Decoding property prices in SE17 3

A view of South London terraced houses and their chimneys

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.

Location factors impacting property prices in SE17 3

Proximity to public amenities

Whilst the size of the garden and number of rooms meet buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in SE17 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your SE17 3 postcode sector is served per the above list in the table below.

Type of amenities Number in SE17 3
NHS Trusts (hospitals) 0
Practioners 23
Pharmacies 2
Schools 4
Shopping centres (within 5mi) 22
Public transports (train or tube stations) 0

Now that we had a look at how the price per square metre in SE17 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 nearby

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 SE17 3 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Forecasting SE17 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 SE17 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.

Property related factors driving the prices up in SE17 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.”

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp SE17 3, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE17 3, this may provide insight on opportunities.

Total floor area distribution for SE17 3 houses

Total Floor area distribution for flats in SE17 3

Total Floor area distribution for other property types in SE17 3

Comparing SE17 3 with nearby postcodes

To provide more context on SE17 3, we’ve done similar in-depth analysis 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
SE17 1 £8447.92 See our analysis on SE17 1 property prices
SE17 2 £7361.97 See our analysis on SE17 2 property prices
SE17 3 £6796.88 See our analysis on SE17 3 property prices

Socioeconomic factors influencing the price of a property in SE17 3

Interest rates

In the last 5 years, Britain’s economic conditions have drastically shifted. 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 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 SE17 3

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for SE17 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 SE17 3 property prices.
The map below displays the job rate in your sector. Apart from location, the property market also responds to economic and demographic factors like interest rates, population growth, and average household income.

Property prices in SE17 3

First to start our property price guide we want to give an overview of how prices are distributed in SE17 3 on the type of property. To do so, we will look at the price per square metre to assess the distribution. To create the charts, we are calculating the price per square metre by getting the price paid data from the Government website. Then we divide the price by the surface area of the property.

Once this is done, it gives us the exact price per square metre paid and we finally categorise these prices into buckets (£1000-£1500) indicating that a given property has been sold with a price per square metre oscillating between £1000 and £1500.

To keep in mind

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 SE17 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 2021, 52 flats sold in SE17 3 – a/an increase/decrease (choose one) of -23.53%% 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 SE17 3 flat was £7109.74. 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 inSE17 3 (in£) Growth Rate (in %)
2021 £7109.74 -%
2020 £7894.74 -38.9%
2018 £6910.24 -30.1%
2016 £8340.82 -42.1%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE17 3 was £7894.74. Compared to the newest 2021 figures, the median flat price per square metre evolved by -16.76%%.

For houses

In SE17 3 in 2021, we saw 14 houses sold. This represents a decrease of -6.67% 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 SE17 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 SE17 3 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £8090.28.

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 inSE17 3 (in£) Growth Rate (in %)
2021 £8090.28 -%
2020 £6796.88 -16.8%
2018 £7844.43 -27.9%
2016 £7295.78 -22.5%

How to read this table, example with 2018: in 2018 the median price per square metre in SE17 3 for a house was 7844.43. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by -27.88% %.

For other types of property

Beyond houses and flats, SE17 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.

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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