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).


Defining 'CR0 1'

This analysis is limited to properties whose postcode starts with "CR0 1", 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 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. 47 Elmhurst Court, St Peters Road, Croydon, sold for £320,000 on Jan-2024. Given the internal area of 72 square metres, the price per sqm is £4,444.

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 202 sales in Croydon (CR0 1) that took place in the last two years.

Distribution of £ per sqm for Croydon (CR0 1)
Distribution of £ per sqm house prices in Croydon

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 Croydon (CR0 1). Of the 202 transactions, half were sold for between £4,290 and £5,390 per square metre. The median, or 'middle', price per square metre in 'CR0 1' is £4,790. Notably, only 25% of properties that sold recently were valued at more than £5,390m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Croydon

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 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.

Property price heatmap for Croydon
House price heatmap for Croydon

Comparison with neighbouring postcode sectors

The table below shows how 'CR0 1' 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 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.

Price per square metre in Croydon (CR0 1) over time
House price trends for Croydon

Hover on any blue dot to see details of specific sales

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.

Street level data

Street Avg size Avg £/m2 Recent sales
St Peters Road, Croydon, CR0 1H 66m2 £4,506 27
Chatsworth Road, Croydon, CR0 1H 61m2 £5,226 23
Tanfield Road, Croydon, CR0 1A 76m2 £4,392 21
Temple Road, Croydon, CR0 1H 99m2 £4,417 20
Heathfield Road, Croydon, CR0 1E 59m2 £4,938 17
Park Lane, Croydon, CR0 1J 63m2 £5,248 15
Mulgrave Road, Croydon, CR0 1B 63m2 £4,134 13
Coombe Road, Croydon, CR0 1B 75m2 £4,055 13

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
High Street, Croydon, CR0 1F 59m2 £5,996 70
Heathfield Gardens, Croydon, CR0 1E 67m2 £4,745 20

High Street, Croydon, CR0 1F has seen 70 new build sales in the last 4 years (average price £369,254). These new build homes typically have an internal area of 59 m2, with an average price of £5,996 m2. This £sqm average is £1206 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
47 Elmhurst Court, St Peters Rd, Croydon £320,000
Jan-2024
72 4,444
50a, South End, Croydon £145,000
Jan-2024
44 3,295
Flat 1 17, Chatsworth Rd, Croydon £250,000
Jan-2024
40 6,250

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