Decoding property prices in SE7 7

A view of South London terraced houses and their chimneys

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 SE7 7 compares to nearby postcodes

To provide more SE7 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
SE7 7 £5544.55 See our analysis on SE7 7 property prices
SE7 8 £5159.41 See our analysis on SE7 8 property prices

Deciphering property prices in SE7 7

For other types of property

In addition to houses and flats, SE7 7 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. To initiate our property price guide, we want to summarise how costs are distributed in SE7 7 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.

Important 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 SE7 7?

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For flats

In SE7 7 in 2021, 73 flats were sold. Compared to 2020, this is a decrease of -40.16%%.

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 SE7 7 was £6521.74£. This means that when we look at the data, 50% of the flats sold in SE7 7 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 inSE7 7 (in£) Growth Rate (in %)
2021 £6521.74 -%
2020 £6280.78 -23.1%
2018 £5597.01 -13.7%
2016 £5652.31 -14.6%

How to read this table, example with 2020: in 2020 the median price per square metre in SE7 7 for a flat was 6280.78. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 2.04% %.

For houses

In SE7 7 in 2021, we saw 89 houses sold. This represents an increase of 21.92% in the sales of houses compared to the previous year.

The chart below will help you understand the distribution of these prices and thus can give you an idea of the type and size of houses that were sold in 2021 in SE7 7.

After looking at the price distribution, we can now lean on and have a look at the median price. The median price, simply put, divides the group of houses sold in 2021 in SE7 7 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £5769.23.

This number alone might not bring valuable information unless you compare it to the previous years. Have a look at the table below to see how the median price has evolved: versus the previous year (2020), versus 3 years before (2018) and versus 5 years ago (2016):

Year Median Sqm Price inSE7 7 (in£) Growth Rate (in %)
2021 £5769.23 -%
2020 £5544.55 2%
2018 £5456.25 3.7%
2016 £5427.64 4.2%

How to read this table, example with 2018: in 2018 the median price per square metre in SE7 7 for a house was 5456.25. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 3.69% %.

Socioeconomic factors impacting property values in SE7 7

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.

Household income and employment rates in SE7 7

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 SE7 7 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 SE7 7 too.
The map below displays the employment rate in your sector.

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.

Property related factors driving the prices up in SE7 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.”

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp SE7 7, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in SE7 7, this may provide insight on opportunities.

Total floor area distribution for SE7 7 houses

Total Floor area distribution for flats in SE7 7

Total Floor area distribution for other property types in SE7 7

Location factors affecting property prices in SE7 7

Future developments around

An area’s popularity can be gauged by its number of planned or in-progress developments. More housing means more residents, increasing demand. To see if this impacts SE7 7 properties you may buy or sell, we’ve gathered 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 SE7 7 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 SE7 7.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your SE7 7 postcode sector is served per the above list in the table below.

Type of amenities Number in SE7 7
NHS Trusts (hospitals) 0
Practioners 1
Pharmacies 5
Schools 7
Shopping centres (within 5mi) 23
Public transports (train or tube stations) 1

Now that we’ve analysed how the price per square metre in SE7 7 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

So how property prices will evolve in SE7 7 in 2024-2025

At Jukes we have been trying to solve this equation for the past 35 years and let’s be honest, no one has a magic crystal ball and can predict the future prices. The variables included in the prices as you have just read it are simply too many.

With the rise of machine learning and AI the models to predict trends are getting better but they cannot account for external factors yet and the property market can shit pretty quickly as it did in the past.

It is for this reason that we decided not to show any prediction but rather adopted the position of showing the trend over the past 14 years. The chart below shows you all the property sales that happened in SE7 7, their price, the floor area of the property and the date of sale. Additionally, this chart presents you with a trend line showing the average property price for the given year. As you can see there is an upward trend and in our opinion there is no reason that this trend should change as of February 2024. Nonetheless it’s the slope of the curve that may change in the future

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