Navigating property values in CR5 3

A woman cycling in a South London park

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.

Property factors increasing prices in CR5 3

Property sizes

Obviously when looking at buying the floor area of the property has a direct impact on the price you’ll be selling at or paying for. In order to get a clearer picture of CR5 3 we have come up with the following charts showing the distribution of properties depending on their total floor area.

Total Floor area distribution for houses in CR5 3

Total Floor area distribution for flats in CR5 3

Total Floor area distribution for other property types in CR5 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.”

How CR5 3 compares to nearby postcodes

To provide more CR5 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 info for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
CR5 0 £4411.76 See our analysis on CR5 0 property prices
CR5 1 £4827.59 See our analysis on CR5 1 property prices
CR5 2 £4440.54 See our analysis on CR5 2 property prices
CR5 3 £4888.89 See our analysis on CR5 3 property prices

Analysing property values in CR5 3

For flats

In CR5 3 in 2021, 14 flats were sold. Compared to 2020, this is an increase of 16.67%%.

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 CR5 3 was £4836.07£. This means that when we look at the data, 50% of the flats sold in CR5 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 inCR5 3 (in£) Growth Rate (in %)
2021 £4836.07 -%
2020 £4367.48 10.5%
2018 £4666.67 3.4%
2016 £4491.98 7.5%

How to read this table, example with 2020: in 2020 the median price per square metre in CR5 3 for a flat was 4367.48. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 15.72% %.

For houses

In CR5 3 in 2021, there were 151 houses sold. This represents a decrease of 0.00% 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 CR5 3 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 CR5 3 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £5027.03. 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 inCR5 3 (in£) Growth Rate (in %)
2021 £5027.03 -%
2020 £4888.89 15.7%
2018 £4687.46 20.7%
2016 £4432.7 27.6%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in CR5 3 was £4687.46. Compared to 2021 data, the median house price per square metre rose by 20.69%%.

First to start our property price guide we want to give an overview of how prices are distributed in CR5 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 other types of property

In addition to houses and flats, CR5 3 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.

A quick note

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 CR5 3?

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

Location elements influencing property values in CR5 3

Closeness 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 CR5 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your CR5 3 postcode sector is served per the above list in the table below.

Type of amenities Number in CR5 3
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 1
Schools 8
Shopping centres (within 5mi) 6
Public transports (train or tube stations) 2

Future developments in CR5 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 CR5 3 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 looked at how the price per square metre in CR5 3 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

Predicting CR5 3 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 CR5 3 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 property values in CR5 3

Beyond 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 CR5 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 CR5 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 CR5 3, we see a clear correlation with the employment rate as well.

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

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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