Navigating property values in SM2 7

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.

Property elements driving price increases in SM2 7

Property sizes

Clearly, floor area impacts the price you’ll sell or pay for. To better understand SM2 7, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SM2 7, this may provide insight into opportunities.

Total floor area distribution for SM2 7 houses

Total Floor area distribution for flats in SM2 7

Total Floor area distribution for other property types in SM2 7

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.”

Deciphering property prices in SM2 7

For houses

In SM2 7 in 2021, there were 51 houses sold. This represents an increase of 15.91% 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 7.

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 7 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £5827.07. 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 7 (in£) Growth Rate (in %)
2021 £5827.07 -%
2020 £5820.27 -2.8%
2018 £5177.45 9.3%
2016 £5573.25 1.5%

Understanding the table – example with 2018: In 2018, the median house price per square metre in SM2 7 was £5177.45. Compared to the latest 2021 data, the median house price per square metre increased by 9.27%%. To initiate our property price guide, we want to summarise how costs are distributed in SM2 7 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.

A noteworthy notice

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 7?

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

Beyond houses and flats, SM2 7 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, 4 flats were sold in SM2 7 – an increase/decrease (choose one) of 33.33%% 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 7 flat was £4781.25 – 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 7 (in£) Growth Rate (in %)
2021 £4781.25 -%
2020 £5172.41 -6.7%
2018 £5833.33 -17.2%
2016 £5196.08 -7.1%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a SM2 7 flat was £5172.41. Compared to the latest 2021 figures, the median flat price per square metre changed by -2.80%%.

Socioeconomic factors impacting property prices in SM2 7

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.

Household income and employment rates in SM2 7

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for SM2 7’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 SM2 7 property prices.
The map below displays the job rate in your sector. Apart from location, the property market also reacts to economic and demographic factors like interest rates, population growth, and average household income.

So how property prices will evolve in SM2 7 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 SM2 7 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.

Location factors impacting property prices in SM2 7

Closeness to public amenities

Whilst the size of the garden and number of rooms meet buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in SM2 7.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your SM2 7 postcode sector is served per the above list in the table below.

Type of amenities Number in SM2 7
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 1
Schools 4
Shopping centres (within 5mi) 8
Public transports (train or tube stations) 1

Future developments in SM2 7

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 7 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 analysed how the price per square metre in SM2 7 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

How SM2 7 compares with nearby postcode sectors

To provide more SM2 7 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

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)

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