Property prices in CR0 3: A closer look

A view of South London terraced houses and their chimneys

With its increasing appeal among renters, first time buyers, and real estate investors, South London has witnessed significant development. At Jukes, our intention is to analyse how property prices have evolved over time and offer key guidance to assist you: sell or invest in a property at an ideal cost.
In this guide we’ll examine macroeconomic elements influencing property values, and closely inspect price changes based on the type of real estate you own or are looking to acquire.
Note: The data here covers 2010 – 2021. We’re updating this model and guide with the latest 2023 figures.

Property related factors driving the prices up in CR0 3

Property features & built form

When it comes to features we usually include the built form but also the number of rooms, bathrooms etc. The more features a property has, and the recency of these features will significantly impact the price.

Also, when we talk about built forms we usually have the following list in mind:

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 CR0 3, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in CR0 3, this may provide insight on opportunities.

Total floor area distribution for CR0 3 houses

Total Floor area distribution for flats in CR0 3

Total Floor area distribution for other property types in CR0 3

Location factors affecting property prices in CR0 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 CR0 3 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Proximity to public amenities

While the size of the garden or number of rooms align with buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in CR0 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your CR0 3 postcode sector is served per the above list in the table below.

Type of amenities Number in CR0 3
NHS Trusts (hospitals) 0
Practioners 17
Pharmacies 1
Schools 10
Shopping centres (within 5mi) 10
Public transports (train or tube stations) 0

Now that we’ve analysed how the price per square metre in CR0 3 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

So how property prices will evolve in CR0 3 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 CR0 3 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.

Analysing property values in CR0 3

A noteworthy notice

What we are presenting here is a factual analysis of the prices buyers paid. It is not here to give an explanation of what makes the price evolve. If you are interested in finding out more about the factors that impact the value of your property, you can have a look below.

Please also note that only an agent truly nested in your area will have the knowledge to assess the value of your property or the property you want to buy as they are at the forefront of the demand and the supply.

Looking to buy or sell your property in CR0 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 CR0 3 in 2021, there were 120 houses sold. This represents an increase of 37.93% 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 CR0 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 CR0 3 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £4532.29.
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 inCR0 3 (in£) Growth Rate (in %)
2021 £4532.29 -%
2020 £4405.41 28.4%
2018 £4243.9 33.3%
2016 £4175.82 35.5%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a CR0 3 house was £4243.9. Against the newest 2021 data, the median house price per square metre rose by 33.31%%.

First to start our property price guide we want to give an overview of how prices are distributed in CR0 3 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.

For flats

In 2021, 5 flats sold in CR0 3 – a/an increase/decrease (choose one) of -82.14%% 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 CR0 3 flat was £5373.13 – 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 inCR0 3 (in£) Growth Rate (in %)
2021 £5373.13 -%
2020 £5235.58 -7.8%
2018 £2811.95 71.7%
2016 £3428.57 40.8%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in CR0 3 was £5235.58. Versus the most recent 2021 figures, the median flat price per square metre evolved by 28.42%%.

For other types of property

Beyond houses and flats, CR0 3 has seen some other property types trade hands over the years, though these do not account for a large share 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 that falls into this category, please reach out for additional details and insight. We can provide an accurate valuation tailored to your specific situation.

Socioeconomic factors impacting property values in CR0 3

Household income and employment rates in CR0 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 CR0 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 CR0 3 too.
The map below displays the employment rate in your sector. Apart from location, the property market also reacts to economic and demographic factors like interest rates, population growth, and average household income.

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.

Comparing CR0 3 with nearby postcodes

To help you get a better understanding of the CR0 3 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
CR0 0 £4104.08 See our analysis on CR0 0 property prices
CR0 1 £4193.87 See our analysis on CR0 1 property prices
CR0 2 £3869.2 See our analysis on CR0 2 property prices
CR0 3 £4405.41 See our analysis on CR0 3 property prices
CR0 4 £4488.64 See our analysis on CR0 4 property prices
CR0 5 £4833.33 See our analysis on CR0 5 property prices
CR0 6 £4611.11 See our analysis on CR0 6 property prices
CR0 7 £4303.8 See our analysis on CR0 7 property prices
CR0 8 £4680 See our analysis on CR0 8 property prices
CR0 9 £3650.79 See our analysis on CR0 9 property prices

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

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

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