Decoding property prices in SE9 5

Learn all about South London with our property guides

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.

Forecasting SE9 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 quickly shift, as it has before.
That’s why we show 14 years of sales data – prices, sizes, and sale dates for SE9 5 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.

Property values in SE9 5

For other types of property

In addition to houses and flats, SE9 5 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.

For flats

In SE9 5 in 2021, 25 flats were sold. Compared to 2020, this is an increase of 19.05%%.

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 SE9 5 was £4393.94£. This means that when we look at the data, 50% of the flats sold in SE9 5 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 inSE9 5 (in£) Growth Rate (in %)
2021 £4393.94 -%
2020 £3983.87 21.2%
2018 £5769.23 -16.3%
2016 £4557.69 5.9%

How to read this table, example with 2020: in 2020 the median price per square metre in SE9 5 for a flat was 3983.87. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 17.82% %.

To initiate our property price guide, we want to summarise how costs are distributed in SE9 5 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.

For houses

In SE9 5 in 2021, there were 32 houses sold. This represents a decrease of -3.03% 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 SE9 5 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 SE9 5 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £5049.92.
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 inSE9 5 (in£) Growth Rate (in %)
2021 £5049.92 -%
2020 £4801.98 17.8%
2018 £4796.75 17.9%
2016 £4494.91 25.9%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a SE9 5 house was £4796.75. Against the newest 2021 data, the median house price per square metre rose by 17.94%%.

To keep in mind

What we’ve outlined here is an objective analysis of real prices paid – not an explanation of what impacts prices. If you want to learn about the many factors affecting your property’s value, see the information below.
And remember, only an agent deeply embedded in your local area has the knowledge to accurately assess your property’s worth, or that dream home you hope to buy. They’re on the front lines of supply and demand there.

Looking to buy or sell your property in SE9 5?

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Property elements driving price increases in SE9 5

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp SE9 5, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in SE9 5, this may provide insight on opportunities.

Total floor area distribution for SE9 5 houses

Total Floor area distribution for flats in SE9 5

Total Floor area distribution for other property types in SE9 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 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.”

Location factors impacting property prices in SE9 5

Future developments around the neighbourhood

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more residents, raising demand. To see if this impacts SE9 5 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Closeness 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 SE9 5.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your SE9 5 postcode sector is served per the above list in the table below.

Type of amenities Number in SE9 5
NHS Trusts (hospitals) 0
Practioners 27
Pharmacies 3
Schools 10
Shopping centres (within 5mi) 12
Public transports (train or tube stations) 0

Now that we’ve analysed how the price per square metre in SE9 5 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Comparing SE9 5 with nearby postcodes

To provide more SE9 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
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

Socioeconomic factors influencing property values in SE9 5

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.

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

Household income and employment rates in SE9 5

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 SE9 5 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 SE9 5, we see a clear correlation with the employment rate as well.

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

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