# House prices in CR0 5 (Lebanon Road)

## Defining 'CR0 5'

This analysis is limited to properties whose postcode starts with "CR0 5", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Lebanon Road.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Lebanon Road 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. 8, Crusader Gardens, Lebanon Road, Croydon, sold for £510,000 on Mar-2024. Given the internal area of 98 square metres, the price per sqm is £5,204.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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 212 sales in Lebanon Road (CR0 5) that took place in the last two years.

##### Distribution of £ per sqm for Lebanon Road, Croydon
Distribution of £ per sqm house prices in Lebanon Road

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 Lebanon Road (CR0 5). Of the 212 transactions, half were sold for between £4,450 and £5,560 per square metre. The median, or 'middle', price per square metre in 'CR0 5' is £5,000. Notably, only 25% of properties that sold recently were valued at more than £5,560 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Lebanon Road, 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.

House price heatmap for Lebanon Road, Croydon

## Comparison with neighbouring postcode sectors

The table below shows how 'CR0 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CR0 4 Waddon £4,370 sqm £5,000 sqm £5,570 sqm
CR0 3 Ampere Way £4,090 sqm £4,680 sqm £5,340 sqm
CR0 5 Lebanon Road £4,450 sqm £5,000 sqm £5,560 sqm
CR0 6 Lebanon Road £4,310 sqm £4,930 sqm £5,470 sqm
CR0 2 West Croydon £3,960 sqm £4,560 sqm £5,170 sqm
CR0 7 Arena £4,310 sqm £4,980 sqm £5,630 sqm
CR0 8 Addington Village £4,650 sqm £5,240 sqm £5,770 sqm
CR0 9 Gravel Hill £3,960 sqm £4,440 sqm £4,850 sqm
CR0 0 New Addington £4,240 sqm £4,680 sqm £5,130 sqm
CR0 1 George Street £4,200 sqm £4,800 sqm £5,400 sqm

## 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 chart below for CR0 5 (Lebanon Road) compared with both the wider area CR0 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Lebanon Road,Croydon
House price trends for Lebanon Road

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CR0 5 sales

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Croydon to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Green Acres, Lebanon Road, CR0 5U 57 sqm £4,814 15
Cotelands, Lebanon Road, CR0 5U 66 sqm £4,759 15
Steep Hill, Lebanon Road, CR0 5Q 58 sqm £5,004 13
Maresfield, Lebanon Road, CR0 5U 60 sqm £4,671 13

## Raw data

Our analysis of Lebanon Road 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.