A guide to property prices in SM6 7

The arty side of South London

As a popular destination for renters, first time purchasers, and real estate investors, South London has seen appreciable growth. At Jukes, we aim to delve into how property values have changed over the years and provide essential tips to help you: sell or buy a home at an optimal value.
In this guide we’ll study macroeconomic factors impacting property prices, and carefully inspect price variations based on the type of property you own or plan to obtain.
Note: The data in this piece includes 2010 – 2021. We’re enhancing this model and article with the most current 2023 information.

Location factors impacting property prices in SM6 7

Future developments around

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 SM6 7 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

Proximity to public amenities

Now that we’ve reviewed how the price per square metre in SM6 7 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 SM6 7.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your SM6 7 postcode sector is served per the above list in the table below.

Type of amenities Number in SM6 7
NHS Trusts (hospitals) 0
Practioners 8
Pharmacies 2
Schools 8
Shopping centres (within 5mi) 10
Public transports (train or tube stations) 1

Now that we’ve reviewed how the price per square metre in SM6 7 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Examining property prices in SM6 7

For other types of property

Beyond houses and flats, SM6 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.

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 7?

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For houses

In SM6 7 in 2021, there were 76 houses sold. This represents an increase of 52.00% 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 7 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 7 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £5373.14.
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 7 (in£) Growth Rate (in %)
2021 £5373.14 -%
2020 £5108.18 10.8%
2018 £5000 13.2%
2016 £4833.33 17.1%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a SM6 7 house was £5000.0. Against the newest 2021 data, the median house price per square metre rose by 13.15%%. To begin our property price guide, we want to provide an overview of how costs are distributed in SM6 7 based on property type. To do this, we’ll examine the price per square metre to assess the breakdown. We calculate the price per square metre by obtaining the price paid data from the Government site. We then divide the price by the property’s floor area.
This gives us the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) showing a property was sold at a price per square metre between £1000 and £1500.

For flats

In 2021, 30 flats sold in SM6 7 – a/an increase/decrease (choose one) of -83.33%% 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 SM6 7 flat was £4734.01 – 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 inSM6 7 (in£) Growth Rate (in %)
2021 £4734.01 -%
2020 £5818.09 -17%
2018 £5250.76 -8.1%
2016 £4662.79 3.5%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SM6 7 was £5818.09. Versus the most recent 2021 figures, the median flat price per square metre evolved by 10.75%%.

Property factors driving price rises in SM6 7

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 7 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 7

Total Floor area distribution for flats in SM6 7

Total Floor area distribution for other property types in SM6 7

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.”

Socioeconomic factors influencing property values in SM6 7

Household income and employment rates in SM6 7

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for SM6 7’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 SM6 7 property prices too.
The map below displays your sector’s job rate.

Interest rates

Over the past 5 years the economic conditions in Great Britain have drastically changed. Between 2019 and 2024 the Bank of England raised its interest rate multiple times to face a growing inflation and cool down an economy that was recovering from post-covid measures.

Interest rates have a direct impact on the property market as it will impact the capacity for potential buyers to borrow money. At the same time, with less prospective buyers, potential sellers are less likely to sell amid the fear of selling for a lower price.

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

How SM6 7 compares to nearby postcodes

To provide more SM6 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
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

Predicting SM6 7 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 quickly shift, as it has before.
That’s why we show 14 years of sales data – prices, sizes, and sale dates for SM6 7 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.

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

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  • We help you focus on your objective (investment, 1st time buy)

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