Feb 07, 2023 by HM

House prices in Petts Wood (BR5 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Petts Wood (BR5 1).

Price per square metre

Knowing the average house price in Petts 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. 112, Crescent Drive, Petts Wood, Orpington, sold for £595,000 on Aug-2023. Given the internal area of 83 square metres, the price per sqm is £7,168.

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. £6,250-£6,500, £6,500-£6,750, £6,750-£7,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 255 sales in Petts Wood (BR5 1) that took place in the last two years.

Distribution of £ per sqm for Petts Wood (BR5 1)
Distribution of £ per sqm house prices in Petts 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 Petts Wood (BR5 1). Of the 255 transactions, half were sold for between £5,940 and £7,510 per square metre. Notably, only 25% of properties that sold recently were valued at more than £7,510m2. 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 'BR5 1' is £6,750. The table below shows how 'BR5 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BR5 1 Petts Wood £5,940m2 £6,750m2 £7,510m2
BR5 3 Orpington £4,110m2 £4,930m2 £5,500m2
BR5 2 Orpington £4,480m2 £5,000m2 £5,580m2
BR5 4 Orpington £4,540m2 £5,100m2 £5,610m2

Will Petts 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 BR5 1 (Petts 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 BR5 1 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Petts Wood (BR5 1) over time
House price trends for Petts Wood

Hover on any blue dot to see details of specific sales

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

Price map for Petts 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 Petts 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 Petts Wood
House price heatmap for Petts Wood

Street level data

Street Avg size Avg £/m2 Recent sales
Crescent Drive, Petts Wood, BR5 1B 94m2 £6,579 23
Clareville Road, Petts Wood, BR5 1R 66m2 £5,530 21
Crescent Drive, Petts Wood, BR5 1A 105m2 £6,576 21
Crofton Lane, Petts Wood, BR5 1H 138m2 £5,741 19
Shepperton Road, Petts Wood, BR5 1D 57m2 £6,858 19
Crest View Drive, Petts Wood, BR5 1B 102m2 £6,127 18
St Johns Road, Petts Wood, BR5 1H 117m2 £6,027 16
Petts Wood Road, Petts Wood, BR5 1L 124m2 £6,036 16

Search for your street here.

Raw data

Our analysis of Petts 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
112, Crescent Drive, Petts Wood, Orpington £595,000
83 7,168
32, Lakeswood Rd, Petts Wood, Orpington £620,000
84 7,380
3, Eynsford Close, Petts Wood, Orpington £510,000
63 8,095

See the entire list of all sales in Petts Wood (BR5 1) 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.