A guide to property prices in SE16 3

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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.

Property related factors driving the prices up in SE16 3

Property sizes

Clearly, floor area impacts the price you’ll sell or pay for. To better understand SE16 3, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE16 3, this may provide insight into opportunities.

Total floor area distribution for SE16 3 houses

Total Floor area distribution for flats in SE16 3

Total Floor area distribution for other property types in SE16 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.”

Forecasting SE16 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 SE16 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

Socioeconomic factors impacting property values in SE16 3

Household income and job rates in SE16 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 SE16 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 SE16 3, we see a clear correlation with the employment rate as well.

The map below shows you the employment rate in your sector.

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 ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

Apart from location, the property market also reacts to economic and demographic factors like interest rates, population growth, and average household income.

Location elements influencing property values in SE16 3

Now that we had a look at how the price per square metre in SE16 3 has changed over time let’s dig a little deeper in the factors that impact the price of the property you are looking to buy or sell.

Future developments around

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 SE16 3 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

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 SE16 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above significantly influences price. We’ve gathered how your SE16 3 postcode sector is served per the above list in the table below.

Type of amenities Number in SE16 3
NHS Trusts (hospitals) 0
Practioners 11
Pharmacies 4
Schools 9
Shopping centres (within 5mi) 15
Public transports (train or tube stations) 1

Property values in SE16 3

For other types of property

In addition to houses and flats, SE16 3 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. To kick off our property value guide, we aim to give a summary of how prices are spread in SE16 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.

Important 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 SE16 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 SE16 3 in 2021, we saw 8 houses sold. This represents a decrease of -27.27% 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 SE16 3.

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 SE16 3 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £7761.86.

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 inSE16 3 (in£) Growth Rate (in %)
2021 £7761.86 -%
2020 £6447.69 -12.3%
2018 £7427.54 -23.8%
2016 £12009.05 -52.9%

How to read this table, example with 2018: in 2018 the median price per square metre in SE16 3 for a house was 7427.54. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by -23.83% %.

For flats

In 2021, 60 flats sold in SE16 3 – a/an increase/decrease (choose one) of 46.34%% 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 SE16 3 flat was £6861.38. 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 inSE16 3 (in£) Growth Rate (in %)
2021 £6861.38 -%
2020 £6160 -21.6%
2018 £6478.11 -25.5%
2016 £6291.13 -23.3%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE16 3 was £6160.0. Compared to the newest 2021 figures, the median flat price per square metre evolved by -12.26%%.

Comparing SE16 3 with nearby postcodes

To provide more SE16 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
SE16 2 £7880.43 See our analysis on SE16 2 property prices
SE16 3 £6447.69 See our analysis on SE16 3 property prices
SE16 4 £9030.24 See our analysis on SE16 4 property prices
SE16 5 £7647.06 See our analysis on SE16 5 property prices
SE16 6 £8144.84 See our analysis on SE16 6 property prices
SE16 7 £7541.36 See our analysis on SE16 7 property prices

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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