Navigating property values in SM6 0

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 SM6 0 with nearby postcodes

To provide more SM6 0 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
SM6 0 £5183.04 See our analysis on SM6 0 property prices
SM6 7 £5108.18 See our analysis on SM6 7 property prices
SM6 8 £4732.56 See our analysis on SM6 8 property prices
SM6 9 £4777.07 See our analysis on SM6 9 property prices

Property elements driving price increases in SM6 0

Property sizes

Obviously when looking at buying the floor area of the property has a direct impact on the price you’ll be selling at or paying for. In order to get a clearer picture of SM6 0 we have come up with the following charts showing the distribution of properties depending on their total floor area.

Total Floor area distribution for houses in SM6 0

Total Floor area distribution for flats in SM6 0

Total Floor area distribution for other property types in SM6 0

Property features & built form

When it comes to features we usually include the built form but also the number of rooms, bathrooms etc. The more features a property has, and the recency of these features will significantly impact the price.

Also, when we talk about built forms we usually have the following list in mind:

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.”

Socioeconomic factors impacting property values in SM6 0

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

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 job rates in SM6 0

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 SM6 0 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 SM6 0 too.
The map below displays the employment rate in your sector.

Location factors affecting property prices in SM6 0

Future developments around

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 SM6 0 properties you may buy or sell, we’ve gathered all upcoming developments from the London mayor’s website into the table below.

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 SM6 0.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your SM6 0 postcode sector is served per the above list in the table below.

Type of amenities Number in SM6 0
NHS Trusts (hospitals) 0
Practioners 52
Pharmacies 3
Schools 3
Shopping centres (within 5mi) 10
Public transports (train or tube stations) 1

Now that we’ve looked at how the price per square metre in SM6 0 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

Predicting SM6 0 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 SM6 0 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 prices in SM6 0

For houses

In SM6 0 in 2021, there were 35 houses sold. This represents an increase of 34.62% in house sales versus the prior year.
The chart below will assist in understanding the distribution of these prices, providing insight into the types and sizes of houses sold in SM6 0 in 2021.

After analysing the price distribution, we can examine the median price. Put simply, the median price splits the group of houses sold in 2021 in SM6 0 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £5000.0.
This number alone may not be very informative unless compared to previous years. Refer to the table below to see how the median price has changed: versus 2020, versus 2018 (3 years prior), and versus 2016 (5 years ago):

Year Median Sqm Price inSM6 0 (in£) Growth Rate (in %)
2021 £5000 -%
2020 £5183.04 9.2%
2018 £5214.56 8.5%
2016 £4535.28 24.7%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a SM6 0 house was £5214.56. Against the newest 2021 data, the median house price per square metre rose by 8.49%%.

For flats

In 2021, 53 flats were sold in SM6 0 – an increase/decrease (choose one) of 20.45%% over 2020.
To better grasp the price per square metre distribution and sizes/types of flats sold in 2021, we’ve assembled the chart below.

While the price distribution gives a helpful snapshot, the median price also provides insight. In 2021, the median price per square metre for a SM6 0 flat was £4253.73 – meaning 50% of flats sold for less than this. See the table below to view how the median price changed between 2016 and 2021.

Year Median Sqm Price inSM6 0 (in£) Growth Rate (in %)
2021 £4253.73 -%
2020 £4191.18 15.2%
2018 £4449.28 8.5%
2016 £4250 13.6%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a SM6 0 flat was £4191.18. Versus 2021 figures, the median flat price per square metre changed by 9.15%%.

A quick note

What we are presenting here is a factual analysis of the prices buyers paid. It is not here to give an explanation of what makes the price evolve. If you are interested in finding out more about the factors that impact the value of your property, you can have a look below.

Please also note that only an agent truly nested in your area will have the knowledge to assess the value of your property or the property you want to buy as they are at the forefront of the demand and the supply.

Looking to buy or sell your property in SM6 0?

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

In addition to houses and flats, SM6 0 has seen some other property types change hands over the years, though these represent a small portion 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 in this group, please contact us for more details and insight. We’re happy to provide an accurate, tailored valuation.

First to start our property price guide we want to give an overview of how prices are distributed in SM6 0 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.

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