Decoding property prices in KT11 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.

How KT11 3 compares to nearby postcodes

To help you get a better understanding of the KT11 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
KT11 1 £5403.84 See our analysis on KT11 1 property prices
KT11 2 £5931.27 See our analysis on KT11 2 property prices
KT11 3 £6329.11 See our analysis on KT11 3 property prices

Location elements influencing property values in KT11 3

Closeness to public amenities

Whilst the size of the garden and number of rooms meet buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in KT11 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your KT11 3 postcode sector is served per the above list in the table below.

Type of amenities Number in KT11 3
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 3
Schools 3
Shopping centres (within 5mi) 5
Public transports (train or tube stations) 1

Future developments nearby

An area’s popularity can be gauged by its number of planned or in-progress developments. More housing means more residents, increasing demand. To see if this impacts KT11 3 properties you may buy or sell, we’ve gathered all upcoming developments from the London mayor’s website into the table below. Now that we’ve analysed how the price per square metre in KT11 3 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Examining property prices in KT11 3

For houses

In KT11 3 in 2021, there were 33 houses sold. This represents an increase of 43.48% 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 KT11 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 KT11 3 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £6286.55. 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 inKT11 3 (in£) Growth Rate (in %)
2021 £6286.55 -%
2020 £6329.11 -10.6%
2018 £6000 -5.7%
2016 £6604.71 -14.3%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in KT11 3 was £6000.0. Compared to 2021 data, the median house price per square metre rose by -5.71%%. To initiate our property price guide, we want to summarise how costs are distributed in KT11 3 by property type. To accomplish this, we’ll examine the price per square metre to evaluate the breakdown. We determine the price per square metre by accessing the price paid data from the Government’s website. We then divide the price by the property’s size.
This provides the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) indicating a property was sold for a price per square metre falling between £1000 and £1500.

For flats

In 2021, 7 flats were sold in KT11 3 – an increase/decrease (choose one) of -46.15%% over 2020. To better understand the price per square metre distribution and sizes/types of flats sold in 2021, we’ve put together the chart below.

While the price distribution provides a helpful snapshot, the median price also gives insight. In 2021, the median price per square metre for a KT11 3 flat was £5961.54 – meaning 50% of flats sold for less.
Refer to the table below to see how the median price changed between 2016 and 2021.

Year Median Sqm Price inKT11 3 (in£) Growth Rate (in %)
2021 £5961.54 -%
2020 £5820.9 -17.1%
2018 £4915.14 -1.8%
2016 £5488.73 -12%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a KT11 3 flat was £5820.9. Compared to the latest 2021 figures, the median flat price per square metre changed by -10.61%%.

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 KT11 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 other types of property

In addition to houses and flats, KT11 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.

So how property prices will evolve in KT11 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 KT11 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.

Socioeconomic factors impacting property prices in KT11 3

Household income and employment rates in KT11 3

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for KT11 3’s household income level, as it may positively impact selling your property. We can’t exclude the job rate from this socioeconomic analysis. It directly relates to household income. The data also shows a clear correlation between the employment rate and KT11 3 property prices.
The map below displays the job rate in your sector.

Interest rates

In the last 5 years, Britain’s economic conditions have dramatically changed. 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 ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

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

Property factors driving price rises in KT11 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

Obviously the floor area impacts the price you’ll sell or pay for. To better understand KT11 3, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in KT11 3, this may provide insight on opportunities.

Total floor area distribution for KT11 3 houses

Total Floor area distribution for flats in KT11 3

Total Floor area distribution for other property types in KT11 3

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

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

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