Decoding property prices in KT15 3

A view of South London terraced houses and their chimneys

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.

Property prices in KT15 3

For houses

In KT15 3 in 2021, we saw 92 houses sold. This represents a decrease of -6.12% 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 KT15 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 KT15 3 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £5146.21.

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 inKT15 3 (in£) Growth Rate (in %)
2021 £5146.21 -%
2020 £4913.76 15.1%
2018 £4916.2 15.1%
2016 £4611.65 22.7%

How to read this table, example with 2018: in 2018 the median price per square metre in KT15 3 for a house was 4916.2. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 15.08% %.

For other types of property

KT15 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.

A quick 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 KT15 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 flats

In KT15 3 in 2021, 5 flats were sold. Compared to 2020, this is a decrease of -58.33%%.

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 KT15 3 was £4694.92£. This means that when we look at the data, 50% of the flats sold in KT15 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 inKT15 3 (in£) Growth Rate (in %)
2021 £4694.92 -%
2020 £4866.67 -0.8%
2018 £4210.53 14.7%
2016 £4875.38 -1%

How to read this table, example with 2020: in 2020 the median price per square metre in KT15 3 for a flat was 4866.67. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 15.14% %.

To start our property value guide, we want to summarise how prices are allocated in KT15 3 based on property type. To do this, we’ll inspect 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’s site. We then divide the price by the property’s area.
This gives us the exact price per square metre paid. We group these prices into brackets (£1000-£1500) showing a property sold for a price per square metre between £1000 and £1500.

Predicting KT15 3 property prices 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 KT15 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.

Location factors affecting property prices in KT15 3

Now that we’ve looked at how the price per square metre in KT15 3 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

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 KT15 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your KT15 3 postcode sector is served per the above list in the table below.

Type of amenities Number in KT15 3
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 3
Schools 5
Shopping centres (within 5mi) 5
Public transports (train or tube stations) 1

Future developments around the neighbourhood

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more residents, raising demand. To see if this impacts KT15 3 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Socioeconomic factors impacting property values in KT15 3

After talking about location based factors, we can now focus on factors apparently not related directly to the property itself. Indeed, it’s well known that the property market reacts to economic & demographic signals such as the interest rates, the population growth but also the average household income of the area.

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.

Household income and employment rates in KT15 3

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for KT15 3’s household income level, as it may positively influence selling your property. We can’t exclude the employment rate from this socioeconomic analysis. It directly relates to household income. The data shows a clear correlation between the job rate and KT15 3 property prices too.
The map below displays your sector’s employment rate.

Property related factors driving the prices up in KT15 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 consider:

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 KT15 3, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in KT15 3, this may provide insight on opportunities.

Total floor area distribution for KT15 3 houses

Total Floor area distribution for flats in KT15 3

Total Floor area distribution for other property types in KT15 3

Comparing KT15 3 with nearby postcodes

To provide more KT15 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
KT15 1 £4754.81 See our analysis on KT15 1 property prices
KT15 2 £4590.11 See our analysis on KT15 2 property prices
KT15 3 £4913.76 See our analysis on KT15 3 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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