Navigating property values in SM6 8

A map showing London. Learn more about the city's property market with our guide

South London has seen major growth as a popular location for renters, first time buyers, and real estate investors. Here at Jukes, we want to analyse how property prices have changed over time and provide key insights to help you: sell or purchase a home at the optimal price.
In this guide we’ll examine macroeconomic factors impacting property values, and take a close look at price changes depending on the type of home you own or plan to acquire.
Note: The data in this article covers 2010 – 2021. We’re working to enhance this model and article with the most up-to-date 2023 figures.

Comparing SM6 8 with nearby postcodes

To help you get a better understanding of the SM6 8 area, we’ve also put together a similar deep dive analysis on the nearby postcode sectors.

Have a quick look at the following table and don’t hesitate to navigate around. You might find interesting opportunities and learnings on 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

Socioeconomic factors influencing the price of a property in SM6 8

Household income and job rates in SM6 8

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for SM6 8’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 8 property prices too.
The map below displays your sector’s job rate. Beyond location, the property market also responds to economic and demographic factors like interest rates, population growth, and average household income.

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.

Property factors driving price rises in SM6 8

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp SM6 8, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in SM6 8, this may provide insight on opportunities.

Total floor area distribution for SM6 8 houses

Total Floor area distribution for flats in SM6 8

Total Floor area distribution for other property types in SM6 8

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.”

Predicting SM6 8 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 8 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.

Deciphering property prices in SM6 8

For other types of property

In addition to houses and flats, SM6 8 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. To kick off our property value guide, we aim to give a summary of how prices are spread in SM6 8 by property type. To accomplish this, we’ll analyse the price per square metre to evaluate the distribution. We determine the price per square metre by accessing the price paid data from the Government’s site. We then divide the price by the property’s square footage.
This provides the precise price per square metre paid. We group these prices into ranges (£1000-£1500) indicating a property sold for a price per square metre within £1000 to £1500.

For houses

In SM6 8 in 2021, there were 113 houses sold. This represents an increase of 73.85% 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 SM6 8.

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 SM6 8 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £5000.0. 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 inSM6 8 (in£) Growth Rate (in %)
2021 £5000 -%
2020 £4732.56 19.5%
2018 £4521.74 25.1%
2016 £4424.46 27.9%

Understanding the table – example with 2018: In 2018, the median house price per square metre in SM6 8 was £4521.74. Compared to the latest 2021 data, the median house price per square metre increased by 25.12%%.

A note of importance

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 SM6 8?

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, 40 flats sold in SM6 8 – a/an increase/decrease (choose one) of 135.29%% 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 8 flat was £4600.42 – 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 8 (in£) Growth Rate (in %)
2021 £4600.42 -%
2020 £4393.94 9.9%
2018 £5100.5 -5.4%
2016 £4697.64 2.8%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SM6 8 was £4393.94. Versus the most recent 2021 figures, the median flat price per square metre evolved by 19.54%%.

Location factors affecting property prices in SM6 8

Closeness to public amenities

Now that we’ve reviewed how the price per square metre in SM6 8 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 8.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your SM6 8 postcode sector is served per the above list in the table below.

Type of amenities Number in SM6 8
NHS Trusts (hospitals) 0
Practioners 11
Pharmacies 1
Schools 3
Shopping centres (within 5mi) 10
Public transports (train or tube stations) 0

Future developments around

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 SM6 8 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Now that we had a look at how the price per square metre in SM6 8 has changed over time let’s dig a little deeper in the factors that impact the price of the property you are looking to buy or sell.

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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