Navigating property values in SE6 3

View from an alley way in South London showing terraced houses

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.

Socioeconomic factors influencing the price of a property in SE6 3

Apart from location, the property market also responds 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 dramatically changed. 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 ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

Household income and employment rates in SE6 3

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for SE6 3’s household income level, as it may positively impact selling your property. We can’t exclude the job rate from this socioeconomic analysis either. It directly relates to household income. The data shows a clear link between the employment rate and SE6 3 property prices too.
The map below displays your sector’s job rate.

Comparing SE6 3 with nearby postcodes

To provide more SE6 3 insight, we’ve done similar in-depth analysis on nearby postcode sectors too.
Review the table below and feel free to navigate around. You may uncover interesting opportunities and learnings for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
SE6 1 £5166.67 See our analysis on SE6 1 property prices
SE6 2 £4658.75 See our analysis on SE6 2 property prices
SE6 3 £4559.43 See our analysis on SE6 3 property prices
SE6 4 £5511.94 See our analysis on SE6 4 property prices

Property related factors driving the prices up in SE6 3

Property sizes

Clearly, floor area impacts the price you’ll sell or pay. To better grasp SE6 3, we’ve created charts below displaying property distributions by total floor space.
If you’re looking to invest or buy in SE6 3, this may provide insight on opportunities.

Total floor area distribution for SE6 3 houses

Total Floor area distribution for flats in SE6 3

Total Floor area distribution for other property types in SE6 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.”

Examining property prices in SE6 3

For houses

In SE6 3 in 2021, we saw 55 houses sold. This represents an an increase of 25.00% in house sales compared to the prior year.
The chart below will help you comprehend the distribution of these prices and thus can provide an idea of the types and sizes of houses that were sold in 2021 in SE6 3.

After examining the price distribution, we can now focus on the median price. Simply put, the median price divides the group of houses sold in 2021 in SE6 3 into two equal groups. In other words, it indicates that 50% of the houses sold in 2021 went for more than £4886.08.
This number alone may not be very informative unless you compare it to previous years. Have a look at the table below to see how the median price has changed: versus 2020, versus 2018 (3 years before), and versus 2016 (5 years ago):

Year Median Sqm Price inSE6 3 (in£) Growth Rate (in %)
2021 £4886.08 -%
2020 £4559.43 24.1%
2018 £4577.46 23.6%
2016 £4560.44 24.1%

Understanding the table – example with 2018: In 2018, the median house price per square metre in SE6 3 was £4577.46. Versus the most recent 2021 data, the median house price per square metre increased by 23.60%%.

For flats

In 2021, 22 flats sold in SE6 3 – a/an increase/decrease (choose one) of 22.22%% 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 SE6 3 flat was £4726.96 – 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 inSE6 3 (in£) Growth Rate (in %)
2021 £4726.96 -%
2020 £5305.74 -9%
2018 £5096.39 -5.3%
2016 £4935.48 -2.2%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE6 3 was £5305.74. Versus the most recent 2021 figures, the median flat price per square metre evolved by 24.08%%. To initiate our property price guide, we want to summarise how costs are distributed in SE6 3 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 other types of property

SE6 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.

Important note

What we are presenting here is a factual analysis of the prices buyers paid. It is not here to give an explanation of what makes the price evolve. If you are interested in finding out more about the factors that impact the value of your property, you can have a look below.

Please also note that only an agent truly nested in your area will have the knowledge to assess the value of your property or the property you want to buy as they are at the forefront of the demand and the supply.

Looking to buy or sell your property in SE6 3?

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

Location based factors in SE6 3 impacting the price of your property

Future developments in SE6 3

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 SE6 3 properties you may buy or sell, we’ve compiled all planned projects from the London mayor’s website into the table below. Now that we’ve analysed how the price per square metre in SE6 3 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Proximity 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 SE6 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your SE6 3 postcode sector is served per the above list in the table below.

Type of amenities Number in SE6 3
NHS Trusts (hospitals) 0
Practioners 7
Pharmacies 1
Schools 7
Shopping centres (within 5mi) 16
Public transports (train or tube stations) 2

So how property prices will evolve in SE6 3 in 2024-2025

At Jukes we have been trying to solve this equation for the past 35 years and let’s be honest, no one has a magic crystal ball and can predict the future prices. The variables included in the prices as you have just read it are simply too many.

With the rise of machine learning and AI the models to predict trends are getting better but they cannot account for external factors yet and the property market can shit pretty quickly as it did in the past.

It is for this reason that we decided not to show any prediction but rather adopted the position of showing the trend over the past 14 years. The chart below shows you all the property sales that happened in SE6 3, their price, the floor area of the property and the date of sale. Additionally, this chart presents you with a trend line showing the average property price for the given year. As you can see there is an upward trend and in our opinion there is no reason that this trend should change as of February 2024. Nonetheless it’s the slope of the curve that may change in the future

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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