A guide to property prices in SM4 6

South London underground

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.

Socioeconomic factors impacting property prices in SM4 6

After talking about location based factors, we can now focus on factors apparently not related directly to the property itself. Indeed, it’s well known that the property market reacts to economic & demographic signals such as the interest rates, the population growth but also the average household income of the area.

Household income and employment rates in SM4 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 SM4 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 SM4 6 too.
The map below displays the employment rate in your sector.

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.

Property factors increasing prices in SM4 6

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp SM4 6, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SM4 6, this may provide insight on opportunities.

Total floor area distribution for SM4 6 houses

Total Floor area distribution for flats in SM4 6

Total Floor area distribution for other property types in SM4 6

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.”

Property prices in SM4 6

For other types of property

In addition to houses and flats, SM4 6 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.

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 SM4 6?

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

For flats

In 2021, 19 flats sold in SM4 6 – a/an increase/decrease (choose one) of 46.15%% 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 SM4 6 flat was £5064.1 – 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 inSM4 6 (in£) Growth Rate (in %)
2021 £5064.1 -%
2020 £4897.23 -1.4%
2018 £4678.74 3.2%
2016 £4895.83 -1.4%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SM4 6 was £4897.23. Versus the most recent 2021 figures, the median flat price per square metre evolved by 9.16%%.

For houses

In SM4 6 in 2021, we saw 106 houses sold. This represents an increase of 30.86% in the sales of houses compared to the previous year.

The chart below will help you understand the distribution of these prices and thus can give you an idea of the type and size of houses that were sold in 2021 in SM4 6.

After looking at the price distribution, we can now lean on and have a look at the median price. The median price, simply put, divides the group of houses sold in 2021 in SM4 6 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £5396.39.

This number alone might not bring valuable information unless you compare it to the previous years. Have a look at the table below to see how the median price has evolved: versus the previous year (2020), versus 3 years before (2018) and versus 5 years ago (2016):

Year Median Sqm Price inSM4 6 (in£) Growth Rate (in %)
2021 £5396.39 -%
2020 £5182.93 9.2%
2018 £5067.57 11.6%
2016 £4976.92 13.7%

How to read this table, example with 2018: in 2018 the median price per square metre in SM4 6 for a house was 5067.57. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 11.64% %.

First to start our property price guide we want to give an overview of how prices are distributed in SM4 6 on the type of property. To do so, we will look at the price per square metre to assess the distribution. To create the charts, we are calculating the price per square metre by getting the price paid data from the Government website. Then we divide the price by the surface area of the property.

Once this is done, it gives us the exact price per square metre paid and we finally categorise these prices into buckets (£1000-£1500) indicating that a given property has been sold with a price per square metre oscillating between £1000 and £1500.

So how property prices will evolve in SM4 6 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 SM4 6 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.

How SM4 6 compares to nearby postcodes

To provide more SM4 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 info for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
SM4 4 £5535.71 See our analysis on SM4 4 property prices
SM4 5 £5691.93 See our analysis on SM4 5 property prices
SM4 6 £5182.93 See our analysis on SM4 6 property prices

Location based factors in SM4 6 impacting the price of your property

Proximity to public amenities

One major feature of a property may not necessarily be the size of the garden or the number of rooms. Obviously these correspond to your needs as a buyer, and landlord or a seller. What will truly bring value to your property in SM4 6 will also be its proximity to amenities.

The following ones make a significant impact on the price.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

We have gathered in the following table how your postcode sector (SM4 6) is served according to the above list

Type of amenities Number in SM4 6
NHS Trusts (hospitals) 0
Practioners 19
Pharmacies 2
Schools 12
Shopping centres (within 5mi) 14
Public transports (train or tube stations) 0

Future developments nearby

The attractivity of an area can be measured partially via the number of ongoing or upcoming developments. Indeed with further housing developments an area is able to welcome more people to live around increasing the demand for the given area. To check if this has an impact on the property you are looking to buy or sell in SM4 6 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Now that we’ve reviewed how the price per square metre in SM4 6 has shifted over time, let’s explore factors impacting the worth of properties you may 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 *