Property values in KT3 3: What you need to know

The busy South London stations

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.

Socioeconomic factors influencing the price of a property in KT3 3

Interest rates

In the last 5 years, Britain’s economic conditions have dramatically shifted. Between 2019 and 2024, the Bank of England increased interest rates multiple times to address growing inflation and cool an economy recovering from post-covid measures.
Higher interest rates directly affect the property market by impacting buyers’ borrowing capacity. At the same time, with fewer prospective buyers, potential sellers may hesitate to list for fear of lower prices.

Household income and employment rates in KT3 3

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for KT3 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 KT3 3 property prices.
The map below displays the job rate in your sector.

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.

Location factors impacting property prices in KT3 3

Closeness 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 KT3 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your KT3 3 postcode sector is served per the above list in the table below.

Type of amenities Number in KT3 3
NHS Trusts (hospitals) 0
Practioners 47
Pharmacies 2
Schools 7
Shopping centres (within 5mi) 11
Public transports (train or tube stations) 0

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 KT3 3 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below. Now that we’ve looked at how the price per square metre in KT3 3 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

Property elements driving price increases in KT3 3

Property features & built form

Features like built form, number of rooms, bathrooms etc. significantly impact price – the more features, the higher the price. Recent features also boost value.
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

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 KT3 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 KT3 3

Total Floor area distribution for flats in KT3 3

Total Floor area distribution for other property types in KT3 3

Deciphering property prices in KT3 3

For other types of property

Beyond houses and flats, KT3 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.

For flats

In 2021, 25 flats sold in KT3 3 – a/an increase/decrease (choose one) of 56.25%% versus 2020. To better grasp 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 helpful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a KT3 3 flat was £6371.05. This means 50% of flats sold for less than this.
See the table below to observe how the median price changed from 2016 to 2021.

Year Median Sqm Price inKT3 3 (in£) Growth Rate (in %)
2021 £6371.05 -%
2020 £5816.7 -17%
2018 £5902.71 -18.2%
2016 £5507.94 -12.4%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in KT3 3 was £5816.7. Compared to the newest 2021 figures, the median flat price per square metre evolved by -10.61%%. To begin our property price guide, we want to provide an overview of how costs are distributed in KT3 3 based on property type. To do this, we’ll examine 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 site. We then divide the price by the property’s floor area.
This gives us the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) showing a property was sold at a price per square metre between £1000 and £1500.

A note of importance

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 KT3 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 KT3 3 in 2021, there were 124 houses sold. This represents an increase of 67.57% in house sales versus the prior year.
The chart below will assist in understanding the distribution of these prices, providing insight into the types and sizes of houses sold in KT3 3 in 2021.

After analysing the price distribution, we can examine the median price. Put simply, the median price splits the group of houses sold in 2021 in KT3 3 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £6687.18.
This number alone may not be very informative unless compared to previous years. Refer to the table below to see how the median price has changed: versus 2020, versus 2018 (3 years prior), and versus 2016 (5 years ago):

Year Median Sqm Price inKT3 3 (in£) Growth Rate (in %)
2021 £6687.18 -%
2020 £6328.88 -10.6%
2018 £6293.54 -10.1%
2016 £5967.74 -5.2%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a KT3 3 house was £6293.54. Against the newest 2021 data, the median house price per square metre rose by -10.11%%.

Comparing KT3 3 with nearby postcodes

To provide more KT3 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 learnings for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
KT3 3 £6328.88 See our analysis on KT3 3 property prices
KT3 4 £5876.29 See our analysis on KT3 4 property prices
KT3 5 £5624.84 See our analysis on KT3 5 property prices
KT3 6 £5783.55 See our analysis on KT3 6 property prices

Predicting KT3 3 property prices in 2024-2025

At Jukes we have been trying to solve this equation for the past 35 years and let’s be honest, no one has a magic crystal ball and can predict the future prices. The variables included in the prices as you have just read it are simply too many.

With the rise of machine learning and AI the models to predict trends are getting better but they cannot account for external factors yet and the property market can shit pretty quickly as it did in the past.

It is for this reason that we decided not to show any prediction but rather adopted the position of showing the trend over the past 14 years. The chart below shows you all the property sales that happened in KT3 3, their price, the floor area of the property and the date of sale. Additionally, this chart presents you with a trend line showing the average property price for the given year. As you can see there is an upward trend and in our opinion there is no reason that this trend should change as of February 2024. Nonetheless it’s the slope of the curve that may change in the future

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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