Property values in BR3 4: What you need to know

A map showing London. Learn more about the city's property market with our guide

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.

Location based factors in BR3 4 impacting the price of your property

Closeness to public amenities

One major feature of a property may not necessarily be the size of the garden or the number of rooms. Obviously these correspond to your needs as a buyer, and landlord or a seller. What will truly bring value to your property in BR3 4 will also be its proximity to amenities.

The following ones make a significant impact on the price.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

We have gathered in the following table how your postcode sector (BR3 4) is served according to the above list

Type of amenities Number in BR3 4
NHS Trusts (hospitals) 0
Practioners 25
Pharmacies 0
Schools 9
Shopping centres (within 5mi) 11
Public transports (train or tube stations) 3

Future developments around the neighbourhood

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 BR3 4, we’ve compiled all upcoming developments from the London mayor’s website into the table below. Now that we’ve reviewed how the price per square metre in BR3 4 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Comparing BR3 4 with nearby postcodes

To provide more BR3 4 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

Predicting BR3 4 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 BR3 4 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 the price of a property in BR3 4

After talking about location based factors, we can now focus on factors apparently not related directly to the property itself. Indeed, it’s well known that the property market reacts to economic & demographic signals such as the interest rates, the population growth but also the average household income of the area.

Interest rates

In the last 5 years, Britain’s economic conditions have drastically shifted. 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 capacity. At the same time, with fewer prospective buyers, potential sellers may hesitate to list for fear of lower prices.

Household income and job rates in BR3 4

Another price determiner is the area’s average household income. Prices tend to rise in areas where household incomes are increasing. See below where household income in the BR3 4 stands, as it may positively impact selling your property. We can’t omit the employment rate from this socioeconomic analysis either. It directly relates to the household income we just covered. The data shows a clear link between the employment rate and property prices in BR3 4 too.
The map below displays the employment rate in your sector.

Property values in BR3 4

For houses

In BR3 4 in 2021, there were 184 houses sold. This represents an increase of 40.46% 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 BR3 4 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 BR3 4 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £5881.45. 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 inBR3 4 (in£) Growth Rate (in %)
2021 £5881.45 -%
2020 £5861.11 -3.5%
2018 £5476.19 3.3%
2016 £5370.37 5.3%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in BR3 4 was £5476.19. Compared to 2021 data, the median house price per square metre rose by 3.31%%.

For flats

In 2021, 68 flats sold in BR3 4 – a/an increase/decrease (choose one) of 9.68%% 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 BR3 4 flat was £5541.97 – 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 inBR3 4 (in£) Growth Rate (in %)
2021 £5541.97 -%
2020 £5426.3 -11%
2018 £5332.22 -9.5%
2016 £5234.38 -7.8%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in BR3 4 was £5426.3. Versus the most recent 2021 figures, the median flat price per square metre evolved by -3.47%%.

First to start our property price guide we want to give an overview of how prices are distributed in BR3 4 on the type of property. To do so, we will look at the price per square metre to assess the distribution. To create the charts, we are calculating the price per square metre by getting the price paid data from the Government website. Then we divide the price by the surface area of the property.

Once this is done, it gives us the exact price per square metre paid and we finally categorise these prices into buckets (£1000-£1500) indicating that a given property has been sold with a price per square metre oscillating between £1000 and £1500.

Important note

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 BR3 4?

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

For other types of property

BR3 4 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.

Property factors driving price rises in BR3 4

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp BR3 4, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in BR3 4, this may provide insight on opportunities.

Total floor area distribution for BR3 4 houses

Total Floor area distribution for flats in BR3 4

Total Floor area distribution for other property types in BR3 4

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.”

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