Property prices in SW11 3: A closer look

View from an alley way in South London showing terraced houses

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.

Comparing SW11 3 with nearby postcodes

To provide more context on SW11 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
SW11 1 £9019.17 See our analysis on SW11 1 property prices
SW11 2 £7931.67 See our analysis on SW11 2 property prices
SW11 3 £9933.33 See our analysis on SW11 3 property prices
SW11 4 £10041.7 See our analysis on SW11 4 property prices
SW11 5 £9012.1 See our analysis on SW11 5 property prices
SW11 6 £9494.12 See our analysis on SW11 6 property prices
SW11 7 £12475.25 See our analysis on SW11 7 property prices
SW11 8 £13714.73 See our analysis on SW11 8 property prices

So how property prices will evolve in SW11 3 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 SW11 3 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 SW11 3

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.

Household income and employment rates in SW11 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 SW11 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 SW11 3 too.
The map below displays the employment rate in your sector. Beyond location, the property market also responds to economic and demographic factors like interest rates, population growth, and average household income.

Location factors impacting property prices in SW11 3

Future developments around

An area’s popularity can be gauged by the number of ongoing or planned developments. More housing in an area means more people are able to live there, increasing demand. To check if this impacts properties you may buy or sell in SW11 3, we’ve compiled all upcoming developments from the London mayor’s website into the table below.

Closeness 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 SW11 3.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your SW11 3 postcode sector is served per the above list in the table below.

Type of amenities Number in SW11 3
NHS Trusts (hospitals) 0
Practioners 47
Pharmacies 5
Schools 9
Shopping centres (within 5mi) 0
Public transports (train or tube stations) 0

Now that we’ve reviewed how the price per square metre in SW11 3 has shifted over time, let’s explore factors impacting the worth of properties you may buy or sell.

Property factors driving price rises in SW11 3

Property sizes

Obviously when looking at buying the floor area of the property has a direct impact on the price you’ll be selling at or paying for. In order to get a clearer picture of SW11 3 we have come up with the following charts showing the distribution of properties depending on their total floor area.

Total Floor area distribution for houses in SW11 3

Total Floor area distribution for flats in SW11 3

Total Floor area distribution for other property types in SW11 3

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 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 prices in SW11 3

For other types of property

In addition to houses and flats, SW11 3 has seen other property types change hands over the years, though these represent a small share of 2021 sales. We’ve shown the price per square metre distribution for these assorted properties in the chart below.

If you’re aiming to buy or sell a more unique property in this group, please get in touch for more details and perspective. We’re happy to provide a tailored, accurate valuation. To start our property value guide, we want to summarise how prices are allocated in SW11 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 houses

In SW11 3 in 2021, there were 19 houses sold. This represents a decrease of -9.52% in house sales versus the prior year.
The chart below will assist in understanding the distribution of these prices, providing insight into the types and sizes of houses sold in SW11 3 in 2021.

After analysing the price distribution, we can examine the median price. Put simply, the median price splits the group of houses sold in 2021 in SW11 3 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £9887.64.
This number alone may not be very informative unless compared to previous years. Refer to the table below to see how the median price has changed: versus 2020, versus 2018 (3 years prior), and versus 2016 (5 years ago):

Year Median Sqm Price inSW11 3 (in£) Growth Rate (in %)
2021 £9887.64 -%
2020 £9933.33 -43%
2018 £8910.89 -36.5%
2016 £8972.39 -36.9%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a SW11 3 house was £8910.89. Against the newest 2021 data, the median house price per square metre rose by -36.51%%.

A note of importance

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what drives prices up or down. If you’re curious to learn about the many factors impacting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area possesses the knowledge to truly assess your property’s worth, or that dream home you hope to buy. They’re at the forefront of supply and demand there.

Looking to buy or sell your property in SW11 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 flats

In 2021, 142 flats sold in SW11 3 – a/an increase/decrease (choose one) of 19.33%% 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 SW11 3 flat was £8696.95 – 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 inSW11 3 (in£) Growth Rate (in %)
2021 £8696.95 -%
2020 £8835.62 -45.4%
2018 £8921.74 -45.9%
2016 £8042 -40%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SW11 3 was £8835.62. Versus the most recent 2021 figures, the median flat price per square metre evolved by -43.05%%.

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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