Property values in BR3 6: What you need to know

A view of South London terraced houses and their chimneys

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.

Examining property prices in BR3 6

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 6?

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, 44 flats were sold in BR3 6 – an increase/decrease (choose one) of 22.22%% 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 6 flat was £5147.44 – 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 6 (in£) Growth Rate (in %)
2021 £5147.44 -%
2020 £4925.18 -2%
2018 £4849.25 -0.4%
2016 £5070.42 -4.8%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a BR3 6 flat was £4925.18. Versus 2021 figures, the median flat price per square metre changed by -2.52%%. To start our property value guide, we want to summarise how prices are allocated in BR3 6 based on property type. To do this, we’ll inspect the price per square metre to assess the breakdown. We calculate the price per square metre by obtaining the price paid data from the Government’s site. We then divide the price by the property’s area.
This gives us the exact price per square metre paid. We group these prices into brackets (£1000-£1500) showing a property sold for a price per square metre between £1000 and £1500.

For houses

In BR3 6 in 2021, we saw 41 houses sold. This represents an an increase of 7.89% in house sales compared to the prior year.
The chart below will help you comprehend the distribution of these prices and thus can provide an idea of the types and sizes of houses that were sold in 2021 in BR3 6.

After examining the price distribution, we can now focus on the median price. Simply put, the median price divides the group of houses sold in 2021 in BR3 6 into two equal groups. In other words, it indicates that 50% of the houses sold in 2021 went for more than £6067.07.
This number alone may not be very informative unless you compare it to previous years. Have a look at the table below to see how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years ago):

Year Median Sqm Price inBR3 6 (in£) Growth Rate (in %)
2021 £6067.07 -%
2020 £5803.9 -2.5%
2018 £5510.2 2.7%
2016 £5810.19 -2.6%

Understanding the table – example with 2018: In 2018, the median house price per square metre in BR3 6 was £5510.2. Versus the most recent 2021 data, the median house price per square metre increased by 2.67%%.

For other types of property

In addition to houses and flats, BR3 6 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.

Predicting BR3 6 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 6 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.

Socioeconomic factors influencing the price of a property in BR3 6

Household income and employment rates in BR3 6

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for BR3 6’s household income level, as it may positively impact selling your property. We can’t exclude the job rate from this socioeconomic analysis either. It directly relates to household income. The data shows a clear link between the employment rate and BR3 6 property prices too.
The map below displays your sector’s job rate.

Interest rates

Over the past 5 years the economic conditions in Great Britain have drastically changed. Between 2019 and 2024 the Bank of England raised its interest rate multiple times to face a growing inflation and cool down an economy that was recovering from post-covid measures.

Interest rates have a direct impact on the property market as it will impact the capacity for potential buyers to borrow money. At the same time, with less prospective buyers, potential sellers are less likely to sell amid the fear of selling for a lower price.

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

Location factors impacting property prices in BR3 6

Check for future developments

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more potential residents, raising demand. To see if this impacts BR3 6 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below. Now that we’ve analysed how the price per square metre in BR3 6 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

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 6 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 6) is served according to the above list

Type of amenities Number in BR3 6
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 1
Schools 2
Shopping centres (within 5mi) 11
Public transports (train or tube stations) 0

Property factors driving price rises in BR3 6

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.”

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand BR3 6, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in BR3 6, this may provide insight on opportunities.

Total floor area distribution for BR3 6 houses

Total Floor area distribution for flats in BR3 6

Total Floor area distribution for other property types in BR3 6

Comparing BR3 6 with nearby postcodes

To help you get a better understanding of the BR3 6 area, we’ve also put together a similar deep dive analysis on the nearby postcode sectors.

Have a quick look at the following table and don’t hesitate to navigate around. You might find interesting opportunities and learnings on 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

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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