A guide to property prices in SE3 9

A woman cycling in a South London park

South London has seen major growth as a popular location for renters, first time buyers, and real estate investors. Here at Jukes, we want to analyse how property prices have changed over time and provide key insights to help you: sell or purchase a home at the optimal price.
In this guide we’ll examine macroeconomic factors impacting property values, and take a close look at price changes depending on the type of home you own or plan to acquire.
Note: The data in this article covers 2010 – 2021. We’re working to enhance this model and article with the most up-to-date 2023 figures.

How SE3 9 compares with nearby postcode sectors

To provide more SE3 9 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

So how property prices will evolve in SE3 9 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 9 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 the price of a property in SE3 9

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.

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

Household income and employment rates in SE3 9

Another factor determining the price of a property will be the average household income in the area. There is a positive correlation between the price growth in an area where the average household income increases.

Check out below where the household income in SE3 9 is as it may have a positive impact on the sale of your property.

As part of this socioeconomic analysis, we cannot forget to mention the employment rate. This is because it is also directly related to the household income we just mentioned. When looking at the data and trying to understand the correlation between the different factors and the price of a property in SE3 9, we see a clear correlation with the employment rate as well.

The map below shows you the employment rate in your sector.

Location factors impacting property prices in SE3 9

Future developments in SE3 9

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 SE3 9 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Now that we’ve analysed how the price per square metre in SE3 9 has changed over time, let’s dig deeper into factors impacting the value of properties you may 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 9 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 9) is served according to the above list

Type of amenities Number in SE3 9
NHS Trusts (hospitals) 0
Practioners 23
Pharmacies 1
Schools 9
Shopping centres (within 5mi) 21
Public transports (train or tube stations) 2

Property prices in SE3 9

For other types of property

Beyond houses and flats, SE3 9 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. To initiate our property price guide, we want to summarise how costs are distributed in SE3 9 by property type. To accomplish this, we’ll examine the price per square metre to evaluate the breakdown. We determine the price per square metre by accessing the price paid data from the Government’s website. We then divide the price by the property’s size.
This provides the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) indicating a property was sold for a price per square metre falling between £1000 and £1500.

For flats

In 2021, 80 flats were sold in SE3 9 – an increase/decrease (choose one) of -59.60%% 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 9 flat was £6729.59 – 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 9 (in£) Growth Rate (in %)
2021 £6729.59 -%
2020 £7548.17 -36%
2018 £6768.75 -28.7%
2016 £6273.11 -23%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a SE3 9 flat was £7548.17. Versus 2021 figures, the median flat price per square metre changed by -16.90%%.

For houses

In SE3 9 in 2021, we saw 46 houses sold. This represents an increase of 9.52% 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 SE3 9.

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 SE3 9 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £7112.72.

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 inSE3 9 (in£) Growth Rate (in %)
2021 £7112.72 -%
2020 £6808.08 -16.9%
2018 £6226.07 -9.1%
2016 £6267.09 -9.7%

How to read this table, example with 2018: in 2018 the median price per square metre in SE3 9 for a house was 6226.07. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by -9.13% %.

A note of importance

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 9?

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

Property factors increasing prices in SE3 9

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp SE3 9, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE3 9, this may provide insight on opportunities.

Total floor area distribution for SE3 9 houses

Total Floor area distribution for flats in SE3 9

Total Floor area distribution for other property types in SE3 9

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.”

Consider buying or selling in South London? Go with Jukes!

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