Navigating property values in SM7 3

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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.

Property factors driving price rises in SM7 3

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand SM7 3, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in SM7 3, this may provide insight on opportunities.

Total floor area distribution for SM7 3 houses

Total Floor area distribution for flats in SM7 3

Total Floor area distribution for other property types in SM7 3

Property features & built form

When it comes to features we usually include the built form but also the number of rooms, bathrooms etc. The more features a property has, and the recency of these features will significantly impact the price.

Also, when we talk about built forms we usually have the following list in mind:

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.”

Analysing property values in SM7 3

For houses

In SM7 3 in 2021, we saw 36 houses sold. This represents a decrease of -10.00% 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 SM7 3.

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 SM7 3 into two equal groups. Said differently, it tells you that 50% of the houses sold in 2021 were sold for more than £5055.29.

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 inSM7 3 (in£) Growth Rate (in %)
2021 £5055.29 -%
2020 £5327.16 6.2%
2018 £4849.56 16.7%
2016 £4824.99 17.3%

How to read this table, example with 2018: in 2018 the median price per square metre in SM7 3 for a house was 4849.56. Compared to 2021, the latest data available, we can see that the median house price per square metre has evolved by 16.66% %.

To kick off our property value guide, we aim to give a summary of how prices are spread in SM7 3 by property type. To accomplish this, we’ll analyse the price per square metre to evaluate the distribution. We determine the price per square metre by accessing the price paid data from the Government’s site. We then divide the price by the property’s square footage.
This provides the precise price per square metre paid. We group these prices into ranges (£1000-£1500) indicating a property sold for a price per square metre within £1000 to £1500.

A quick 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 SM7 3?

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

For other types of property

In addition to houses and flats, SM7 3 has seen some other property types change hands over the years, though these represent a small portion 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 in this group, please contact us for more details and insight. We’re happy to provide an accurate, tailored valuation.

For flats

In 2021, 4 flats were sold in SM7 3 – an increase/decrease (choose one) of 100.00%% 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 SM7 3 flat was £3578.26 – 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 inSM7 3 (in£) Growth Rate (in %)
2021 £3578.26 -%
2020 £3113.21 55.1%
2018 £4797.3 0.6%
2016 £3867.65 24.8%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a SM7 3 flat was £3113.21. Versus 2021 figures, the median flat price per square metre changed by 6.20%%.

Location factors impacting property prices in SM7 3

Now that we had a look at how the price per square metre in SM7 3 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.

Future developments around the neighbourhood

An area’s appeal can be measured by its number of upcoming or in-progress developments. More housing means more residents, raising demand. To see if this impacts SM7 3 properties you may buy or sell, we’ve compiled all developments from the London mayor’s site into the table below.

Proximity to public amenities

Whilst the size of the garden and number of rooms meet buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in SM7 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above makes a big impact on price. We’ve gathered how your SM7 3 postcode sector is served per the above list in the table below.

Type of amenities Number in SM7 3
NHS Trusts (hospitals) 0
Practioners 20
Pharmacies 0
Schools 3
Shopping centres (within 5mi) 4
Public transports (train or tube stations) 0

How SM7 3 compares with nearby postcode sectors

To provide more context on SM7 3, 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
SM7 1 £5186.88 See our analysis on SM7 1 property prices
SM7 2 £4979.6 See our analysis on SM7 2 property prices
SM7 3 £5327.16 See our analysis on SM7 3 property prices

Forecasting SM7 3 property prices in 2024-2025

At Jukes we’ve tried deciphering this puzzle for 35 years – honestly, no magic crystal ball accurately forecasts future prices. Too many elements drive costs, as you’ve read.
AI and machine learning are enhancing 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 SM7 3 properties. The chart also displays a yearly average price trendline. As you can see, an upward trajectory that in our opinion won’t change as of February 2024. Though the curve’s slope may shift ahead.

Socioeconomic factors impacting property values in SM7 3

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.

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

Household income & employment rates in SM7 3

Another price driver is the area’s average household income. Prices often rise where incomes are increasing. See below for SM7 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 SM7 3 property prices too.
The map below displays your sector’s job rate.

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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