Feb 07, 2023 by HM

House prices in Croydon (CR0 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Croydon (CR0 1).

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Price per square metre

Knowing the average house price in Croydon 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. 55, Howley Road, Croydon, sold for £415,000 on Aug-2023. Given the internal area of 102 square metres, the price per sqm is £4,068.

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 214 sales in Croydon (CR0 1) 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 Croydon (CR0 1). Of the 214 transactions, half were sold for between £4,140 and £5,420 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,420m². 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 1' is £4,660. The table below shows how 'CR0 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CR0 2 Croydon	£3,980m2	£4,640m2	£5,150m2
CR0 1 Croydon	£4,140m2	£4,660m2	£5,420m2
CR0 9 New Addington	£3,930m2	£4,440m2	£4,830m2
CR0 3 Croydon	£4,020m2	£4,650m2	£5,300m2
CR0 5 Croydon	£4,500m2	£5,120m2	£5,670m2
CR0 7 Addiscombe	£4,340m2	£5,050m2	£5,840m2
CR0 4 Beddington	£4,410m2	£5,130m2	£5,740m2
CR0 6 Croydon	£4,370m2	£4,950m2	£5,480m2
CR0 0 New Addington	£4,300m2	£4,660m2	£5,130m2
CR0 8 Croydon	£4,510m2	£5,220m2	£5,780m2

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

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

Price map for Croydon

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 Croydon. 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 Croydon

Street level data

Street	Avg size	Avg £/m2	Recent sales
St Peters Road, Croydon, CR0 1H	66m2	£4,456	26
Tanfield Road, Croydon, CR0 1A	76m2	£4,383	22
Chatsworth Road, Croydon, CR0 1H	61m2	£5,361	22
Temple Road, Croydon, CR0 1H	100m2	£4,382	21
Park Lane, Croydon, CR0 1J	63m2	£5,200	16
Heathfield Road, Croydon, CR0 1E	59m2	£5,027	14
Mulgrave Road, Croydon, CR0 1B	63m2	£4,037	13
Coombe Road, Croydon, CR0 1B	75m2	£4,147	13

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
High Street, Croydon, CR0 1F	59m2	£6,032	81

High Street, Croydon, CR0 1F has seen 81 new build sales in the last 4 years (average price £371,272). These new build homes typically have an internal area of 59 m2, with an average price of £6,032 m2. This £sqm average is £1372 above the average for CR0 1. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Croydon 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
55, Howley Rd, Croydon	£415,000 Aug-2023	102	4,068
Flat 55 Leon House, 233, High St, Croydon	£355,000 Aug-2023	70	5,071
Flat 2 Exo Court, 78, Heathfield Rd, Croydon	£245,000 Aug-2023	51	4,803

See the entire list of all sales in Croydon (CR0 1) here.