts, we are calculating the price per square metre by getting the price paid data from the Government website. Then we divide the price by the surface area of the property.

Once this is done, it gives us the exact price per square metre paid and we finally categorise these prices into buckets (£1000-£1500) indicating that a given property has been sold with a price per square metre oscillating between £1000 and £1500.

Property related factors driving the prices up in SE2 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 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 SE2 9 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 SE2 9

Total Floor area distribution for flats in SE2 9

Total Floor area distribution for other property types in SE2 9

Predicting SE2 9 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 SE2 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.

Location factors affecting property prices in SE2 9

Now that we’ve analysed how the price per square metre in SE2 9 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Future developments in SE2 9

An area’s popularity can be gauged by the number of ongoing or planned developments. More housing in an area means more people are able to live there, increasing demand. To check if this impacts properties you may buy or sell in SE2 9, we’ve compiled all upcoming developments from the London mayor’s website into the table below.

Closeness to public amenities

Now that we’ve reviewed how the price per square metre in SE2 9 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Closeness to public amenities

Whilst the size of the garden and number of rooms suit buyers’ and sellers’ needs, proximity to conveniences also enhances a property’s value in SE2 9.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your SE2 9 postcode sector is served per the above list in the table below.

Type of amenities Number in SE2 9
NHS Trusts (hospitals) 0
Practioners 26
Pharmacies 3
Schools 14
Shopping centres (within 5mi) 10
Public transports (train or tube stations) 1

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