Decoding property prices in SM7 1

A woman cycling in a South London park

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.

Socioeconomic factors impacting property values in SM7 1

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 capacity. At the same time, with fewer prospective buyers, potential sellers may hesitate to list for fear of lower prices.

Household income and employment rates in SM7 1

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for SM7 1’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 SM7 1 property prices too.
The map below displays your sector’s job rate. Apart from location, the property market also reacts to economic and demographic factors like interest rates, population growth, and average household income.

Forecasting SM7 1 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 SM7 1 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.

Property values in SM7 1

For other types of property

Beyond houses and flats, SM7 1 has seen some other property types trade hands over the years, though these do not account for a large share 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 that falls into this category, please reach out for additional details and insight. We can provide an accurate valuation tailored to your specific situation. To start our property value guide, we want to summarise how prices are allocated in SM7 1 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.

A noteworthy notice

What we’ve outlined here is an objective analysis of real prices paid – not an explanation of what impacts prices. If you want to learn about the many factors affecting your property’s value, see the information below.
And remember, only an agent deeply embedded in your local area has the knowledge to accurately assess your property’s worth, 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 SM7 1?

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For flats

In 2021, 7 flats were sold in SM7 1 – an increase/decrease (choose one) of -30.00%% over 2020. To better understand the price per square metre distribution and sizes/types of flats sold in 2021, we’ve put together the chart below.

While the price distribution provides a helpful snapshot, the median price also gives insight. In 2021, the median price per square metre for a SM7 1 flat was £4583.33 – meaning 50% of flats sold for less.
Refer to the table below to see how the median price changed between 2016 and 2021.

Year Median Sqm Price inSM7 1 (in£) Growth Rate (in %)
2021 £4583.33 -%
2020 £4488.01 7.6%
2018 £4811.32 0.3%
2016 £4642.86 4%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a SM7 1 flat was £4488.01. Compared to the latest 2021 figures, the median flat price per square metre changed by 9.07%%.

For houses

In SM7 1 in 2021, there were 96 houses sold. This represents an increase of 37.14% 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 SM7 1 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 SM7 1 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £5576.67.
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 inSM7 1 (in£) Growth Rate (in %)
2021 £5576.67 -%
2020 £5186.88 9.1%
2018 £5215.05 8.5%
2016 £4850.67 16.6%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a SM7 1 house was £5215.05. Against the newest 2021 data, the median house price per square metre rose by 8.48%%.

Property related factors driving the prices up in SM7 1

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

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 SM7 1 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 SM7 1

Total Floor area distribution for flats in SM7 1

Total Floor area distribution for other property types in SM7 1

Comparing SM7 1 with nearby postcodes

To provide more SM7 1 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
SM7 1 £5186.88 See our analysis on SM7 1 property prices
SM7 2 £4979.6 See our analysis on SM7 2 property prices
SM7 3 £5327.16 See our analysis on SM7 3 property prices

Location based factors in SM7 1 impacting the price of your property

Now that we’ve reviewed how the price per square metre in SM7 1 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Check for future developments

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 SM7 1 properties you may buy or sell, we’ve gathered all upcoming developments from the London mayor’s website into the table below.

Proximity to public amenities

While the size of the garden or number of rooms align with buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in SM7 1.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your SM7 1 postcode sector is served per the above list in the table below.

Type of amenities Number in SM7 1
NHS Trusts (hospitals) 0
Practioners 10
Pharmacies 1
Schools 7
Shopping centres (within 5mi) 4
Public transports (train or tube stations) 1

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