Decoding property prices in SE9 2

A woman cycling in a South London park

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.

So how property prices will evolve in SE9 2 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 SE9 2 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.

Property factors increasing prices in SE9 2

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 SE9 2 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 SE9 2

Total Floor area distribution for flats in SE9 2

Total Floor area distribution for other property types in SE9 2

Property features & built form

Features like built form, number of rooms, bathrooms etc. greatly affect price – more features mean higher prices. Recent features also increase value.
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 prices in SE9 2

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 SE9 2?

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

For other types of property

In addition to houses and flats, SE9 2 has seen other property types change hands over the years, though these represent a small share 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 get in touch for more details and perspective. We’re happy to provide a tailored, accurate valuation.

For houses

In SE9 2 in 2021, there were 86 houses sold. This represents an increase of 8.86% 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 SE9 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 SE9 2 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £5317.32. 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 inSE9 2 (in£) Growth Rate (in %)
2021 £5317.32 -%
2020 £4917.36 15.1%
2018 £4683.59 20.8%
2016 £4622.34 22.4%

Understanding the table – example with 2018: In 2018, the median house price per square metre in SE9 2 was £4683.59. Compared to the latest 2021 data, the median house price per square metre increased by 20.79%%.

For flats

In 2021, 35 flats sold in SE9 2 – a/an increase/decrease (choose one) of 12.90%% 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 SE9 2 flat was £4867.92. 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 inSE9 2 (in£) Growth Rate (in %)
2021 £4867.92 -%
2020 £4529.31 6.6%
2018 £4607.84 4.8%
2016 £4499.29 7.3%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE9 2 was £4529.31. Compared to the newest 2021 figures, the median flat price per square metre evolved by 15.05%%. To initiate our property price guide, we want to summarise how costs are distributed in SE9 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.

Socioeconomic factors impacting property prices in SE9 2

Interest rates

In the last 5 years, Britain’s economic conditions have dramatically shifted. Between 2019 and 2024, the Bank of England increased interest rates multiple times to address growing inflation and cool an economy recovering from post-covid measures.
Higher interest rates directly affect the property market by impacting buyers’ borrowing capacity. At the same time, with fewer prospective buyers, potential sellers may hesitate to list for fear of lower prices.

Household income and employment rates in SE9 2

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for SE9 2’s household income level, as it may positively impact selling your property. We can’t exclude the job rate from this socioeconomic analysis. It directly relates to household income. The data also shows a clear correlation between the employment rate and SE9 2 property prices.
The map below displays the job rate in your sector. Beyond location, the property market also responds to economic and demographic factors like interest rates, population growth, and average household income.

Comparing SE9 2 with nearby postcodes

To provide more SE9 2 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
SE9 1 £5149.79 See our analysis on SE9 1 property prices
SE9 2 £4917.36 See our analysis on SE9 2 property prices
SE9 3 £4840.74 See our analysis on SE9 3 property prices
SE9 4 £4674.2 See our analysis on SE9 4 property prices
SE9 5 £4801.98 See our analysis on SE9 5 property prices
SE9 6 £4683.04 See our analysis on SE9 6 property prices

Location factors impacting property prices in SE9 2

Now that we’ve analysed how the price per square metre in SE9 2 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Future developments nearby

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 SE9 2 properties you may buy or sell, we’ve compiled all planned projects 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 SE9 2 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 SE9 2.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your SE9 2 postcode sector is served per the above list in the table below.

Type of amenities Number in SE9 2
NHS Trusts (hospitals) 0
Practioners 2
Pharmacies 3
Schools 9
Shopping centres (within 5mi) 12
Public transports (train or tube stations) 2

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