Decoding property prices in SE8 5

A map showing London. Learn more about the city's property market with our guide

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 values in SE8 5

A quick note

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what drives prices up or down. If you’re curious to learn about the many factors impacting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area possesses the knowledge to truly assess your property’s worth, or that dream home you hope to buy. They’re at the forefront of supply and demand there.

Looking to buy or sell your property in SE8 5?

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To begin our property price guide, we want to provide an overview of how costs are distributed in SE8 5 based on property type. To do this, we’ll examine the price per square metre to assess the breakdown. We calculate the price per square metre by obtaining the price paid data from the Government site. We then divide the price by the property’s floor area.
This gives us the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) showing a property was sold at a price per square metre between £1000 and £1500.

For houses

In SE8 5 in 2021, there were 13 houses sold. This represents an increase of 8.33% in house sales versus the previous year.
The chart below will assist in comprehending the distribution of these prices, providing insight into the types and sizes of houses sold in SE8 5 in 2021.

After analysing the price distribution, we can focus on the median price. Simply stated, the median price separates the group of houses sold in 2021 in SE8 5 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £5357.14. This number alone may not provide much value unless compared to prior years. Refer to the table below to observe how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years ago):

Year Median Sqm Price inSE8 5 (in£) Growth Rate (in %)
2021 £5357.14 -%
2020 £6014.12 -5.9%
2018 £5789.47 -2.3%
2016 £5401.07 4.7%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in SE8 5 was £5789.47. Compared to 2021 data, the median house price per square metre rose by -2.28%%.

For other types of property

Beyond houses and flats, SE8 5 has seen other property types trade hands over the years, though these make up a small portion of 2021 sales. We’ve shown the price per square metre distribution for these assorted properties in the chart below.

If you’re aiming to buy or sell a more unique property in this group, please contact us for additional insight and details. We can provide an accurate, tailored valuation.

For flats

In 2021, 66 flats sold in SE8 5 – a/an increase/decrease (choose one) of 1.54%% 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 SE8 5 flat was £6868.35 – 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 inSE8 5 (in£) Growth Rate (in %)
2021 £6868.35 -%
2020 £6718.75 -28.1%
2018 £6195.37 -22.1%
2016 £7254.9 -33.5%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE8 5 was £6718.75. Versus the most recent 2021 figures, the median flat price per square metre evolved by -5.93%%.

Location factors impacting property prices in SE8 5

Now that we’ve analysed how the price per square metre in SE8 5 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

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 SE8 5.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your SE8 5 postcode sector is served per the above list in the table below.

Type of amenities Number in SE8 5
NHS Trusts (hospitals) 0
Practioners 19
Pharmacies 1
Schools 5
Shopping centres (within 5mi) 20
Public transports (train or tube stations) 0

Future developments in SE8 5

The attractivity of an area can be measured partially via the number of ongoing or upcoming developments. Indeed with further housing developments an area is able to welcome more people to live around increasing the demand for the given area. To check if this has an impact on the property you are looking to buy or sell in SE8 5 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Comparing SE8 5 with nearby postcodes

To provide more SE8 5 insight, we’ve done similar in-depth analysis on nearby postcode sectors too.
Review the table below and feel free to navigate around. You may uncover interesting opportunities and learnings for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
SE8 3 £6183.82 See our analysis on SE8 3 property prices
SE8 4 £7144.07 See our analysis on SE8 4 property prices
SE8 5 £6014.12 See our analysis on SE8 5 property prices

Property factors increasing prices in SE8 5

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 consider:

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 SE8 5 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 SE8 5

Total Floor area distribution for flats in SE8 5

Total Floor area distribution for other property types in SE8 5

Forecasting SE8 5 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 SE8 5 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.

Socioeconomic factors impacting property values in SE8 5

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.

Household income and employment rates in SE8 5

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for SE8 5’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 SE8 5 property prices too.
The map below displays your sector’s job rate. Beyond location, the property market also responds to economic and demographic factors like interest rates, population growth, and average household income.

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

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