Property prices in SE23 3: A closer look

A map showing London. Learn more about the city's property market with our guide

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.

Analysing property values in SE23 3

For other types of property

SE23 3 has seen other types of properties being sold over the years but these do not represent a large proportion of the properties sold in 2021. We’ve gathered these properties in the chart above to show you how the price per square metre is distributed for these properties.

If the property you are looking to buy or sell falls into this category, feel free to reach out to us for more details and information. We will be able to provide you with an accurate valuation.

For flats

In 2021, 102 flats sold in SE23 3 – a/an increase/decrease (choose one) of 25.93%% 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 SE23 3 flat was £6180.26. 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 inSE23 3 (in£) Growth Rate (in %)
2021 £6180.26 -%
2020 £6567.31 -26.5%
2018 £5909.09 -18.3%
2016 £6154.74 -21.6%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE23 3 was £6567.31. Compared to the newest 2021 figures, the median flat price per square metre evolved by -15.60%%.

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 SE23 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 SE23 3 in 2021, there were 71 houses sold. This represents an increase of 36.54% in house sales compared to the previous year.
The chart below will help understand the distribution of these prices, giving insight into the types and sizes of houses sold in 2021 in SE23 3.

After reviewing the price distribution, we can examine the median price. Simply put, the median price separates the group of houses sold in 2021 in SE23 3 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £6769.91. This number alone may not provide much value unless compared to previous years. See the table below to observe how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years prior):

Year Median Sqm Price inSE23 3 (in£) Growth Rate (in %)
2021 £6769.91 -%
2020 £6702.9 -15.6%
2018 £6224.49 -9.1%
2016 £6259.3 -9.6%

Understanding the table – example with 2018: In 2018, the median house price per square metre in SE23 3 was £6224.49. Compared to the latest 2021 data, the median house price per square metre increased by -9.11%%. To start our property value guide, we want to summarise how prices are allocated in SE23 3 based on property type. To do this, we’ll inspect 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’s site. We then divide the price by the property’s area.
This gives us the exact price per square metre paid. We group these prices into brackets (£1000-£1500) showing a property sold for a price per square metre between £1000 and £1500.

Socioeconomic factors impacting property values in SE23 3

Household income & employment rates in SE23 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 SE23 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 SE23 3 too.
The map below displays the employment rate in your sector. Apart from location, the property market also reacts to economic and demographic factors like interest rates, population growth, and average household income.

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.

Property factors driving price rises in SE23 3

Property features & built form

Features like built form, number of rooms, bathrooms etc. significantly impact price – the more features, the higher the price. Recent features also boost value.
For built form, we consider:

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 for. To better understand SE23 3, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE23 3, this may provide insight into opportunities.

Total floor area distribution for SE23 3 houses

Total Floor area distribution for flats in SE23 3

Total Floor area distribution for other property types in SE23 3

So how property prices will evolve in SE23 3 in 2024-2025

At Jukes we’ve tried deciphering this puzzle for 35 years – honestly, no magic crystal ball accurately forecasts future prices. Too many elements drive costs, as you’ve read.
AI and machine learning are enhancing 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 SE23 3 properties. The chart also displays a yearly average price trendline. As you can see, an upward trajectory that in our opinion won’t change as of February 2024. Though the curve’s slope may shift ahead.

How SE23 3 compares with nearby postcode sectors

To provide more SE23 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
SE23 1 £6677.27 See our analysis on SE23 1 property prices
SE23 2 £5844.16 See our analysis on SE23 2 property prices
SE23 3 £6702.9 See our analysis on SE23 3 property prices

Location based factors in SE23 3 impacting the price of your property

Now that we’ve analysed how the price per square metre in SE23 3 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Closeness to public amenities

While the size of the garden or number of rooms align with buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in SE23 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your SE23 3 postcode sector is served per the above list in the table below.

Type of amenities Number in SE23 3
NHS Trusts (hospitals) 0
Practioners 0
Pharmacies 1
Schools 5
Shopping centres (within 5mi) 19
Public transports (train or tube stations) 1

Check for future developments

An area’s popularity can be gauged by the number of ongoing or planned developments. More housing in an area means more people are able to live there, increasing demand. To check if this impacts properties you may buy or sell in SE23 3, we’ve compiled all upcoming developments 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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