Property values in SE3 7: What you need to know

View from an alley way in South London showing terraced houses

South London is an up and coming area for renters, first time buyers and property investors. At Jukes we want to take a step back to analyse how property prices have evolved over time and give some key elements to help you: sell or buy your property at the right price.
In this guide we will look at macro economic factors influencing the price of a property but also take a deeper look at the evolution of prices depending on the type of property you own or you are looking to buy.
Note: the data shown in this article covers the period 2010 – 2021. We are working to improve this model and article with the latest data for 2023.

Comparing SE3 7 with nearby postcodes

To provide more SE3 7 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
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

Predicting SE3 7 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 shift quickly, as it has in the past.
That’s why we show 14 years of sales data – prices, floor areas, and sale dates for SE3 7 properties. The chart also displays an average price trendline yearly. As you can see, an upward trajectory that in our view won’t change as of February 2024. But the curve’s slope may shift going forward.

Socioeconomic factors influencing property values in SE3 7

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

Household income & employment rates in SE3 7

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 SE3 7 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 SE3 7 too.
The map below displays 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.

Location elements influencing property values in SE3 7

Future developments in SE3 7

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 SE3 7, we’ve compiled all upcoming developments from the London mayor’s website into the table below.

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 7 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 7) is served according to the above list

Type of amenities Number in SE3 7
NHS Trusts (hospitals) 0
Practioners 12
Pharmacies 3
Schools 7
Shopping centres (within 5mi) 21
Public transports (train or tube stations) 1

Now that we’ve analysed how the price per square metre in SE3 7 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Property related factors driving the prices up in SE3 7

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

Naturally, floor area impacts the price you’ll sell or pay. To better grasp SE3 7, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in SE3 7, this may provide insight on opportunities.

Total floor area distribution for SE3 7 houses

Total Floor area distribution for flats in SE3 7

Total Floor area distribution for other property types in SE3 7

Property prices in SE3 7

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 SE3 7?

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, 72 flats sold in SE3 7 – a/an increase/decrease (choose one) of 89.47%% versus 2020. To better comprehend 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 useful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a SE3 7 flat was £6666.67 – so 50% of flats sold for less.
Check the table below to observe how the median price evolved between 2016 and 2021.

Year Median Sqm Price inSE3 7 (in£) Growth Rate (in %)
2021 £6666.67 -%
2020 £6265.08 -22.9%
2018 £6627.39 -27.2%
2016 £6726.19 -28.2%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE3 7 was £6265.08. Versus the most recent 2021 figures, the median flat price per square metre evolved by -21.32%%.

For houses

In SE3 7 in 2021, there were 40 houses sold. This represents an increase of 53.85% 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 7 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 7 into two equal groups. Put another way, it shows 50% of houses sold in 2021 went for over £7434.21. 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 7 (in£) Growth Rate (in %)
2021 £7434.21 -%
2020 £7190.48 -21.3%
2018 £7272.73 -22.2%
2016 £7096.77 -20.3%

Deciphering the table – example with 2018: In 2018, the median price per square metre for a house in SE3 7 was £7272.73. Compared to 2021 data, the median house price per square metre rose by -22.21%%.

For other types of property

Beyond houses and flats, SE3 7 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.

First to start our property price guide we want to give an overview of how prices are distributed in SE3 7 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.

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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