Feb 07, 2023 by HM

House prices in Farnborough (BR6 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Farnborough (BR6 7).

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Price per square metre

Knowing the average house price in Farnborough 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. Flat 4 Salisbury House, 8, Cottonwood Close, Farnborough, Orpington, sold for £295,000 on Sep-2023. Given the internal area of 69 square metres, the price per sqm is £4,275.

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 191 sales in Farnborough (BR6 7) 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 Farnborough (BR6 7). Of the 191 transactions, half were sold for between £5,140 and £6,580 per square metre. Notably, only 25% of properties that sold recently were valued at more than £6,580m². 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 'BR6 7' is £5,840. The table below shows how 'BR6 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BR6 9 Orpington	£5,300m2	£5,990m2	£6,750m2
BR6 0 Petts Wood	£4,850m2	£5,600m2	£6,460m2
BR6 7 Farnborough	£5,140m2	£5,840m2	£6,580m2
BR6 6 Green Street Green	£5,190m2	£5,870m2	£6,600m2
BR6 8 Orpington	£5,280m2	£6,140m2	£7,070m2

Will Farnborough 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 BR6 7 (Farnborough). 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 BR6 7 and the blue dots are the individual property sales that inform this trend.

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

Price map for Farnborough

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 Farnborough. 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 Farnborough

Street level data

Street	Avg size	Avg £/m2	Recent sales
Ladycroft Way, Farnborough, BR6 7B	73m2	£4,698	18
Craven Road, Farnborough, BR6 7R	125m2	£5,584	17
Starts Hill Road, Farnborough, BR6 7A	77m2	£5,767	17
Hilda Vale Road, Farnborough, BR6 7A	103m2	£5,500	15
Turnpike Drive, Farnborough, BR6 7S	103m2	£5,448	14
Bassetts Way, Farnborough, BR6 7A	99m2	£5,202	14
Chelsfield Lane, Farnborough, BR6 7R	149m2	£5,430	14
Rushmore Hill, Farnborough, BR6 7L	76m2	£5,377	10

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Acorn Way, Farnborough, BR6 7F	99m2	£5,249	13

Acorn Way, Farnborough, BR6 7F has seen 13 new build sales in the last 4 years (average price £589,154). These new build homes typically have an internal area of 99 m2, with an average price of £5,249 m2. This £sqm average is £-591 below the average for BR6 7. New builds typically command a £ per sqm premium. In the case of Acorn 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 Farnborough 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
Flat 4 Salisbury House, 8, Cottonwood Close, Farnborough, Orpington	£295,000 Sep-2023	69	4,275
10a, Starts Hill Rd, Farnborough, Orpington	£452,500 Sep-2023	71	6,373
29, Oleander Close, Farnborough, Orpington	£740,000 Aug-2023	162	4,567

See the entire list of all sales in Farnborough (BR6 7) here.