Property prices in BR1 3: A closer look

A woman cycling in a South London park

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 BR1 3 with nearby postcodes

To provide more context on BR1 3, we’ve done similar in-depth analysis 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
BR1 1 £5478.72 See our analysis on BR1 1 property prices
BR1 2 £5259.74 See our analysis on BR1 2 property prices
BR1 3 £5357.14 See our analysis on BR1 3 property prices
BR1 4 £4678.41 See our analysis on BR1 4 property prices
BR1 5 £4768.44 See our analysis on BR1 5 property prices

Location elements influencing property values in BR1 3

Closeness to public amenities

Now that we’ve reviewed how the price per square metre in BR1 3 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 BR1 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your BR1 3 postcode sector is served per the above list in the table below.

Type of amenities Number in BR1 3
NHS Trusts (hospitals) 0
Practioners 30
Pharmacies 0
Schools 7
Shopping centres (within 5mi) 8
Public transports (train or tube stations) 2

Future developments around

An area’s popularity can be gauged by the number of ongoing or planned developments. More housing in an area means more people are able to live there, increasing demand. To check if this impacts properties you may buy or sell in BR1 3, we’ve compiled all upcoming developments from the London mayor’s website into the table below. Now that we’ve looked at how the price per square metre in BR1 3 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

Predicting BR1 3 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 BR1 3 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.

Socioeconomic factors influencing property values in BR1 3

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

Household income and employment rates in BR1 3

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for BR1 3’s household income level, as it may positively influence selling your property. We can’t exclude the employment rate from this socioeconomic analysis. It directly relates to household income. The data shows a clear correlation between the job rate and BR1 3 property prices too.
The map below displays your sector’s employment rate.

Interest rates

In the last 5 years, Britain’s economic conditions have dramatically changed. Between 2019 and 2024, the Bank of England raised interest rates multiple times to address growing inflation and cool an economy recovering from post-covid measures.
Higher interest rates directly impact the property market by affecting buyers’ borrowing ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

Deciphering property prices in BR1 3

To initiate our property price guide, we want to summarise how costs are distributed in BR1 3 by property type. To accomplish this, we’ll examine the price per square metre to evaluate the breakdown. We determine the price per square metre by accessing the price paid data from the Government’s website. We then divide the price by the property’s size.
This provides the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) indicating a property was sold for a price per square metre falling between £1000 and £1500.

For other types of property

BR1 3 has seen other types of properties being sold over the years but these do not represent a large proportion of the properties sold in 2021. We’ve gathered these properties in the chart above to show you how the price per square metre is distributed for these properties.

If the property you are looking to buy or sell falls into this category, feel free to reach out to us for more details and information. We will be able to provide you with an accurate valuation.

For flats

In BR1 3 in 2021, 92 flats were sold. Compared to 2020, this is an increase of 6.98%%.

To better understand how the price per square metre is distributed and give you an idea of the size and types of flats sold in 2021, we have put together the chart below.

Looking at the price distribution is a great way to get a snapshot of how flats are distributed but it is now interesting to have a look at the median price. In 2021, the median price per square metre for a flat in BR1 3 was £5039.68£. This means that when we look at the data, 50% of the flats sold in BR1 3 were sold for less than that.

Have a look at the table below to get an idea of how the median price has changed between 2016 and 2021

Year Median Sqm Price inBR1 3 (in£) Growth Rate (in %)
2021 £5039.68 -%
2020 £4996.33 -3.4%
2018 £4702.05 2.7%
2016 £5147.57 -6.2%

How to read this table, example with 2020: in 2020 the median price per square metre in BR1 3 for a flat was 4996.33. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 5.61% %.

A noteworthy notice

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what drives prices up or down. If you’re curious to learn about the many factors impacting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area possesses the knowledge to truly assess your property’s worth, or that dream home you hope to buy. They’re at the forefront of supply and demand there.

Looking to buy or sell your property in BR1 3?

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

For houses

In BR1 3 in 2021, we saw 98 houses sold. This represents an increase of 12.64% in the sales of houses compared to the previous year.

The chart below will help you understand the distribution of these prices and thus can give you an idea of the type and size of houses that were sold in 2021 in BR1 3.

After looking at the price distribution, we can now lean on and have a look at the median price. The median price, simply put, divides the group of houses sold in 2021 in BR1 3 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £5705.56.

This number alone might not bring valuable information unless you compare it to the previous years. Have a look at the table below to see how the median price has evolved: versus the previous year (2020), versus 3 years before (2018) and versus 5 years ago (2016):

Year Median Sqm Price inBR1 3 (in£) Growth Rate (in %)
2021 £5705.56 -%
2020 £5357.14 5.6%
2018 £5275.59 7.2%
2016 £5152.98 9.8%

How to read this table, example with 2018: in 2018 the median price per square metre in BR1 3 for a house was 5275.59. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 7.24% %.

Property factors driving price rises in BR1 3

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

Clearly, floor area impacts the price you’ll sell or pay for. To better understand BR1 3, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in BR1 3, this may provide insight into opportunities.

Total floor area distribution for BR1 3 houses

Total Floor area distribution for flats in BR1 3

Total Floor area distribution for other property types in BR1 3

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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