Property prices in KT3 5: A closer look

The arty side of South London

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.

How KT3 5 compares to nearby postcodes

To help you get a better understanding of the KT3 5 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
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 5 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 KT3 5 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 elements influencing property values in KT3 5

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 KT3 5.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your KT3 5 postcode sector is served per the above list in the table below.

Type of amenities Number in KT3 5
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 1
Schools 7
Shopping centres (within 5mi) 11
Public transports (train or tube stations) 1

Now that we’ve looked at how the price per square metre in KT3 5 has changed over time, let’s explore elements impacting the value of properties you may buy or sell.

Check for future developments

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 KT3 5 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Deciphering property prices in KT3 5

A quick note

What we’ve presented here is an objective analysis of real prices paid – not an explanation of what makes prices rise or fall. If you want to learn about the many factors impacting your property’s value, see the information below.
And remember, only an agent deeply rooted in your local area has the knowledge to truly assess your property’s value, or that dream home you hope to acquire. They’re on the front lines of supply and demand there.

Looking to buy or sell your property in KT3 5?

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 5 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.

For flats

In KT3 5 in 2021, 11 flats were sold. Compared to 2020, this is an increase of 37.50%%.

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 KT3 5 was £5084.75£. This means that when we look at the data, 50% of the flats sold in KT3 5 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 inKT3 5 (in£) Growth Rate (in %)
2021 £5084.75 -%
2020 £6049.24 -20.2%
2018 £4421.72 9.2%
2016 £4928.57 -2%

How to read this table, example with 2020: in 2020 the median price per square metre in KT3 5 for a flat was 6049.24. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 0.58% %.

For houses

In KT3 5 in 2021, we saw 104 houses sold. This represents an increase of 48.57% in the sales of houses compared to the previous year.

The chart below will help you understand the distribution of these prices and thus can give you an idea of the type and size of houses that were sold in 2021 in KT3 5.

After looking at the price distribution, we can now lean on and have a look at the median price. The median price, simply put, divides the group of houses sold in 2021 in KT3 5 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £5767.5.

This number alone might not bring valuable information unless you compare it to the previous years. Have a look at the table below to see how the median price has evolved: versus the previous year (2020), versus 3 years before (2018) and versus 5 years ago (2016):

Year Median Sqm Price inKT3 5 (in£) Growth Rate (in %)
2021 £5767.5 -%
2020 £5624.84 0.6%
2018 £5297.62 6.8%
2016 £5265.15 7.5%

How to read this table, example with 2018: in 2018 the median price per square metre in KT3 5 for a house was 5297.62. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 6.79% %.

To initiate our property price guide, we want to summarise how costs are distributed in KT3 5 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.

Property elements driving price increases in KT3 5

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand KT3 5, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in KT3 5, this may provide insight on opportunities.

Total floor area distribution for KT3 5 houses

Total Floor area distribution for flats in KT3 5

Total Floor area distribution for other property types in KT3 5

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.”

Socioeconomic factors impacting property prices in KT3 5

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.

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.

Household income and employment rates in KT3 5

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 KT3 5 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 KT3 5 too.
The map below displays the employment rate in your sector.

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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