Decoding property prices in BR5 3

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

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.

Predicting BR5 3 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 BR5 3, 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

Deciphering property prices in BR5 3

For flats

In 2021, 15 flats sold in BR5 3 – a/an increase/decrease (choose one) of -21.05%% 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 BR5 3 flat was £4741.38 – 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 inBR5 3 (in£) Growth Rate (in %)
2021 £4741.38 -%
2020 £3333.33 44.8%
2018 £4014.01 20.3%
2016 £3851.35 25.3%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in BR5 3 was £3333.33. Versus the most recent 2021 figures, the median flat price per square metre evolved by 36.33%%.

For other types of property

BR5 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 houses

In BR5 3 in 2021, there were 88 houses sold. This represents an increase of 27.54% 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 BR5 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 BR5 3 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £4601.42.
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 inBR5 3 (in£) Growth Rate (in %)
2021 £4601.42 -%
2020 £4150 36.3%
2018 £4051.06 39.7%
2016 £4103.83 37.9%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a BR5 3 house was £4051.06. Against the newest 2021 data, the median house price per square metre rose by 39.66%%. To begin our property price guide, we want to provide an overview of how costs are distributed in BR5 3 based on property type. To do this, we’ll examine 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 site. We then divide the price by the property’s floor area.
This gives us the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) showing a property was sold at a price per square metre between £1000 and £1500.

A noteworthy notice

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 BR5 3?

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

Comparing BR5 3 with nearby postcodes

To provide more BR5 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
BR5 1 £5728.64 See our analysis on BR5 1 property prices
BR5 2 £4382.79 See our analysis on BR5 2 property prices
BR5 3 £4150 See our analysis on BR5 3 property prices
BR5 4 £4277 See our analysis on BR5 4 property prices

Socioeconomic factors impacting property values in BR5 3

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

Household income and employment rates in BR5 3

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 BR5 3 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 BR5 3 too.
The map below displays the employment rate in your sector.

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.

Location factors affecting property prices in BR5 3

Now that we’ve analysed how the price per square metre in BR5 3 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Future developments in BR5 3

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 BR5 3 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

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 BR5 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your BR5 3 postcode sector is served per the above list in the table below.

Type of amenities Number in BR5 3
NHS Trusts (hospitals) 0
Practioners 4
Pharmacies 1
Schools 13
Shopping centres (within 5mi) 7
Public transports (train or tube stations) 0

Property factors increasing prices in BR5 3

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand BR5 3, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in BR5 3, this may provide insight on opportunities.

Total floor area distribution for BR5 3 houses

Total Floor area distribution for flats in BR5 3

Total Floor area distribution for other property types in BR5 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.”

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