Feb 07, 2023 by HM

House prices in Croydon (CR0 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Croydon (CR0 2).


Defining 'CR0 2'

This analysis is limited to properties whose postcode starts with "CR0 2", 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. 1, Grenaby Road, Croydon, sold for £465,500 on Feb-2024. Given the internal area of 76 square metres, the price per sqm is £6,125.

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 332 sales in Croydon (CR0 2) that took place in the last two years.

Distribution of £ per sqm for Croydon (CR0 2)
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 2). Of the 332 transactions, half were sold for between £3,970 and £5,180 per square metre. The median, or 'middle', price per square metre in 'CR0 2' is £4,560. Notably, only 25% of properties that sold recently were valued at more than £5,180m2. 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 2' 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 2 (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 2 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Croydon (CR0 2) 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
Saffron Central Square, Croydon, CR0 2F 56m2 £4,541 48
Caithness Walk, Croydon, CR0 2W 66m2 £4,685 25
Sydenham Road, Croydon, CR0 2E 67m2 £4,559 25
Saffron Central Square, Croydon, CR0 2G 58m2 £5,500 24
Whitehorse Road, Croydon, CR0 2L 81m2 £4,028 24
Harry Close, Croydon, CR0 2N 59m2 £4,233 20
Pawsons Road, Croydon, CR0 2Q 71m2 £4,462 16
Milton Road, Croydon, CR0 2B 61m2 £4,637 15

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Tavistock Road, Croydon, CR0 2A 67m2 £4,159 30
Bell Foundry Close, Croydon, CR0 2Y 73m2 £6,326 35
Lodge Road, Croydon, CR0 2P 73m2 £4,721 9

Tavistock Road, Croydon, CR0 2A has seen 30 new build sales in the last 4 years (average price £273,228). These new build homes typically have an internal area of 67 m2, with an average price of £4,159 m2. This £sqm average is £-401 below the average for CR0 2. New builds typically command a £ per sqm premium. In the case of Tavistock 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 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
1, Grenaby Rd, Croydon £465,500
Feb-2024
76 6,125
Flat 67 Tennyson Apartments, 1, Saffron Central Square, Croydon £92,000
Jan-2024
49 1,877
39, St Saviours Rd, Croydon £290,000
Jan-2024
58 5,000

See the entire list of all sales in Croydon (CR0 2) 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.