A guide to property prices in SM5 4

Learn all about South London with our property guides

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.

Predicting SM5 4 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 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 SM5 4 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.

Examining property prices in SM5 4

For flats

In 2021, 9 flats sold in SM5 4 – a/an increase/decrease (choose one) of -10.00%% versus 2020. To better grasp 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 helpful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a SM5 4 flat was £3941.18. This means 50% of flats sold for less than this.
See the table below to observe how the median price changed from 2016 to 2021.

Year Median Sqm Price inSM5 4 (in£) Growth Rate (in %)
2021 £3941.18 -%
2020 £4809.28 0.4%
2018 £4485.29 7.6%
2016 £4363.64 10.6%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SM5 4 was £4809.28. Compared to the newest 2021 figures, the median flat price per square metre evolved by 8.10%%.

For houses

In SM5 4 in 2021, there were 63 houses sold. This represents an increase of 12.50% 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 4.

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 4 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £5410.96. 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 4 (in£) Growth Rate (in %)
2021 £5410.96 -%
2020 £5233.67 8.1%
2018 £5069.57 11.6%
2016 £4772.73 18.5%

Understanding the table – example with 2018: In 2018, the median house price per square metre in SM5 4 was £5069.57. Compared to the latest 2021 data, the median house price per square metre increased by 11.60%%.

For other types of property

In addition to houses and flats, SM5 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. To initiate our property price guide, we want to summarise how costs are distributed in SM5 4 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.

To keep in mind

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 SM5 4?

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

How SM5 4 compares with nearby postcode sectors

To provide more SM5 4 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
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

Property related factors driving the prices up in SM5 4

Property features & built form

Features like built form, number of rooms, bathrooms etc. greatly affect price – more features mean higher prices. Recent features also increase value.
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

Clearly, floor area impacts the price you’ll sell or pay. To better grasp SM5 4, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SM5 4, this may provide insight on opportunities.

Total floor area distribution for SM5 4 houses

Total Floor area distribution for flats in SM5 4

Total Floor area distribution for other property types in SM5 4

Location factors impacting property prices in SM5 4

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 residents, raising demand. To see if this impacts SM5 4 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

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 SM5 4.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your SM5 4 postcode sector is served per the above list in the table below.

Type of amenities Number in SM5 4
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 0
Schools 8
Shopping centres (within 5mi) 11
Public transports (train or tube stations) 0

Now that we’ve looked at how the price per square metre in SM5 4 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

Socioeconomic factors influencing the price of a property in SM5 4

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.

Household income and job rates in SM5 4

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for SM5 4’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 SM5 4 property prices.
The map below displays the job 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.

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 *