# 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 31 July 2024.

## 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.

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. 53, Old Watford Road, Bricket Wood, London Colney, sold for £555,000 on May-2024. Given the internal area of 119 square metres, the price per sqm is £4,663.

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. £6,150-£6,500, £6,500-£6,850, £6,850-£7,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 147 sales in Bricket Wood (AL2 3) that took place in the last two years.

##### Distribution of £ per sqm for Bricket Wood, London Colney
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 147 transactions, half were sold for between £5,250 and £7,060 per square metre. The median, or 'middle', price per square metre in 'AL2 3' is £6,180. Notably, only 25% of properties that sold recently were valued at more than £7,060 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 1 London Colney £4,530 sqm £5,120 sqm £5,930 sqm
AL2 3 Bricket Wood £5,250 sqm £6,180 sqm £7,060 sqm
AL2 2 Park Street £5,370 sqm £6,090 sqm £6,690 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.

##### Historic price per square metre in Bricket Wood,London Colney
House price trends for Bricket Wood

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.

##### Most recent AL2 3 sales
Recent trends for Bricket Wood

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
Claremont, Bricket Wood, AL2 3L 89 sqm £5,530 15
West Riding, Bricket Wood, AL2 3Q 107 sqm £6,380 15
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
Watford Road, Bricket Wood, AL2 3J 128 sqm £6,528 10
Woodlea, Bricket Wood, AL2 3E 50 sqm £5,642 9

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 £4,753 14
Percy Drive, Bricket Wood, AL2 3F 116 sqm £7,108 17

Barnes Wallis Way, Bricket Wood, AL2 3F has seen 14 new build sales in the last 4 years (average price £575,237). These new build homes typically have an internal area of 109 sqm, with an average price of £4,753 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
53, Old Watford Rd, Bricket Wood, London Colney £555,000
May-2024
119 4,663
21, Laburnum Grove, Bricket Wood, London Colney £1,150,000
May-2024
169 6,804
86, Oakwood Rd, Bricket Wood, London Colney £1,350,000
May-2024
245 5,510

#### About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.