Feb 07, 2023 by HM

House prices in New Addington (CR0 0)

This article reveals price per square metre data and various charts to help you understand current housing market in New Addington (CR0 0).

Defining 'CR0 0'

This analysis is limited to properties whose postcode starts with "CR0 0", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

Price per square metre

Knowing the average house price in New Addington 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. 48, Frimley Crescent, New Addington, Croydon, sold for £340,000 on Feb-2024. Given the internal area of 84 square metres, the price per sqm is £4,047.

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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 152 sales in New Addington (CR0 0) that took place in the last two years.

Distribution of £ per sqm for New Addington (CR0 0)
Distribution of £ per sqm house prices in New Addington

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 New Addington (CR0 0). Of the 152 transactions, half were sold for between £4,250 and £5,130 per square metre. The median, or 'middle', price per square metre in 'CR0 0' is £4,690. Notably, only 25% of properties that sold recently were valued at more than £5,130m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for New Addington

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 New Addington. 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 New Addington

Comparison with neighbouring postcode sectors

The table below shows how 'CR0 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CR0 3 Croydon £4,100m2 £4,680m2 £5,330m2
CR0 5 Croydon £4,450m2 £5,000m2 £5,570m2
CR0 7 Addiscombe £4,290m2 £4,960m2 £5,630m2
CR0 4 Beddington £4,400m2 £5,000m2 £5,610m2
CR0 0 New Addington £4,250m2 £4,690m2 £5,130m2
CR0 8 Croydon £4,650m2 £5,220m2 £5,770m2
CR0 2 Croydon £3,970m2 £4,560m2 £5,180m2
CR0 9 New Addington £3,970m2 £4,450m2 £4,830m2
CR0 6 Addiscombe £4,360m2 £4,940m2 £5,470m2
CR0 1 Croydon £4,290m2 £4,790m2 £5,390m2

Will New Addington 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 CR0 0 (New Addington). 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 CR0 0 and the blue dots are the individual property sales that inform this trend.

Price per square metre in New Addington (CR0 0) over time
House price trends for New Addington

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Headley Drive, New Addington, CR0 0Q 81m2 £4,659 23
Dunley Drive, New Addington, CR0 0R 78m2 £4,405 16
Overbury Crescent, New Addington, CR0 0L 77m2 £5,335 16
Shaxton Crescent, New Addington, CR0 0N 86m2 £4,631 15
King Henrys Drive, New Addington, CR0 0A 82m2 £4,230 15
Calley Down Crescent, New Addington, CR0 0E 80m2 £4,214 14
Wolsey Crescent, New Addington, CR0 0P 82m2 £4,915 13
Uvedale Crescent, New Addington, CR0 0B 87m2 £4,330 12

Search for your street here.

Raw data

Our analysis of New Addington 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
48, Frimley Crescent, New Addington, Croydon £340,000
Feb-2024
84 4,047
49, Uvedale Crescent, New Addington, Croydon £371,000
Jan-2024
80 4,637
41, Bothwell Rd, New Addington, Croydon £385,000
Dec-2023
64 6,015

About

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.