Property prices in SE7 8: A closer look

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South London is increasingly attractive for renters, first time home buyers, and real estate investors. At Jukes, our goal is to study how property values have shifted over time and offer key recommendations to assist you: sell or acquire a property at the best price.
In this guide we’ll analyse macroeconomic elements driving property prices, and closely examine price fluctuations depending on the type of property you own or hope to purchase.
Note: The data here encompasses 2010 – 2021. We’re updating this model and article with the newest 2023 data.

Property factors driving price rises in SE7 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.”

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 SE7 8 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 SE7 8

Total Floor area distribution for flats in SE7 8

Total Floor area distribution for other property types in SE7 8

Forecasting SE7 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 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 SE7 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.

Comparing SE7 8 with nearby postcodes

To provide more SE7 8 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 info 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

Socioeconomic factors influencing property values in SE7 8

Household income and employment rates in SE7 8

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for SE7 8’s household income level, as it may positively impact selling your property. We can’t exclude the job rate from this socioeconomic analysis either. It directly relates to household income. The data shows a clear link between the employment rate and SE7 8 property prices too.
The map below displays your sector’s job rate.

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.

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 values in SE7 8

For houses

In SE7 8 in 2021, there were 54 houses sold. This represents an increase of 92.86% 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 SE7 8.

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 SE7 8 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £5132.23. 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 inSE7 8 (in£) Growth Rate (in %)
2021 £5132.23 -%
2020 £5159.41 9.7%
2018 £5147.75 9.9%
2016 £4803.84 17.8%

Understanding the table – example with 2018: In 2018, the median house price per square metre in SE7 8 was £5147.75. Compared to the latest 2021 data, the median house price per square metre increased by 9.90%%.

For flats

In 2021, 16 flats sold in SE7 8 – a/an increase/decrease (choose one) of -15.79%% 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 SE7 8 flat was £4726.35 – 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 inSE7 8 (in£) Growth Rate (in %)
2021 £4726.35 -%
2020 £4852.94 -0.5%
2018 £4728.81 2.1%
2016 £4470.59 8%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE7 8 was £4852.94. Versus the most recent 2021 figures, the median flat price per square metre evolved by 9.65%%. To kick off our property value guide, we aim to give a summary of how prices are spread in SE7 8 by property type. To accomplish this, we’ll analyse the price per square metre to evaluate the distribution. We determine the price per square metre by accessing the price paid data from the Government’s site. We then divide the price by the property’s square footage.
This provides the precise price per square metre paid. We group these prices into ranges (£1000-£1500) indicating a property sold for a price per square metre within £1000 to £1500.

For other types of property

SE7 8 has seen other types of properties being sold over the years but these do not represent a large proportion of the properties sold in 2021. We’ve gathered these properties in the chart above to show you how the price per square metre is distributed for these properties.

If the property you are looking to buy or sell falls into this category, feel free to reach out to us for more details and information. We will be able to provide you with an accurate valuation.

A quick 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 8?

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

Location elements influencing property values in SE7 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 SE7 8.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your SE7 8 postcode sector is served per the above list in the table below.

Type of amenities Number in SE7 8
NHS Trusts (hospitals) 0
Practioners 18
Pharmacies 3
Schools 8
Shopping centres (within 5mi) 23
Public transports (train or tube stations) 0

Future developments in SE7 8

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more potential residents, raising demand. To see if this impacts SE7 8 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below. Now that we’ve looked at how the price per square metre in SE7 8 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

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

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