A guide to property prices in SE4 2

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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.

Analysing property values in SE4 2

For other types of property

In addition to houses and flats, SE4 2 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.

For flats

In 2021, 44 flats sold in SE4 2 – a/an increase/decrease (choose one) of -18.52%% 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 SE4 2 flat was £6539.26 – 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 inSE4 2 (in£) Growth Rate (in %)
2021 £6539.26 -%
2020 £6626.89 -27.2%
2018 £6344.26 -23.9%
2016 £6226.42 -22.5%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE4 2 was £6626.89. Versus the most recent 2021 figures, the median flat price per square metre evolved by -15.61%%. To initiate our property price guide, we want to summarise how costs are distributed in SE4 2 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.

To keep in mind

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 SE4 2?

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For houses

In SE4 2 in 2021, there were 87 houses sold. This represents an increase of 123.08% 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 SE4 2.

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 SE4 2 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £6825.0. 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 inSE4 2 (in£) Growth Rate (in %)
2021 £6825 -%
2020 £6703.91 -15.6%
2018 £6177.88 -8.4%
2016 £6321.7 -10.5%

Understanding the table – example with 2018: In 2018, the median house price per square metre in SE4 2 was £6177.88. Compared to the latest 2021 data, the median house price per square metre increased by -8.42%%.

Socioeconomic factors impacting property values in SE4 2

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.

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

Household income and employment rates in SE4 2

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 SE4 2 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 SE4 2 too.
The map below displays the employment rate in your sector.

How SE4 2 compares with nearby postcode sectors

To help you get a better understanding of the SE4 2 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
SE4 1 £6606.97 See our analysis on SE4 1 property prices
SE4 2 £6703.91 See our analysis on SE4 2 property prices

Location factors impacting property prices in SE4 2

Now that we’ve analysed how the price per square metre in SE4 2 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Future developments nearby

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 SE4 2, we’ve compiled all upcoming developments from the London mayor’s website into the table below.

Proximity to public amenities

One major feature of a property may not necessarily be the size of the garden or the number of rooms. Obviously these correspond to your needs as a buyer, and landlord or a seller. What will truly bring value to your property in SE4 2 will also be its proximity to amenities.

The following ones make a significant impact on the price.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

We have gathered in the following table how your postcode sector (SE4 2) is served according to the above list

Type of amenities Number in SE4 2
NHS Trusts (hospitals) 0
Practioners 20
Pharmacies 4
Schools 12
Shopping centres (within 5mi) 23
Public transports (train or tube stations) 2

Forecasting SE4 2 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 SE4 2 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.

Property factors driving price rises in SE4 2

Property features & built form

When it comes to features we usually include the built form but also the number of rooms, bathrooms etc. The more features a property has, and the recency of these features will significantly impact the price.

Also, when we talk about built forms we usually have the following list in mind:

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

Clearly, floor area impacts the price you’ll sell or pay for. To better understand SE4 2, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE4 2, this may provide insight into opportunities.

Total floor area distribution for SE4 2 houses

Total Floor area distribution for flats in SE4 2

Total Floor area distribution for other property types in SE4 2

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