Property prices in BR3 5: A closer look

View from an alley way in South London showing terraced houses

South London is an up and coming area for renters, first time buyers and property investors. At Jukes we want to take a step back to analyse how property prices have evolved over time and give some key elements to help you: sell or buy your property at the right price.
In this guide we will look at macro economic factors influencing the price of a property but also take a deeper look at the evolution of prices depending on the type of property you own or you are looking to buy.
Note: the data shown in this article covers the period 2010 – 2021. We are working to improve this model and article with the latest data for 2023.

Property factors increasing prices in BR3 5

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp BR3 5, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in BR3 5, this may provide insight on opportunities.

Total floor area distribution for BR3 5 houses

Total Floor area distribution for flats in BR3 5

Total Floor area distribution for other property types in BR3 5

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 consider:

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.”

How BR3 5 compares with nearby postcode sectors

To provide more BR3 5 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

Socioeconomic factors influencing property values in BR3 5

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

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

Household income & employment rates in BR3 5

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 5 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 5 too.
The map below displays the employment rate in your sector.

Forecasting BR3 5 property prices in 2024-2025

At Jukes we have been trying to solve this equation for the past 35 years and let’s be honest, no one has a magic crystal ball and can predict the future prices. The variables included in the prices as you have just read it are simply too many.

With the rise of machine learning and AI the models to predict trends are getting better but they cannot account for external factors yet and the property market can shit pretty quickly as it did in the past.

It is for this reason that we decided not to show any prediction but rather adopted the position of showing the trend over the past 14 years. The chart below shows you all the property sales that happened in BR3 5, their price, the floor area of the property and the date of sale. Additionally, this chart presents you with a trend line showing the average property price for the given year. As you can see there is an upward trend and in our opinion there is no reason that this trend should change as of February 2024. Nonetheless it’s the slope of the curve that may change in the future

Location factors impacting property prices in BR3 5

Closeness to public amenities

Now that we’ve reviewed how the price per square metre in BR3 5 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 BR3 5.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your BR3 5 postcode sector is served per the above list in the table below.

Type of amenities Number in BR3 5
NHS Trusts (hospitals) 0
Practioners 18
Pharmacies 1
Schools 5
Shopping centres (within 5mi) 11
Public transports (train or tube stations) 1

Now that we’ve analysed how the price per square metre in BR3 5 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Future developments around

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more residents, raising demand. To see if this impacts BR3 5 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Property values in BR3 5

For houses

In BR3 5 in 2021, there were 31 houses sold. This represents an increase of 3.33% 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 5 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 5 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £6086.96. 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 5 (in£) Growth Rate (in %)
2021 £6086.96 -%
2020 £5834.55 -3%
2018 £5508.98 2.7%
2016 £5284.93 7.1%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in BR3 5 was £5508.98. Compared to 2021 data, the median house price per square metre rose by 2.70%%.

To keep in mind

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 BR3 5?

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

For flats

In 2021, 130 flats were sold in BR3 5 – an increase/decrease (choose one) of 16.07%% over 2020.
To better grasp the price per square metre distribution and sizes/types of flats sold in 2021, we’ve assembled the chart below.

While the price distribution gives a helpful snapshot, the median price also provides insight. In 2021, the median price per square metre for a BR3 5 flat was £5282.37 – meaning 50% of flats sold for less than this. See the table below to view how the median price changed between 2016 and 2021.

Year Median Sqm Price inBR3 5 (in£) Growth Rate (in %)
2021 £5282.37 -%
2020 £5290.41 -8.7%
2018 £5220.59 -7.5%
2016 £5375.25 -10.2%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a BR3 5 flat was £5290.41. Versus 2021 figures, the median flat price per square metre changed by -3.03%%.

For other types of property

Beyond houses and flats, BR3 5 has seen other property types trade hands over the years, though these make up a small portion of 2021 sales. We’ve shown the price per square metre distribution for these assorted properties in the chart below.

If you’re aiming to buy or sell a more unique property in this group, please contact us for additional insight and details. We can provide an accurate, tailored valuation. To kick off our property value guide, we aim to give a summary of how prices are spread in BR3 5 by property type. To accomplish this, we’ll analyse the price per square metre to evaluate the distribution. We determine the price per square metre by accessing the price paid data from the Government’s site. We then divide the price by the property’s square footage.
This provides the precise price per square metre paid. We group these prices into ranges (£1000-£1500) indicating a property sold for a price per square metre within £1000 to £1500.

Consider buying or selling in South London? Go with Jukes!

  • Trusted estate agent
  • More than 25 years of experience combined
  • We help you focus on your objective (investment, 1st time buy)

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