Property prices in SE5 7: A closer look

Learn all about South London with our property guides

South London has seen major growth as a popular location for renters, first time buyers, and real estate investors. Here at Jukes, we want to analyse how property prices have changed over time and provide key insights to help you: sell or purchase a home at the optimal price.
In this guide we’ll examine macroeconomic factors impacting property values, and take a close look at price changes depending on the type of home you own or plan to acquire.
Note: The data in this article covers 2010 – 2021. We’re working to enhance this model and article with the most up-to-date 2023 figures.

Socioeconomic factors impacting property values in SE5 7

Interest rates

In the last 5 years, Britain’s economic conditions have dramatically changed. 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 ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

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

Household income & employment rates in SE5 7

Another factor determining the price of a property will be the average household income in the area. There is a positive correlation between the price growth in an area where the average household income increases.

Check out below where the household income in SE5 7 is as it may have a positive impact on the sale of your property.

As part of this socioeconomic analysis, we cannot forget to mention the employment rate. This is because it is also directly related to the household income we just mentioned. When looking at the data and trying to understand the correlation between the different factors and the price of a property in SE5 7, we see a clear correlation with the employment rate as well.

The map below shows you the employment rate in your sector.

How SE5 7 compares with nearby postcode sectors

To provide more SE5 7 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
SE5 0 £7195.21 See our analysis on SE5 0 property prices
SE5 7 £7234.04 See our analysis on SE5 7 property prices
SE5 8 £7654.63 See our analysis on SE5 8 property prices
SE5 9 £6661.56 See our analysis on SE5 9 property prices

Examining property prices in SE5 7

First to start our property price guide we want to give an overview of how prices are distributed in SE5 7 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.

For other types of property

Beyond houses and flats, SE5 7 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 SE5 7 in 2021, there were 24 houses sold. This represents an increase of 26.32% 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 SE5 7 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 SE5 7 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £7304.64.
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 inSE5 7 (in£) Growth Rate (in %)
2021 £7304.64 -%
2020 £7234.04 -21.8%
2018 £5789.47 -2.3%
2016 £6313.38 -10.4%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a SE5 7 house was £5789.47. Against the newest 2021 data, the median house price per square metre rose by -2.28%%.

For flats

In 2021, 64 flats sold in SE5 7 – a/an increase/decrease (choose one) of 156.00%% 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 SE5 7 flat was £6764.25. 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 inSE5 7 (in£) Growth Rate (in %)
2021 £6764.25 -%
2020 £6797.75 -29.%
2018 £6887.25 -29.9%
2016 £6298.08 -23.3%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE5 7 was £6797.75. Compared to the newest 2021 figures, the median flat price per square metre evolved by -21.79%%.

A note of importance

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 SE5 7?

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Location factors impacting property prices in SE5 7

Future developments in SE5 7

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 SE5 7, we’ve compiled all upcoming developments from the London mayor’s website into the table below.

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 SE5 7.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your SE5 7 postcode sector is served per the above list in the table below.

Type of amenities Number in SE5 7
NHS Trusts (hospitals) 0
Practioners 38
Pharmacies 1
Schools 7
Shopping centres (within 5mi) 23
Public transports (train or tube stations) 0

Now that we had a look at how the price per square metre in SE5 7 has changed over time let’s dig a little deeper in the factors that impact the price of the property you are looking to buy or sell.

Property factors driving price rises in SE5 7

Property sizes

Clearly, floor area impacts the price you’ll sell or pay for. To better understand SE5 7, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE5 7, this may provide insight into opportunities.

Total floor area distribution for SE5 7 houses

Total Floor area distribution for flats in SE5 7

Total Floor area distribution for other property types in SE5 7

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.”

Forecasting SE5 7 property prices in 2024-2025

At Jukes we’ve tried deciphering this puzzle for 35 years – honestly, no magic crystal ball accurately forecasts future prices. Too many elements drive costs, as you’ve read.
AI and machine learning are enhancing 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 SE5 7 properties. The chart also displays a yearly average price trendline. As you can see, an upward trajectory that in our opinion won’t change as of February 2024. Though the curve’s slope may shift ahead.

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