Property prices in KT3 4: A closer look

Learn all about South London with our property guides

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.

Socioeconomic factors influencing the price of a property in KT3 4

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 & employment rates in KT3 4

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for KT3 4’s household income level, as it may positively impact selling your property. We can’t exclude the job rate from this socioeconomic analysis either. It directly relates to household income. The data shows a clear link between the employment rate and KT3 4 property prices too.
The map below displays your sector’s job rate.

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.

How KT3 4 compares with nearby postcode sectors

To provide more KT3 4 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
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

Forecasting KT3 4 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 4, 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

Property elements driving price increases in KT3 4

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand KT3 4, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in KT3 4, this may provide insight on opportunities.

Total floor area distribution for KT3 4 houses

Total Floor area distribution for flats in KT3 4

Total Floor area distribution for other property types in KT3 4

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 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.”

Location factors affecting property prices in KT3 4

Check for future developments

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more potential residents, raising demand. To see if this impacts KT3 4 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

Closeness to public amenities

Now that we’ve reviewed how the price per square metre in KT3 4 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Closeness to public amenities

Whilst the size of the garden and number of rooms suit buyers’ and sellers’ needs, proximity to conveniences also enhances a property’s value in KT3 4.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your KT3 4 postcode sector is served per the above list in the table below.

Type of amenities Number in KT3 4
NHS Trusts (hospitals) 0
Practioners 4
Pharmacies 3
Schools 4
Shopping centres (within 5mi) 11
Public transports (train or tube stations) 1

Now that we’ve reviewed how the price per square metre in KT3 4 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Deciphering property prices in KT3 4

For houses

In KT3 4 in 2021, there were 51 houses sold. This represents an increase of 45.71% 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 KT3 4 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 KT3 4 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £6419.75. 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 inKT3 4 (in£) Growth Rate (in %)
2021 £6419.75 -%
2020 £5876.29 -3.7%
2018 £6199.88 -8.7%
2016 £6088.71 -7.1%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in KT3 4 was £6199.88. Compared to 2021 data, the median house price per square metre rose by -8.75%%.

For flats

In 2021, 14 flats were sold in KT3 4 – an increase/decrease (choose one) of -72.00%% 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 KT3 4 flat was £6684.32 – 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 inKT3 4 (in£) Growth Rate (in %)
2021 £6684.32 -%
2020 £6500.43 -25.7%
2018 £6467.99 -25.4%
2016 £7500 -35.6%

Interpreting the table – example with 2020: In 2020, the median price per square metre for a KT3 4 flat was £6500.43. Compared to the latest 2021 figures, the median flat price per square metre changed by -3.72%%. To begin our property price guide, we want to provide an overview of how costs are distributed in KT3 4 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.

Important note

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 4?

Our team at Jukes gives you a valuation in less than 24h or help you find the properties you have been dreaming of

For other types of property

In addition to houses and flats, KT3 4 has seen some other property types change hands over the years, though these represent a small portion 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 in this group, please contact us for more details and insight. We’re happy to provide an accurate, tailored valuation.

Consider buying or selling in South London? Go with Jukes!

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  • More than 25 years of experience combined
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