Property prices in SE15 3: A closer look

The arty side of South London

South London is increasingly attractive for renters, first time home buyers, and real estate investors. At Jukes, our goal is to study how property values have shifted over time and offer key recommendations to assist you: sell or acquire a property at the best price.
In this guide we’ll analyse macroeconomic elements driving property prices, and closely examine price fluctuations depending on the type of property you own or hope to purchase.
Note: The data here encompasses 2010 – 2021. We’re updating this model and article with the newest 2023 data.

Property values in SE15 3

For houses

In SE15 3 in 2021, there were 79 houses sold. This represents an increase of 36.21% 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 SE15 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 SE15 3 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £7300.88.
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 inSE15 3 (in£) Growth Rate (in %)
2021 £7300.88 -%
2020 £7156.73 -20.9%
2018 £6837.26 -17.3%
2016 £6708.78 -15.7%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a SE15 3 house was £6837.26. Against the newest 2021 data, the median house price per square metre rose by -17.25%%.

For other types of property

Beyond houses and flats, SE15 3 has seen other property types trade hands over the years, though these make up a small portion 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 contact us for additional insight and details. We can provide an accurate, tailored valuation.

A noteworthy notice

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what impacts prices. If you want to learn about the many factors affecting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area has the knowledge to truly assess your property’s value, 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 SE15 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 SE15 3 in 2021, 53 flats were sold. Compared to 2020, this is a decrease of -14.52%%.

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 SE15 3 was £7033.9£. This means that when we look at the data, 50% of the flats sold in SE15 3 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 inSE15 3 (in£) Growth Rate (in %)
2021 £7033.9 -%
2020 £7011.5 -31.1%
2018 £6742.64 -28.4%
2016 £6176.47 -21.8%

How to read this table, example with 2020: in 2020 the median price per square metre in SE15 3 for a flat was 7011.5. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by -20.95% %.

To begin our property price guide, we want to provide an overview of how costs are distributed in SE15 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.

Socioeconomic factors influencing the price of a property in SE15 3

Household income and employment rates in SE15 3

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 SE15 3 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 SE15 3 too.
The map below displays the employment 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.

Interest rates

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

Property related factors driving the prices up in SE15 3

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp SE15 3, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in SE15 3, this may provide insight on opportunities.

Total floor area distribution for SE15 3 houses

Total Floor area distribution for flats in SE15 3

Total Floor area distribution for other property types in SE15 3

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.”

How SE15 3 compares to nearby postcodes

To provide more SE15 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 info for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
SE15 1 £6171.72 See our analysis on SE15 1 property prices
SE15 2 £6720.37 See our analysis on SE15 2 property prices
SE15 3 £7156.73 See our analysis on SE15 3 property prices
SE15 4 £8761.49 See our analysis on SE15 4 property prices
SE15 5 £7707.06 See our analysis on SE15 5 property prices
SE15 6 £6159.42 See our analysis on SE15 6 property prices

Forecasting SE15 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 SE15 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.

Location based factors in SE15 3 impacting the price of your property

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 SE15 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your SE15 3 postcode sector is served per the above list in the table below.

Type of amenities Number in SE15 3
NHS Trusts (hospitals) 0
Practioners 16
Pharmacies 4
Schools 7
Shopping centres (within 5mi) 22
Public transports (train or tube stations) 1

Now that we’ve analysed how the price per square metre in SE15 3 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Future developments nearby

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 SE15 3 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

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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