Navigating property values in SM2 6

View from an alley way in South London showing terraced houses

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 increasing prices in SM2 6

Property features & built form

Features like built form, number of rooms, bathrooms etc. significantly impact price – the more features, the higher the price. Recent features also boost value.
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

Clearly, floor area impacts the price you’ll sell or pay. To better grasp SM2 6, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SM2 6, this may provide insight on opportunities.

Total floor area distribution for SM2 6 houses

Total Floor area distribution for flats in SM2 6

Total Floor area distribution for other property types in SM2 6

Socioeconomic factors impacting property values in SM2 6

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.

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

Household income and job rates in SM2 6

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 SM2 6 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 SM2 6 too.
The map below displays the employment rate in your sector.

How SM2 6 compares to nearby postcodes

To provide more SM2 6 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 learnings for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
SM2 5 £5045.05 See our analysis on SM2 5 property prices
SM2 6 £5377.66 See our analysis on SM2 6 property prices
SM2 7 £5820.27 See our analysis on SM2 7 property prices

Predicting SM2 6 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 SM2 6 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 values in SM2 6

For flats

In 2021, 100 flats were sold in SM2 6 – an increase/decrease (choose one) of 31.58%% over 2020. To better understand the price per square metre distribution and sizes/types of flats sold in 2021, we’ve put together the chart below.

While the price distribution provides a helpful snapshot, the median price also gives insight. In 2021, the median price per square metre for a SM2 6 flat was £4887.58 – meaning 50% of flats sold for less.
Refer to the table below to see how the median price changed between 2016 and 2021.

Year Median Sqm Price inSM2 6 (in£) Growth Rate (in %)
2021 £4887.58 -%
2020 £4619.17 4.5%
2018 £5000 -3.4%
2016 £4808.1 0.4%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a SM2 6 flat was £4619.17. Compared to the latest 2021 figures, the median flat price per square metre changed by 5.20%%.

For other types of property

Beyond houses and flats, SM2 6 has seen some other property types trade hands over the years, though these do not account for a large share 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 that falls into this category, please reach out for additional details and insight. We can provide an accurate valuation tailored to your specific situation.

For houses

In SM2 6 in 2021, there were 73 houses sold. This represents an increase of 55.32% 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 SM2 6.

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 SM2 6 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £5489.13. 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 inSM2 6 (in£) Growth Rate (in %)
2021 £5489.13 -%
2020 £5377.66 5.2%
2018 £5477.54 3.3%
2016 £4854.37 16.5%

Understanding the table – example with 2018: In 2018, the median house price per square metre in SM2 6 was £5477.54. Compared to the latest 2021 data, the median house price per square metre increased by 3.29%%.

A quick note

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what impacts prices. If you want to learn about the many factors affecting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area has the knowledge to truly assess your property’s value, 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 SM2 6?

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

To kick off our property value guide, we aim to give a summary of how prices are spread in SM2 6 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.

Location elements influencing property values in SM2 6

Closeness 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 SM2 6.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your SM2 6 postcode sector is served per the above list in the table below.

Type of amenities Number in SM2 6
NHS Trusts (hospitals) 0
Practioners 11
Pharmacies 1
Schools 4
Shopping centres (within 5mi) 8
Public transports (train or tube stations) 1

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 potential residents, raising demand. To see if this impacts SM2 6 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 SM2 6 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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