Feb 07, 2023 by HM

House prices in Sundridge (BR1 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Sundridge (BR1 3).

---

Price per square metre

Knowing the average house price in Sundridge 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. 40, College Road, Sundridge, Bromley, sold for £425,000 on Sep-2023. Given the internal area of 72 square metres, the price per sqm is £5,902.

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. £5,150-£5,500, £5,500-£5,850, £5,850-£6,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 326 sales in Sundridge (BR1 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.

That said, the spread of prices will give you a feel of the typical range to expect in Sundridge (BR1 3). Of the 326 transactions, half were sold for between £4,700 and £6,210 per square metre. Notably, only 25% of properties that sold recently were valued at more than £6,210m². 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 'BR1 3' is £5,470. The table below shows how 'BR1 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BR1 1 Bromley	£4,120m2	£5,680m2	£6,280m2
BR1 4 Bromley	£4,700m2	£5,270m2	£5,870m2
BR1 2 Bickley	£5,060m2	£5,810m2	£6,520m2
BR1 5 Bromley	£4,800m2	£5,380m2	£5,890m2
BR1 3 Sundridge	£4,700m2	£5,470m2	£6,210m2

Will Sundridge 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 BR1 3 (Sundridge). 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 BR1 3 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Sundridge 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 Sundridge data or any other data I am given.

Price map for Sundridge

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 Sundridge. 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.

House price heatmap for Sundridge

Street level data

Street	Avg size	Avg £/m2	Recent sales
Widmore Road, Sundridge, BR1 3A	60m2	£4,295	32
Widmore Road, Sundridge, BR1 3B	70m2	£5,174	28
Oaklands Road, Sundridge, BR1 3S	77m2	£4,998	24
Morgan Road, Sundridge, BR1 3Q	65m2	£5,494	23
Blyth Road, Sundridge, BR1 3R	70m2	£5,096	21
Park Road, Sundridge, BR1 3H	87m2	£5,174	21
Palace Road, Sundridge, BR1 3J	73m2	£6,219	20
Palace Grove, Sundridge, BR1 3H	56m2	£3,904	17

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Willoughby Lane, Sundridge, BR1 3F	153m2	£6,795	14

Willoughby Lane, Sundridge, BR1 3F has seen 14 new build sales in the last 4 years (average price £744,579). These new build homes typically have an internal area of 153 m2, with an average price of £6,795 m2. This £sqm average is £1325 above the average for BR1 3. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Sundridge 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
40, College Rd, Sundridge, Bromley	£425,000 Sep-2023	72	5,902
73, Palace Rd, Sundridge, Bromley	£435,000 Sep-2023	62	7,016
Flat 1 30, College Rd, Sundridge, Bromley	£278,000 Sep-2023	45	6,177

See the entire list of all sales in Sundridge (BR1 3) here.