Decoding property prices in KT17 3

View from an alley way in South London showing terraced houses

As a popular destination for renters, first time purchasers, and real estate investors, South London has seen appreciable growth. At Jukes, we aim to delve into how property values have changed over the years and provide essential tips to help you: sell or buy a home at an optimal value.
In this guide we’ll study macroeconomic factors impacting property prices, and carefully inspect price variations based on the type of property you own or plan to obtain.
Note: The data in this piece includes 2010 – 2021. We’re enhancing this model and article with the most current 2023 information.

Forecasting KT17 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 factors 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 quickly shift, as it has before.
That’s why we show 14 years of sales data – prices, sizes, and sale dates for KT17 3 properties. The chart also displays a yearly average price trendline. As you can see, an upward trajectory that in our view won’t change as of February 2024. Though the curve’s slope may shift ahead.

Location factors impacting property prices in KT17 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 KT17 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your KT17 3 postcode sector is served per the above list in the table below.

Type of amenities Number in KT17 3
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 0
Schools 5
Shopping centres (within 5mi) 5
Public transports (train or tube stations) 0

Now that we’ve reviewed how the price per square metre in KT17 3 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Future developments in KT17 3

An area’s popularity can be gauged by the number of ongoing or planned developments. More housing in an area means more people are able to live there, increasing demand. To check if this impacts properties you may buy or sell in KT17 3, we’ve compiled all upcoming developments from the London mayor’s website into the table below.

Comparing KT17 3 with nearby postcodes

To help you get a better understanding of the KT17 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
KT17 1 £5460.53 See our analysis on KT17 1 property prices
KT17 2 £5344.83 See our analysis on KT17 2 property prices
KT17 3 £5423.87 See our analysis on KT17 3 property prices
KT17 4 £5868.85 See our analysis on KT17 4 property prices

Property related factors driving the prices up in KT17 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.”

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 KT17 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 KT17 3

Total Floor area distribution for flats in KT17 3

Total Floor area distribution for other property types in KT17 3

Socioeconomic factors influencing property values in KT17 3

Household income and employment rates in KT17 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 KT17 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 KT17 3 too.
The map below displays the employment rate in your sector. 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.

Property values in KT17 3

For flats

In KT17 3 in 2021, 4 flats were sold. Compared to 2020, this is a decrease of 0.00%%.

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 KT17 3 was £4849.61£. This means that when we look at the data, 50% of the flats sold in KT17 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 inKT17 3 (in£) Growth Rate (in %)
2021 £4849.61 -%
2020 £5046.71 -4.3%
2018 £0 0%
2016 £4578.31 5.4%

How to read this table, example with 2020: in 2020 the median price per square metre in KT17 3 for a flat was 5046.71. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 4.31% %.

For other types of property

Beyond houses and flats, KT17 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.

First to start our property price guide we want to give an overview of how prices are distributed in KT17 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.

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 KT17 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 KT17 3 in 2021, there were 55 houses sold. This represents an increase of 37.50% in house sales compared to the previous year.
The chart below will help understand the distribution of these prices, giving insight into the types and sizes of houses sold in 2021 in KT17 3.

After reviewing the price distribution, we can examine the median price. Simply put, the median price separates the group of houses sold in 2021 in KT17 3 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £5600.0. This number alone may not provide much value unless compared to previous years. See the table below to observe how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years prior):

Year Median Sqm Price inKT17 3 (in£) Growth Rate (in %)
2021 £5600 -%
2020 £5423.87 4.3%
2018 £5000 13.2%
2016 £5238.49 8%

Understanding the table – example with 2018: In 2018, the median house price per square metre in KT17 3 was £5000.0. Compared to the latest 2021 data, the median house price per square metre increased by 13.15%%.

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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