Decoding property prices in BR3 3

A woman cycling in a South London park

South London is increasingly attractive for renters, first time home buyers, and real estate investors. At Jukes, our goal is to study how property values have shifted over time and offer key recommendations to assist you: sell or acquire a property at the best price.
In this guide we’ll analyse macroeconomic elements driving property prices, and closely examine price fluctuations depending on the type of property you own or hope to purchase.
Note: The data here encompasses 2010 – 2021. We’re updating this model and article with the newest 2023 data.

Comparing BR3 3 with nearby postcodes

To provide more BR3 3 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 learnings for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
BR3 1 £5832.68 See our analysis on BR3 1 property prices
BR3 3 £5227.27 See our analysis on BR3 3 property prices
BR3 4 £5861.11 See our analysis on BR3 4 property prices
BR3 5 £5834.55 See our analysis on BR3 5 property prices
BR3 6 £5803.9 See our analysis on BR3 6 property prices

Property values in BR3 3

For flats

In 2021, 13 flats sold in BR3 3 – a/an increase/decrease (choose one) of 8.33%% versus 2020. To better grasp 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 helpful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a BR3 3 flat was £5409.09. This means 50% of flats sold for less than this.
See the table below to observe how the median price changed from 2016 to 2021.

Year Median Sqm Price inBR3 3 (in£) Growth Rate (in %)
2021 £5409.09 -%
2020 £4583.75 5.3%
2018 £4809.32 0.4%
2016 £5223.8 -7.6%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in BR3 3 was £4583.75. Compared to the newest 2021 figures, the median flat price per square metre evolved by 8.23%%. To initiate our property price guide, we want to summarise how costs are distributed in BR3 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.

To keep in mind

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 BR3 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 BR3 3 in 2021, there were 116 houses sold. This represents a decrease of -12.78% 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 BR3 3 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 BR3 3 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £5652.71.
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 inBR3 3 (in£) Growth Rate (in %)
2021 £5652.71 -%
2020 £5227.27 8.2%
2018 £5078.96 11.4%
2016 £5296.3 6.8%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a BR3 3 house was £5078.96. Against the newest 2021 data, the median house price per square metre rose by 11.39%%.

For other types of property

In addition to houses and flats, BR3 3 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.

Socioeconomic factors influencing property values in BR3 3

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.

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

Household income & employment rates in BR3 3

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for BR3 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 BR3 3 property prices too.
The map below displays your sector’s employment rate.

Property elements driving price increases in BR3 3

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp BR3 3, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in BR3 3, this may provide insight on opportunities.

Total floor area distribution for BR3 3 houses

Total Floor area distribution for flats in BR3 3

Total Floor area distribution for other property types in BR3 3

Property features & built form

Features like built form, number of rooms, bathrooms etc significantly impact price – more and newer features mean higher prices.
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 BR3 3 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 BR3 3 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.

Location factors affecting property prices in BR3 3

Future developments nearby

The attractivity of an area can be measured partially via the number of ongoing or upcoming developments. Indeed with further housing developments an area is able to welcome more people to live around increasing the demand for the given area. To check if this has an impact on the property you are looking to buy or sell in BR3 3 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Now that we’ve analysed how the price per square metre in BR3 3 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Closeness to public amenities

While garden size and number of rooms meet buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s worth in BR3 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your BR3 3 postcode sector is served per the above list in the table below.

Type of amenities Number in BR3 3
NHS Trusts (hospitals) 1
Practioners 59
Pharmacies 7
Schools 14
Shopping centres (within 5mi) 11
Public transports (train or tube stations) 1

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