A guide to property prices in SM1 4

View from an alley way in South London showing terraced houses

As a popular destination for renters, first time purchasers, and real estate investors, South London has seen appreciable growth. At Jukes, we aim to delve into how property values have changed over the years and provide essential tips to help you: sell or buy a home at an optimal value.
In this guide we’ll study macroeconomic factors impacting property prices, and carefully inspect price variations based on the type of property you own or plan to obtain.
Note: The data in this piece includes 2010 – 2021. We’re enhancing this model and article with the most current 2023 information.

Property values in SM1 4

For houses

In SM1 4 in 2021, there were 82 houses sold. This represents an increase of 24.24% 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 SM1 4 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 SM1 4 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £5338.14. 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 inSM1 4 (in£) Growth Rate (in %)
2021 £5338.14 -%
2020 £5047.36 12.1%
2018 £4768.88 18.6%
2016 £4757.27 18.9%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in SM1 4 was £4768.88. Compared to 2021 data, the median house price per square metre rose by 18.63%%.

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 SM1 4?

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

To start our property value guide, we want to summarise how prices are allocated in SM1 4 based on property type. To do this, we’ll inspect 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’s site. We then divide the price by the property’s area.
This gives us the exact price per square metre paid. We group these prices into brackets (£1000-£1500) showing a property sold for a price per square metre between £1000 and £1500.

For flats

In 2021, 60 flats sold in SM1 4 – a/an increase/decrease (choose one) of -3.23%% 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 SM1 4 flat was £4899.96 – 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 inSM1 4 (in£) Growth Rate (in %)
2021 £4899.96 -%
2020 £4699.52 2.7%
2018 £5178.57 -6.8%
2016 £4807.05 0.4%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SM1 4 was £4699.52. Versus the most recent 2021 figures, the median flat price per square metre evolved by 12.09%%.

For other types of property

In addition to houses and flats, SM1 4 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.

Property related factors driving the prices up in SM1 4

Property sizes

Clearly, floor area impacts the price you’ll sell or pay for. To better understand SM1 4, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SM1 4, this may provide insight into opportunities.

Total floor area distribution for SM1 4 houses

Total Floor area distribution for flats in SM1 4

Total Floor area distribution for other property types in SM1 4

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.”

Socioeconomic factors influencing the price of a property in SM1 4

Household income and employment rates in SM1 4

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 SM1 4 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 SM1 4 too.
The map below displays the employment rate in your sector. Apart from location, the property market also responds to economic and demographic factors like interest rates, population growth, and average household income.

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 ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

Comparing SM1 4 with nearby postcodes

To help you get a better understanding of the SM1 4 area, we’ve also put together a similar deep dive analysis on the nearby postcode sectors.

Have a quick look at the following table and don’t hesitate to navigate around. You might find interesting opportunities and learnings on these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
SM1 1 £5370.37 See our analysis on SM1 1 property prices
SM1 2 £5060.24 See our analysis on SM1 2 property prices
SM1 3 £5136.36 See our analysis on SM1 3 property prices
SM1 4 £5047.36 See our analysis on SM1 4 property prices

Forecasting SM1 4 property prices 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 SM1 4 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.

Location factors impacting property prices in SM1 4

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 SM1 4.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your SM1 4 postcode sector is served per the above list in the table below.

Type of amenities Number in SM1 4
NHS Trusts (hospitals) 0
Practioners 34
Pharmacies 1
Schools 4
Shopping centres (within 5mi) 11
Public transports (train or tube stations) 0

Future developments in SM1 4

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 SM1 4 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Now that we had a look at how the price per square metre in SM1 4 has changed over time let’s dig a little deeper in the factors that impact the price of the property you are looking to buy or sell.

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

  • Trusted estate agent
  • More than 25 years of experience combined
  • We help you focus on your objective (investment, 1st time buy)

Leave a Reply

Your email address will not be published. Required fields are marked *