Decoding property prices in SM6 9

View from an alley way in South London showing terraced houses

With its increasing appeal among renters, first time buyers, and real estate investors, South London has witnessed significant development. At Jukes, our intention is to analyse how property prices have evolved over time and offer key guidance to assist you: sell or invest in a property at an ideal cost.
In this guide we’ll examine macroeconomic elements influencing property values, and closely inspect price changes based on the type of real estate you own or are looking to acquire.
Note: The data here covers 2010 – 2021. We’re updating this model and guide with the latest 2023 figures.

Location factors impacting property prices in SM6 9

Proximity to public amenities

Now that we’ve reviewed how the price per square metre in SM6 9 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 9.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your SM6 9 postcode sector is served per the above list in the table below.

Type of amenities Number in SM6 9
NHS Trusts (hospitals) 0
Practioners 8
Pharmacies 3
Schools 9
Shopping centres (within 5mi) 10
Public transports (train or tube stations) 0

Now that we had a look at how the price per square metre in SM6 9 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.

Check for future developments

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

Examining property prices in SM6 9

For flats

In 2021, 20 flats sold in SM6 9 – a/an increase/decrease (choose one) of -37.50%% 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 9 flat was £3938.1 – 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 9 (in£) Growth Rate (in %)
2021 £3938.1 -%
2020 £3889.51 24.1%
2018 £4320.99 11.7%
2016 £4367.09 10.5%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SM6 9 was £3889.51. Versus the most recent 2021 figures, the median flat price per square metre evolved by 18.43%%. To start our property value guide, we want to summarise how prices are allocated in SM6 9 based on property type. To do this, we’ll inspect 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’s site. We then divide the price by the property’s area.
This gives us the exact price per square metre paid. We group these prices into brackets (£1000-£1500) showing a property sold for a price per square metre between £1000 and £1500.

For houses

In SM6 9 in 2021, there were 82 houses sold. This represents an increase of 9.33% in house sales versus the previous year.
The chart below will assist in comprehending the distribution of these prices, providing insight into the types and sizes of houses sold in SM6 9 in 2021.

After analysing the price distribution, we can focus on the median price. Simply stated, the median price separates the group of houses sold in 2021 in SM6 9 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £5286.94. This number alone may not provide much value unless compared to prior years. Refer to the table below to observe how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years ago):

Year Median Sqm Price inSM6 9 (in£) Growth Rate (in %)
2021 £5286.94 -%
2020 £4777.07 18.4%
2018 £4637.56 22%
2016 £4148.8 36.4%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in SM6 9 was £4637.56. Compared to 2021 data, the median house price per square metre rose by 21.99%%.

For other types of property

Beyond houses and flats, SM6 9 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.

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 SM6 9?

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

Predicting SM6 9 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 SM6 9 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.

Comparing SM6 9 with nearby postcodes

To provide more SM6 9 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
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 impacting property values in SM6 9

Household income and job rates in SM6 9

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for SM6 9’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 SM6 9 property prices.
The map below displays the job rate in your sector. 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.

Property factors increasing prices in SM6 9

Property features & built form

Features like built form, number of rooms, bathrooms etc. significantly impact price – the more features, the higher the price. Recent features also boost value.
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.”

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp SM6 9, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in SM6 9, this may provide insight on opportunities.

Total floor area distribution for SM6 9 houses

Total Floor area distribution for flats in SM6 9

Total Floor area distribution for other property types in SM6 9

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 *