Feb 07, 2023 by HM

House prices in Addiscombe (CR0 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Addiscombe (CR0 7).

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Price per square metre

Knowing the average house price in Addiscombe 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. Flat 26 Mildred Court, 26, Bingham Road, Addiscombe, Croydon, sold for £280,000 on Oct-2023. Given the internal area of 71 square metres, the price per sqm is £3,943.

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. £5,250-£5,500, £5,500-£5,750, £5,750-£6,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 257 sales in Addiscombe (CR0 7) 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 Addiscombe (CR0 7). Of the 257 transactions, half were sold for between £4,290 and £5,690 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,690m². 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 7' is £5,000. The table below shows how 'CR0 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CR0 3 Croydon	£4,030m2	£4,680m2	£5,310m2
CR0 5 Croydon	£4,570m2	£5,120m2	£5,690m2
CR0 7 Addiscombe	£4,290m2	£5,000m2	£5,690m2
CR0 6 Addiscombe	£4,360m2	£4,940m2	£5,470m2
CR0 0 New Addington	£4,310m2	£4,680m2	£5,140m2
CR0 1 Croydon	£4,160m2	£4,660m2	£5,440m2
CR0 8 Croydon	£4,590m2	£5,240m2	£5,800m2
CR0 2 Croydon	£4,000m2	£4,670m2	£5,140m2
CR0 9 New Addington	£3,930m2	£4,430m2	£4,830m2
CR0 4 Beddington	£4,380m2	£5,060m2	£5,710m2

Will Addiscombe 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 7 (Addiscombe). 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 7 and the blue dots are the individual property sales that inform this trend.

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

Price map for Addiscombe

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 Addiscombe. 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 Addiscombe

Street level data

Street	Avg size	Avg £/m2	Recent sales
Regency Walk, Addiscombe, CR0 7U	82m2	£4,604	36
The Glade, Addiscombe, CR0 7Q	103m2	£5,039	26
Bingham Road, Addiscombe, CR0 7E	92m2	£4,288	25
Longheath Gardens, Addiscombe, CR0 7T	75m2	£3,878	21
Tower View, Addiscombe, CR0 7P	102m2	£4,911	20
Ashburton Avenue, Addiscombe, CR0 7J	122m2	£4,654	19
Lower Addiscombe Road, Addiscombe, CR0 7A	96m2	£3,978	18
Kempton Walk, Addiscombe, CR0 7X	80m2	£4,898	15

Search for your street here.

Raw data

Our analysis of Addiscombe 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
Flat 26 Mildred Court, 26, Bingham Rd, Addiscombe, Croydon	£280,000 Oct-2023	71	3,943
Flat 5 Mildred Court, 26, Bingham Rd, Addiscombe, Croydon	£300,000 Oct-2023	69	4,347
5, Woodland Way, Addiscombe, Croydon	£566,000 Sep-2023	90	6,288

See the entire list of all sales in Addiscombe (CR0 7) here.