SE2

Market Trends

The size of the property market in SE2 is 10138 homes.

When compared against a national average compound annual growth rate (CAGR) over the last 5 years of 12.5%, the growth in this postcode district has been 13.6%. This could well be because this is a dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

Over the last 3 months, the average property value for this postcode district has been £177274.

Since most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 10.3.

New transactions as a percentage of overall sales are 8.8%.

Housing Stock

  • The most commonly found type of housing in this area are Terraced Houses, making up 48% of the housing stock.
  • The least common type of property in this area is Detached Houses (2.9% of the total housing stock).
  • The property in this area caters well for retirees and young couples who do not have large families.
  • A high proportion of property in this area is socially rented.
  • The majority of property in this area is owner occupied.
  • The average price of a two bed property in this area is less that the national average of £187894 at £167366.

Present Day

  • There are 11387 men and 12553 women in this postcode district
  • The average age in this area is 34.
  • Single people make up 34.1% of the population in this postcode district.
  • Average working hours in this area for men are 42 and for women are 32.
  • This is one of the most densely populated places in the country, with 47.2 people per square kilometre.
  • The largest source of work in this area is Wholesale & Retail (16.2% of workers), followed by Construction (14.6%).