Feb 07, 2023 by HM

# House prices in Bricket Wood (AL2 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Bricket Wood (AL2 3).

## Defining 'AL2 3'

This analysis is limited to properties whose postcode starts with "AL2 3", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

## Price per square metre

Knowing the average house price in Bricket Wood is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 170, Watford Road, Bricket Wood, London Colney, sold for £645,000 on Jan-2024. Given the internal area of 84 square metres, the price per sqm is £7,678.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. ;-) They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £5,600-£6,000, £6,000-£6,400, £6,400-£6,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 164 sales in Bricket Wood (AL2 3) that took place in the last two years.

##### Distribution of £ per sqm for Bricket Wood (AL2 3)
Distribution of £ per sqm house prices in Bricket Wood

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Bricket Wood (AL2 3). Of the 164 transactions, half were sold for between £5,140 and £7,000 per square metre. The median, or 'middle', price per square metre in 'AL2 3' is £6,050. Notably, only 25% of properties that sold recently were valued at more than £7,000m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Bricket Wood

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Bricket Wood. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Bricket Wood

## Comparison with neighbouring postcode sectors

The table below shows how 'AL2 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
AL2 3 Bricket Wood £5,140m2 £6,050m2 £7,000m2
AL2 2 Park Street £5,260m2 £6,030m2 £6,720m2
AL2 1 London Colney £4,500m2 £5,180m2 £5,980m2

## Will Bricket Wood house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for AL2 3 (Bricket Wood). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for AL2 3 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Bricket Wood (AL2 3) over time
House price trends for Bricket Wood

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Bricket Wood and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Bricket Wood data or any other data I am given.

## Street level data

Street Avg size Avg £/m2 Recent sales
Watford Road, Bricket Wood, AL2 3D 130m2 £5,945 19
West Riding, Bricket Wood, AL2 3Q 107m2 £6,380 15
Mount Pleasant Lane, Bricket Wood, AL2 3X 171m2 £5,133 13
Claremont, Bricket Wood, AL2 3L 89m2 £5,439 13
Stanley Avenue, Bricket Wood, AL2 3A 115m2 £7,707 10
The Uplands, Bricket Wood, AL2 3U 102m2 £4,796 10
Driftwood Avenue, Bricket Wood, AL2 3D 97m2 £6,553 10
Willow Way, Bricket Wood, AL2 3D 83m2 £7,052 9

## New build activity

Street Avg size Avg £/m2 New build sales
Barnes Wallis Way, Bricket Wood, AL2 3F 110m2 £4,701 15
Percy Drive, Bricket Wood, AL2 3F 118m2 £7,269 18

Barnes Wallis Way, Bricket Wood, AL2 3F has seen 15 new build sales in the last 4 years (average price £573,764). These new build homes typically have an internal area of 110 m2, with an average price of £4,701 m2. This £sqm average is £-1349 below the average for AL2 3. New builds typically command a £ per sqm premium. In the case of Barnes Wallis Way the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

## Raw data

Our analysis of Bricket Wood is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.