Property prices in KT1 3: A closer look

South London underground

With its increasing appeal among renters, first time buyers, and real estate investors, South London has witnessed significant development. At Jukes, our intention is to analyse how property prices have evolved over time and offer key guidance to assist you: sell or invest in a property at an ideal cost.
In this guide we’ll examine macroeconomic elements influencing property values, and closely inspect price changes based on the type of real estate you own or are looking to acquire.
Note: The data here covers 2010 – 2021. We’re updating this model and guide with the latest 2023 figures.

Property factors driving price rises in KT1 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

Naturally, floor area impacts the price you’ll sell or pay. To better grasp KT1 3, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in KT1 3, this may provide insight on opportunities.

Total floor area distribution for KT1 3 houses

Total Floor area distribution for flats in KT1 3

Total Floor area distribution for other property types in KT1 3

Comparing KT1 3 with nearby postcodes

To provide more KT1 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
KT1 1 £8846.15 See our analysis on KT1 1 property prices
KT1 2 £6603.05 See our analysis on KT1 2 property prices
KT1 3 £6384.93 See our analysis on KT1 3 property prices
KT1 4 £7457.26 See our analysis on KT1 4 property prices

Socioeconomic factors impacting property values in KT1 3

Household income and job rates in KT1 3

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for KT1 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 KT1 3 property prices.
The map below displays the job rate in your sector. Apart from location, the property market also responds to economic and demographic factors like interest rates, population growth, and average household income.

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.

Examining property prices in KT1 3

For houses

In KT1 3 in 2021, there were 95 houses sold. This represents an increase of 21.79% 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 KT1 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 KT1 3 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £6344.83. 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 inKT1 3 (in£) Growth Rate (in %)
2021 £6344.83 -%
2020 £6384.93 -11.4%
2018 £6516.39 -13.2%
2016 £6304.35 -10.3%

Understanding the table – example with 2018: In 2018, the median house price per square metre in KT1 3 was £6516.39. Compared to the latest 2021 data, the median house price per square metre increased by -13.18%%. To initiate our property price guide, we want to summarise how costs are distributed in KT1 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.

A note of importance

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what drives prices up or down. If you’re curious to learn about the many factors impacting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area possesses the knowledge to truly assess your property’s worth, or that dream home you hope to buy. They’re at the forefront of supply and demand there.

Looking to buy or sell your property in KT1 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 2021, 25 flats sold in KT1 3 – a/an increase/decrease (choose one) of -13.79%% versus 2020. To better comprehend the price per square metre distribution and sizes/types of flats sold in 2021, we’ve created the chart below.

The price distribution provides a useful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a KT1 3 flat was £6222.22 – so 50% of flats sold for less.
Check the table below to observe how the median price evolved between 2016 and 2021.

Year Median Sqm Price inKT1 3 (in£) Growth Rate (in %)
2021 £6222.22 -%
2020 £5677.97 -15%
2018 £6138.58 -21.4%
2016 £6092.33 -20.8%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in KT1 3 was £5677.97. Versus the most recent 2021 figures, the median flat price per square metre evolved by -11.39%%.

For other types of property

In addition to houses and flats, KT1 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.

Location factors impacting property prices in KT1 3

Future developments in KT1 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 KT1 3, we’ve compiled all upcoming developments from the London mayor’s website into the table below. Now that we’ve reviewed how the price per square metre in KT1 3 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Proximity 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 KT1 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your KT1 3 postcode sector is served per the above list in the table below.

Type of amenities Number in KT1 3
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 2
Schools 1
Shopping centres (within 5mi) 5
Public transports (train or tube stations) 0

Forecasting KT1 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 KT1 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.

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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