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).

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. 12, The Meads, Bricket Wood, London Colney, sold for £750,000 on Sep-2023. Given the internal area of 129 square metres, the price per sqm is £5,813.

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 172 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.

That said, the spread of prices will give you a feel of the typical range to expect in Bricket Wood (AL2 3). Of the 172 transactions, half were sold for between £5,240 and £6,780 per square metre. Notably, only 25% of properties that sold recently were valued at more than £6,780m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'AL2 3' is £5,930. The table below shows how 'AL2 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
AL2 1 London Colney £4,430m2 £5,060m2 £5,790m2
AL2 3 Bricket Wood £5,240m2 £5,930m2 £6,780m2
AL2 2 Park Street £5,160m2 £5,920m2 £6,530m2

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.

Price map for Bricket Wood

I've just finished coding the map I link to below. 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. I will explain more about the methodology and create a key next week.

Property price heatmap for Bricket Wood
House price heatmap for Bricket Wood

Street level data

Street Avg size Avg £/m2 Recent sales
Watford Road, Bricket Wood, AL2 3D 130m2 £5,941 21
Black Boy Wood, Bricket Wood, AL2 3L 81m2 £4,490 12
Mount Pleasant Lane, Bricket Wood, AL2 3X 171m2 £5,144 12
Claremont, Bricket Wood, AL2 3L 89m2 £5,176 11
West Riding, Bricket Wood, AL2 3Q 106m2 £6,230 11
Stanley Avenue, Bricket Wood, AL2 3A 115m2 £7,707 10
Ragged Hall Lane, Bricket Wood, AL2 3L 158m2 £6,699 10
Driftwood Avenue, Bricket Wood, AL2 3D 97m2 £6,553 10

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Barnes Wallis Way, Bricket Wood, AL2 3F 109m2 £4,836 19
Percy Drive, Bricket Wood, AL2 3F 117m2 £7,286 18

Barnes Wallis Way, Bricket Wood, AL2 3F has seen 19 new build sales in the last 4 years (average price £577,472). These new build homes typically have an internal area of 109 m2, with an average price of £4,836 m2. This £sqm average is £-1094 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 m2 £/m2
12, The Meads, Bricket Wood, London Colney £750,000
129 5,813
58, West Riding, Bricket Wood, London Colney £690,000
90 7,666
9, West Riding, Bricket Wood, London Colney £915,000
187 4,893

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


HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.