Property values in SE3 0: What you need to know

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.

Property related factors driving the prices up in SE3 0

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

Naturally, floor area impacts the price you’ll sell or pay. To better grasp SE3 0, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in SE3 0, this may provide insight on opportunities.

Total floor area distribution for SE3 0 houses

Total Floor area distribution for flats in SE3 0

Total Floor area distribution for other property types in SE3 0

Socioeconomic factors impacting property prices in SE3 0

Household income & employment rates in SE3 0

Another determiner of price is the area’s average household income. Prices often increase where incomes are rising. See below for SE3 0’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 SE3 0 property prices.
The map below displays the job 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 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 values in SE3 0

To start our property value guide, we want to summarise how prices are allocated in SE3 0 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.

A noteworthy notice

What we’ve outlined here is an objective analysis of real prices paid – not an explanation of what impacts prices. If you want to learn about the many factors affecting your property’s value, see the information below.
And remember, only an agent deeply embedded in your local area has the knowledge to accurately assess your property’s worth, 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 SE3 0?

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, 33 flats were sold in SE3 0 – an increase/decrease (choose one) of 6.45%% over 2020.
To better grasp the price per square metre distribution and sizes/types of flats sold in 2021, we’ve assembled the chart below.

While the price distribution gives a helpful snapshot, the median price also provides insight. In 2021, the median price per square metre for a SE3 0 flat was £7384.62 – meaning 50% of flats sold for less than this. See the table below to view how the median price changed between 2016 and 2021.

Year Median Sqm Price inSE3 0 (in£) Growth Rate (in %)
2021 £7384.62 -%
2020 £6478.87 -25.5%
2018 £7050.63 -31.5%
2016 £7144.67 -32.4%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a SE3 0 flat was £6478.87. Versus 2021 figures, the median flat price per square metre changed by -34.30%%.

For houses

In SE3 0 in 2021, there were 31 houses sold. This represents an increase of 19.23% in house sales versus the previous year.
The chart below will assist in comprehending the distribution of these prices, providing insight into the types and sizes of houses sold in SE3 0 in 2021.

After analysing the price distribution, we can focus on the median price. Simply stated, the median price separates the group of houses sold in 2021 in SE3 0 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £7613.64. This number alone may not provide much value unless compared to prior years. Refer to the table below to observe how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years ago):

Year Median Sqm Price inSE3 0 (in£) Growth Rate (in %)
2021 £7613.64 -%
2020 £8610.69 -34.3%
2018 £7833.33 -27.8%
2016 £7064.68 -19.9%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in SE3 0 was £7833.33. Compared to 2021 data, the median house price per square metre rose by -27.78%%.

For other types of property

Beyond houses and flats, SE3 0 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.

Location based factors in SE3 0 impacting the price of your property

Now that we had a look at how the price per square metre in SE3 0 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.

Closeness to public amenities

One major feature of a property may not necessarily be the size of the garden or the number of rooms. Obviously these correspond to your needs as a buyer, and landlord or a seller. What will truly bring value to your property in SE3 0 will also be its proximity to amenities.

The following ones make a significant impact on the price.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

We have gathered in the following table how your postcode sector (SE3 0) is served according to the above list

Type of amenities Number in SE3 0
NHS Trusts (hospitals) 0
Practioners 17
Pharmacies 1
Schools 6
Shopping centres (within 5mi) 21
Public transports (train or tube stations) 0

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 SE3 0 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below.

Forecasting SE3 0 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 SE3 0 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.

Comparing SE3 0 with nearby postcodes

To provide more context on SE3 0, 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
SE3 0 £8610.69 See our analysis on SE3 0 property prices
SE3 7 £7190.48 See our analysis on SE3 7 property prices
SE3 8 £5263.16 See our analysis on SE3 8 property prices
SE3 9 £6808.08 See our analysis on SE3 9 property prices

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