Navigating property values in KT23 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 related factors driving the prices up in KT23 3

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand KT23 3, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in KT23 3, this may provide insight on opportunities.

Total floor area distribution for KT23 3 houses

Total Floor area distribution for flats in KT23 3

Total Floor area distribution for other property types in KT23 3

Property features & built form

When it comes to features we usually include the built form but also the number of rooms, bathrooms etc. The more features a property has, and the recency of these features will significantly impact the price.

Also, when we talk about built forms we usually have the following list in mind:

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.”

Location factors impacting property prices in KT23 3

Future developments around

The attractivity of an area can be measured partially via the number of ongoing or upcoming developments. Indeed with further housing developments an area is able to welcome more people to live around increasing the demand for the given area. To check if this has an impact on the property you are looking to buy or sell in KT23 3 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Proximity 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 KT23 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your KT23 3 postcode sector is served per the above list in the table below.

Type of amenities Number in KT23 3
NHS Trusts (hospitals) 0
Practioners 16
Pharmacies 0
Schools 4
Shopping centres (within 5mi) 3
Public transports (train or tube stations) 1

Now that we’ve analysed how the price per square metre in KT23 3 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Comparing KT23 3 with nearby postcodes

To provide more context on KT23 3, we’ve done similar in-depth analysis 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
KT23 3 £5343.32 See our analysis on KT23 3 property prices
KT23 4 £5287.98 See our analysis on KT23 4 property prices

Socioeconomic factors influencing property values in KT23 3

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 job rates in KT23 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 KT23 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 KT23 3, we see a clear correlation with the employment rate as well.

The map below shows you 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.

Predicting KT23 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 quickly shift, as it has before.
That’s why we show 14 years of sales data – prices, sizes, and sale dates for KT23 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.

Deciphering property prices in KT23 3

A noteworthy notice

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 KT23 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, 8 flats were sold in KT23 3 – an increase/decrease (choose one) of -11.11%% 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 KT23 3 flat was £4461.15 – 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 inKT23 3 (in£) Growth Rate (in %)
2021 £4461.15 -%
2020 £5000 -3.4%
2018 £5816.33 -17%
2016 £4782.61 0.9%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a KT23 3 flat was £5000.0. Compared to the latest 2021 figures, the median flat price per square metre changed by 5.88%%.

For houses

In KT23 3 in 2021, there were 46 houses sold. This represents an increase of 15.00% 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 KT23 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 KT23 3 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £5639.63. 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 inKT23 3 (in£) Growth Rate (in %)
2021 £5639.63 -%
2020 £5343.32 5.9%
2018 £5162.34 9.6%
2016 £5236.22 8%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in KT23 3 was £5162.34. Compared to 2021 data, the median house price per square metre rose by 9.59%%.

For other types of property

Beyond houses and flats, KT23 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. To kick off our property value guide, we aim to give a summary of how prices are spread in KT23 3 by property type. To accomplish this, we’ll analyse the price per square metre to evaluate the distribution. We determine the price per square metre by accessing the price paid data from the Government’s site. We then divide the price by the property’s square footage.
This provides the precise price per square metre paid. We group these prices into ranges (£1000-£1500) indicating a property sold for a price per square metre within £1000 to £1500.

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)

Leave a Reply

Your email address will not be published. Required fields are marked *