A guide to property prices in SM5 2

The busy South London stations

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.

Comparing SM5 2 with nearby postcodes

To provide more SM5 2 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
SM5 1 £5072.46 See our analysis on SM5 1 property prices
SM5 2 £5246.48 See our analysis on SM5 2 property prices
SM5 3 £5129.03 See our analysis on SM5 3 property prices
SM5 4 £5233.67 See our analysis on SM5 4 property prices

Forecasting SM5 2 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 factors 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 SM5 2 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 elements driving price increases in SM5 2

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.”

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand SM5 2, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in SM5 2, this may provide insight on opportunities.

Total floor area distribution for SM5 2 houses

Total Floor area distribution for flats in SM5 2

Total Floor area distribution for other property types in SM5 2

Property values in SM5 2

For flats

In 2021, 66 flats sold in SM5 2 – a/an increase/decrease (choose one) of 15.79%% 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 SM5 2 flat was £4879.54 – 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 inSM5 2 (in£) Growth Rate (in %)
2021 £4879.54 -%
2020 £5079.37 -5%
2018 £4910.71 -1.7%
2016 £4765.06 1.3%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SM5 2 was £5079.37. Versus the most recent 2021 figures, the median flat price per square metre evolved by 7.83%%.

To keep in mind

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 SM5 2?

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

To initiate our property price guide, we want to summarise how costs are distributed in SM5 2 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 other types of property

Beyond houses and flats, SM5 2 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 houses

In SM5 2 in 2021, there were 111 houses sold. This represents an increase of 24.72% 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 SM5 2.

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 SM5 2 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £5490.2. 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 inSM5 2 (in£) Growth Rate (in %)
2021 £5490.2 -%
2020 £5246.48 7.8%
2018 £5256.08 7.6%
2016 £4767.9 18.7%

Understanding the table – example with 2018: In 2018, the median house price per square metre in SM5 2 was £5256.08. Compared to the latest 2021 data, the median house price per square metre increased by 7.64%%.

Socioeconomic factors influencing the price of a property in SM5 2

Household income and job rates in SM5 2

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for SM5 2’s household income level, as it may positively impact selling your property. We can’t exclude the job rate from this socioeconomic analysis either. It directly relates to household income. The data shows a clear link between the employment rate and SM5 2 property prices too.
The map below displays your sector’s job rate.

Interest rates

In the last 5 years, Britain’s economic conditions have drastically shifted. 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 capacity. At the same time, with fewer prospective buyers, potential sellers may hesitate 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.

Location elements influencing property values in SM5 2

Proximity to public amenities

Now that we’ve reviewed how the price per square metre in SM5 2 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Closeness to public amenities

Whilst the size of the garden and number of rooms suit buyers’ and sellers’ needs, proximity to conveniences also enhances a property’s value in SM5 2.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your SM5 2 postcode sector is served per the above list in the table below.

Type of amenities Number in SM5 2
NHS Trusts (hospitals) 0
Practioners 25
Pharmacies 4
Schools 15
Shopping centres (within 5mi) 11
Public transports (train or tube stations) 1

Now that we’ve looked at how the price per square metre in SM5 2 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

Future developments around the neighbourhood

An area’s popularity can be gauged by its number of planned or in-progress developments. More housing means more residents, increasing demand. To see if this impacts SM5 2 properties you may buy or sell, we’ve gathered all upcoming developments from the London mayor’s website into the table below.

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

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

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