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).


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. 93, Calley Down Crescent, New Addington, Croydon, sold for £380,000 on Aug-2023. Given the internal area of 73 square metres, the price per sqm is £5,205.

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. £4,800-£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 163 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.

That said, the spread of prices will give you a feel of the typical range to expect in New Addington (CR0 0). Of the 163 transactions, half were sold for between £4,310 and £5,140 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,140m2. 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 'CR0 0' is £4,680. The table below shows how 'CR0 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CR0 3 Croydon £4,030m2 £4,680m2 £5,310m2
CR0 5 Croydon £4,570m2 £5,120m2 £5,690m2
CR0 7 Addiscombe £4,290m2 £5,000m2 £5,690m2
CR0 6 Addiscombe £4,360m2 £4,940m2 £5,470m2
CR0 0 New Addington £4,310m2 £4,680m2 £5,140m2
CR0 1 Croydon £4,160m2 £4,660m2 £5,440m2
CR0 8 Croydon £4,590m2 £5,240m2 £5,800m2
CR0 2 Croydon £4,000m2 £4,670m2 £5,140m2
CR0 9 New Addington £3,930m2 £4,430m2 £4,830m2
CR0 4 Beddington £4,380m2 £5,060m2 £5,710m2

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.

Price map for New Addington

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 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. I will explain more about the methodology and create a key next week.

Property price heatmap for New Addington
House price heatmap for New Addington

Street level data

Street Avg size Avg £/m2 Recent sales
Headley Drive, New Addington, CR0 0Q 81m2 £4,573 23
King Henrys Drive, New Addington, CR0 0A 82m2 £4,200 17
Dunley Drive, New Addington, CR0 0R 78m2 £4,393 17
Overbury Crescent, New Addington, CR0 0L 77m2 £5,391 16
Shaxton Crescent, New Addington, CR0 0N 86m2 £4,631 16
Calley Down Crescent, New Addington, CR0 0E 81m2 £4,190 15
Wolsey Crescent, New Addington, CR0 0P 83m2 £4,879 14
King Henrys Drive, New Addington, CR0 0P 79m2 £3,546 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
93, Calley Down Crescent, New Addington, Croydon £380,000
Aug-2023
73 5,205
19, Rowdown Crescent, New Addington, Croydon £450,000
Aug-2023
81 5,555
30, Salcot Crescent, New Addington, Croydon £405,000
Aug-2023
76 5,328

See the entire list of all sales in New Addington (CR0 0) here.

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.