# House prices in BR8 7 (Bexley)

This article reveals price per square metre data and various charts to help you understand current housing market in 'BR8 7' (Bexley, Swanley) - statistics were last calculated on 31 July 2024.

## Defining 'BR8 7'

This analysis is limited to properties whose postcode starts with "BR8 7", 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 Bexley.

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 Bexley 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. 4, Birchwood Terrace, Bexley, Swanley, sold for £325,000 on Jun-2024. Given the internal area of 69 square metres, the price per sqm is £4,710.

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. £4,800-£5,000, £5,000-£5,200, £5,200-£5,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 261 sales in Bexley (BR8 7) that took place in the last two years.

##### Distribution of £ per sqm for Bexley, Swanley
Distribution of £ per sqm house prices in Bexley

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 Bexley (BR8 7). Of the 261 transactions, half were sold for between £4,100 and £5,430 per square metre. The median, or 'middle', price per square metre in 'BR8 7' is £4,660. Notably, only 25% of properties that sold recently were valued at more than £5,430 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 Bexley, Swanley

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 Swanley. 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 Bexley, Swanley

## Comparison with neighbouring postcode sectors

The table below shows how 'BR8 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BR8 7 Bexley £4,100 sqm £4,660 sqm £5,430 sqm
BR8 8 St Mary Cray £4,240 sqm £4,770 sqm £5,370 sqm

## Will Swanley 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 BR8 7 (Bexley) compared with both the wider area BR8 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 Bexley,Swanley
House price trends for Bexley

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 BR8 7 sales
Recent trends for Bexley

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 Swanley 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 Swanley 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
Claremont Road, Bexley, BR8 7Q 86 sqm £4,792 38
Oakleigh Close, Bexley, BR8 7W 52 sqm £3,981 33
Archer Way, Bexley, BR8 7X 92 sqm £5,055 20
Bower Road, Bexley, BR8 7S 85 sqm £4,860 19
Dale Road, Bexley, BR8 7H 85 sqm £4,906 18
Lower Road, Bexley, BR8 7R 88 sqm £4,595 15
London Road, Bexley, BR8 7A 82 sqm £3,934 13
Inglewood, Bexley, BR8 7Y 44 sqm £2,587 13

Search for your street here.

## New build activity

Street Avg size Avg £sqm New build sales
St Marys Road, Bexley, BR8 7B 78 sqm £4,563 9

St Marys Road, Bexley, BR8 7B has seen 9 new build sales in the last 4 years (average price £374,145). These new build homes typically have an internal area of 78 sqm, with an average price of £4,563 sqm. This £sqm average is £-97 below the average for BR8 7. New builds typically command a £ per sqm premium. In the case of St Marys Road 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 Bexley 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
4, Birchwood Terrace, Bexley, Swanley £325,000
Jun-2024
69 4,710
19, Whitecroft, Bexley, Swanley £360,000
Jun-2024
78 4,615
9, Dawson Drive, Bexley, Swanley £575,000
May-2024
103 5,582

#### 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.