Property prices in SE3 8: A closer look

Learn all about South London with our property guides

As a popular destination for renters, first time purchasers, and real estate investors, South London has seen appreciable growth. At Jukes, we aim to delve into how property values have changed over the years and provide essential tips to help you: sell or buy a home at an optimal value.
In this guide we’ll study macroeconomic factors impacting property prices, and carefully inspect price variations based on the type of property you own or plan to obtain.
Note: The data in this piece includes 2010 – 2021. We’re enhancing this model and article with the most current 2023 information.

How SE3 8 compares with nearby postcode sectors

To provide more context on SE3 8, 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

Location factors impacting property prices in SE3 8

Check for future developments

An area’s popularity can be gauged by its number of planned or in-progress developments. More housing means more residents, increasing demand. To see if this impacts SE3 8 properties you may buy or sell, we’ve gathered all upcoming developments from the London mayor’s website into the table below.

Proximity 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 8 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 8) is served according to the above list

Type of amenities Number in SE3 8
NHS Trusts (hospitals) 0
Practioners 2
Pharmacies 2
Schools 9
Shopping centres (within 5mi) 21
Public transports (train or tube stations) 0

Now that we had a look at how the price per square metre in SE3 8 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.

Socioeconomic factors influencing the price of a property in SE3 8

Household income & employment rates in SE3 8

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for SE3 8’s household income level, as it may positively influence selling your property. We can’t exclude the employment rate from this socioeconomic analysis. It directly relates to household income. The data shows a clear correlation between the job rate and SE3 8 property prices too.
The map below displays your sector’s employment rate.

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.

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.

Property factors driving price rises in SE3 8

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

Obviously the floor area impacts the price you’ll sell or pay for. To better understand SE3 8, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in SE3 8, this may provide insight on opportunities.

Total floor area distribution for SE3 8 houses

Total Floor area distribution for flats in SE3 8

Total Floor area distribution for other property types in SE3 8

Analysing property values in SE3 8

To begin our property price guide, we want to provide an overview of how costs are distributed in SE3 8 based on property type. To do this, we’ll examine 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 site. We then divide the price by the property’s floor area.
This gives us the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) showing a property was sold at a price per square metre between £1000 and £1500.

For houses

In SE3 8 in 2021, there were 92 houses sold. This represents an increase of 13.58% 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 SE3 8.

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 SE3 8 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £5664.18. 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 inSE3 8 (in£) Growth Rate (in %)
2021 £5664.18 -%
2020 £5263.16 7.5%
2018 £5056.18 11.9%
2016 £4805.84 17.7%

Understanding the table – example with 2018: In 2018, the median house price per square metre in SE3 8 was £5056.18. Compared to the latest 2021 data, the median house price per square metre increased by 11.89%%.

For other types of property

SE3 8 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, 16 flats sold in SE3 8 – a/an increase/decrease (choose one) of 33.33%% 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 SE3 8 flat was £5419.59. 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 inSE3 8 (in£) Growth Rate (in %)
2021 £5419.59 -%
2020 £5090.13 -5.2%
2018 £5655.59 -14.6%
2016 £5359.84 -9.9%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE3 8 was £5090.13. Compared to the newest 2021 figures, the median flat price per square metre evolved by 7.49%%.

A note of importance

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 8?

Our team at Jukes gives you a valuation in less than 24h or help you find the properties you have been dreaming of

Forecasting SE3 8 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 SE3 8 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.

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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