Feb 07, 2023 by HM

House prices in Croydon (CR0 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Croydon (CR0 3).

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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. 168, Mitcham Road, Croydon, sold for £340,000 on Sep-2023. Given the internal area of 63 square metres, the price per sqm is £5,396.

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 244 sales in Croydon (CR0 3) 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 3). Of the 244 transactions, half were sold for between £4,020 and £5,300 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,300m². 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 3' is £4,650. The table below shows how 'CR0 3' 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 3 (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 3 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
Dennett Road, Croydon, CR0 3J	75m2	£4,370	21
Boston Road, Croydon, CR0 3E	67m2	£4,791	18
Stanley Road, Croydon, CR0 3Q	70m2	£4,535	16
Fairholme Road, Croydon, CR0 3P	85m2	£4,273	15
Addington Road, Croydon, CR0 3L	69m2	£4,988	15
Greenside Road, Croydon, CR0 3P	90m2	£3,794	13
Cecil Road, Croydon, CR0 3B	86m2	£4,075	13
Wentworth Road, Croydon, CR0 3H	76m2	£4,502	13

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Purley Way, Croydon, CR0 3F	74m2	£5,271	33

Purley Way, Croydon, CR0 3F has seen 33 new build sales in the last 4 years (average price £353,405). These new build homes typically have an internal area of 74 m2, with an average price of £5,271 m2. This £sqm average is £621 above the average for CR0 3. 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
168, Mitcham Rd, Croydon	£340,000 Sep-2023	63	5,396
27, Boston Rd, Croydon	£350,000 Aug-2023	80	4,375
31, Lynton Rd, Croydon	£260,000 Aug-2023	56	4,642

See the entire list of all sales in Croydon (CR0 3) here.