Navigating property values in CR4 3

The arty side of South London

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.

Socioeconomic factors impacting property values in CR4 3

Apart from location, the property market also responds 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 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 CR4 3

Another factor determining the price of a property will be the average household income in the area. There is a positive correlation between the price growth in an area where the average household income increases.

Check out below where the household income in CR4 3 is as it may have a positive impact on the sale of your property.

As part of this socioeconomic analysis, we cannot forget to mention the employment rate. This is because it is also directly related to the household income we just mentioned. When looking at the data and trying to understand the correlation between the different factors and the price of a property in CR4 3, we see a clear correlation with the employment rate as well.

The map below shows you the employment rate in your sector.

Location elements influencing property values in CR4 3

Now that we’ve looked at how the price per square metre in CR4 3 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

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 CR4 3 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

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 CR4 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your CR4 3 postcode sector is served per the above list in the table below.

Type of amenities Number in CR4 3
NHS Trusts (hospitals) 0
Practioners 47
Pharmacies 4
Schools 13
Shopping centres (within 5mi) 11
Public transports (train or tube stations) 0

Property related factors driving the prices up in CR4 3

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

Naturally, floor area impacts the price you’ll sell or pay. To better grasp CR4 3, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in CR4 3, this may provide insight on opportunities.

Total floor area distribution for CR4 3 houses

Total Floor area distribution for flats in CR4 3

Total Floor area distribution for other property types in CR4 3

How CR4 3 compares with nearby postcode sectors

To provide more CR4 3 insight, we’ve done similar in-depth analysis on nearby postcode sectors too.
Review the table below and feel free to navigate around. You may uncover interesting opportunities and learnings for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
CR4 1 £4390.46 See our analysis on CR4 1 property prices
CR4 2 £5015.35 See our analysis on CR4 2 property prices
CR4 3 £4948.96 See our analysis on CR4 3 property prices
CR4 4 £4588.24 See our analysis on CR4 4 property prices

So how property prices will evolve in CR4 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 CR4 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.

Deciphering property prices in CR4 3

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 CR4 3?

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

To kick off our property value guide, we aim to give a summary of how prices are spread in CR4 3 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.

For houses

In CR4 3 in 2021, we saw 88 houses sold. This represents an increase of 95.56% in the sales of houses compared to the previous year.

The chart below will help you understand the distribution of these prices and thus can give you an idea of the type and size of houses that were sold in 2021 in CR4 3.

After looking at the price distribution, we can now lean on and have a look at the median price. The median price, simply put, divides the group of houses sold in 2021 in CR4 3 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £5358.5.

This number alone might not bring valuable information unless you compare it to the previous years. Have a look at the table below to see how the median price has evolved: versus the previous year (2020), versus 3 years before (2018) and versus 5 years ago (2016):

Year Median Sqm Price inCR4 3 (in£) Growth Rate (in %)
2021 £5358.5 -%
2020 £4948.96 14.3%
2018 £5010.04 12.9%
2016 £4553.57 24.2%

How to read this table, example with 2018: in 2018 the median price per square metre in CR4 3 for a house was 5010.04. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 12.92% %.

For flats

In CR4 3 in 2021, 47 flats were sold. Compared to 2020, this is an increase of 42.42%%.

To better understand how the price per square metre is distributed and give you an idea of the size and types of flats sold in 2021, we have put together the chart below.

Looking at the price distribution is a great way to get a snapshot of how flats are distributed but it is now interesting to have a look at the median price. In 2021, the median price per square metre for a flat in CR4 3 was £5311.32£. This means that when we look at the data, 50% of the flats sold in CR4 3 were sold for less than that.

Have a look at the table below to get an idea of how the median price has changed between 2016 and 2021

Year Median Sqm Price inCR4 3 (in£) Growth Rate (in %)
2021 £5311.32 -%
2020 £4830.51 -0.1%
2018 £5202.48 -7.2%
2016 £4919.35 -1.9%

How to read this table, example with 2020: in 2020 the median price per square metre in CR4 3 for a flat was 4830.51. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 14.32% %.

For other types of property

In addition to houses and flats, CR4 3 has seen other property types change hands over the years, though these represent a small share 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 get in touch for more details and perspective. We’re happy to provide a tailored, accurate valuation.

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

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  • More than 25 years of experience combined
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