Navigating property values in SE9 3

A view of South London terraced houses and their chimneys

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 factors increasing prices in SE9 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.”

Property sizes

Naturally, floor area impacts the price you’ll sell or pay. To better grasp SE9 3, we’ve created charts below showing property distributions by total floor space.
If you’re looking to invest or buy in SE9 3, this may provide insight on opportunities.

Total floor area distribution for SE9 3 houses

Total Floor area distribution for flats in SE9 3

Total Floor area distribution for other property types in SE9 3

Location factors impacting property prices in SE9 3

Now that we’ve analysed how the price per square metre in SE9 3 has changed over time, let’s delve into factors influencing the value of properties you may buy or sell.

Future developments around the neighbourhood

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 SE9 3 properties you may buy or sell, we’ve gathered all upcoming developments from the London mayor’s website into the table below.

Closeness to public amenities

Now that we’ve reviewed how the price per square metre in SE9 3 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Closeness to public amenities

Whilst the size of the garden and number of rooms suit buyers’ and sellers’ needs, proximity to conveniences also enhances a property’s value in SE9 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above considerably influences price. We’ve compiled how your SE9 3 postcode sector is served per the above list in the table below.

Type of amenities Number in SE9 3
NHS Trusts (hospitals) 0
Practioners 15
Pharmacies 2
Schools 8
Shopping centres (within 5mi) 12
Public transports (train or tube stations) 0

Predicting SE9 3 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 SE9 3 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 SE9 3 with nearby postcodes

To provide more SE9 3 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 info for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
SE9 1 £5149.79 See our analysis on SE9 1 property prices
SE9 2 £4917.36 See our analysis on SE9 2 property prices
SE9 3 £4840.74 See our analysis on SE9 3 property prices
SE9 4 £4674.2 See our analysis on SE9 4 property prices
SE9 5 £4801.98 See our analysis on SE9 5 property prices
SE9 6 £4683.04 See our analysis on SE9 6 property prices

Socioeconomic factors impacting property prices in SE9 3

Household income and employment rates in SE9 3

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 SE9 3 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 SE9 3 too.
The map below displays the employment rate in your sector. 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 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.

Analysing property values in SE9 3

For other types of property

SE9 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.

To start our property value guide, we want to summarise how prices are allocated in SE9 3 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.

For flats

In 2021, 15 flats were sold in SE9 3 – an increase/decrease (choose one) of -21.05%% 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 SE9 3 flat was £4453.13 – 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 inSE9 3 (in£) Growth Rate (in %)
2021 £4453.13 -%
2020 £4399.86 9.7%
2018 £4680.8 3.1%
2016 £4307.69 12.1%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a SE9 3 flat was £4399.86. Versus 2021 figures, the median flat price per square metre changed by 16.87%%.

For houses

In SE9 3 in 2021, there were 104 houses sold. This represents an increase of 4.00% 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 SE9 3.

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 SE9 3 into two equal groups. In other words, it indicates 50% of houses sold in 2021 went for over £4830.46. 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 inSE9 3 (in£) Growth Rate (in %)
2021 £4830.46 -%
2020 £4840.74 16.9%
2018 £4518.37 25.2%
2016 £4310.23 31.3%

Understanding the table – example with 2018: In 2018, the median house price per square metre in SE9 3 was £4518.37. Compared to the latest 2021 data, the median house price per square metre increased by 25.21%%.

A quick note

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 SE9 3?

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

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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