House prices in AL2 3 (Bricket Wood)

This article reveals price per square metre data and various charts to help you understand current housing market in 'AL2 3' (Bricket Wood, London Colney) - statistics were last calculated on 30 June 2024.

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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. There are no official names for postcode sectors so I've just labelled it Bricket Wood.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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FYI, a postcode sector is the full postcode without the last two letters.

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. 86, Oakwood Road, Bricket Wood, London Colney, sold for £1,350,000 on May-2024. Given the internal area of 245 square metres, the price per sqm is £5,510.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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 150 sales in Bricket Wood (AL2 3) that took place in the last two years.

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 150 transactions, half were sold for between £5,120 and £6,980 per square metre. The median, or 'middle', price per square metre in 'AL2 3' is £6,030. Notably, only 25% of properties that sold recently were valued at more than £6,980 sqm. 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, London Colney

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 London Colney. 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, London Colney

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	£5,120 sqm	£6,030 sqm	£6,980 sqm
AL2 1 London Colney	£4,550 sqm	£5,130 sqm	£5,940 sqm
AL2 2 Park Street	£5,340 sqm	£6,070 sqm	£6,750 sqm

Will London Colney 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 chart below for AL2 3 (Bricket Wood) compared with both the wider area AL2 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for London Colney to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about London Colney 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.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Watford Road, Bricket Wood, AL2 3D	130 sqm	£5,873	20
West Riding, Bricket Wood, AL2 3Q	107 sqm	£6,380	15
Claremont, Bricket Wood, AL2 3L	89 sqm	£5,506	14
Mount Pleasant Lane, Bricket Wood, AL2 3X	172 sqm	£5,133	13
Stanley Avenue, Bricket Wood, AL2 3A	115 sqm	£7,619	11
Willow Way, Bricket Wood, AL2 3D	83 sqm	£7,141	10
The Uplands, Bricket Wood, AL2 3U	102 sqm	£4,796	10
Watford Road, Bricket Wood, AL2 3J	128 sqm	£6,528	10

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Barnes Wallis Way, Bricket Wood, AL2 3F	109 sqm	£4,771	15
Percy Drive, Bricket Wood, AL2 3F	118 sqm	£7,264	17

Barnes Wallis Way, Bricket Wood, AL2 3F has seen 15 new build sales in the last 4 years (average price £567,125). These new build homes typically have an internal area of 109 sqm, with an average price of £4,771 sqm. This £sqm average is £0 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.

Address	Paid	sqm	£/sqm
86, Oakwood Rd, Bricket Wood, London Colney	£1,350,000 May-2024	245	5,510
2, Moran Close, Bricket Wood, London Colney	£700,000 May-2024	125	5,600
Flat 8 Scampton House, 1, Barnes Wallis Way, Bricket Wood, London Colney	£350,000 Apr-2024	66	5,303

See the entire list of all sales in Bricket Wood (AL2 3) here.