House prices in CR2 0 (Sanderstead)

This article reveals price per square metre data and various charts to help you understand current housing market in Sanderstead, South Croydon (CR2 0).


Defining 'CR2 0'

This analysis is limited to properties whose postcode starts with "CR2 0", 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 Sanderstead.

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 Sanderstead 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. 129, Purley Oaks Road, Sanderstead, South Croydon, sold for £700,000 on Feb-2024. Given the internal area of 137 square metres, the price per sqm is £5,109.

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. £4,250-£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 204 sales in Sanderstead (CR2 0) that took place in the last two years.

Distribution of £ per sqm for Sanderstead, South Croydon
Distribution of £ per sqm house prices in Sanderstead

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 Sanderstead (CR2 0). Of the 204 transactions, half were sold for between £4,580 and £5,750 per square metre. The median, or 'middle', price per square metre in 'CR2 0' is £5,150. Notably, only 25% of properties that sold recently were valued at more than £5,750 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 Sanderstead, South 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 South 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 Sanderstead
House price heatmap for Sanderstead, South Croydon

Comparison with neighbouring postcode sectors

The table below shows how 'CR2 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CR2 6 Purley Oaks £4,230 sqm £4,870 sqm £5,480 sqm
CR2 8 Gravel Hill £4,680 sqm £5,290 sqm £5,860 sqm
CR2 7 South Croydon £4,560 sqm £5,140 sqm £5,840 sqm
CR2 0 Sanderstead £4,580 sqm £5,150 sqm £5,750 sqm
CR2 9 Upper Warlingham £4,990 sqm £5,620 sqm £6,290 sqm

Will South 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 CR2 0 (Sanderstead) compared with both the wider area CR2 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 Sanderstead,South Croydon
House price trends for Sanderstead

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 CR2 0 sales
Recent trends for Sanderstead

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 South 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 South 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
Bynes Road, Sanderstead, CR2 0P 68 sqm £5,337 29
Sanderstead Road, Sanderstead, CR2 0P 70 sqm £4,817 22
Mayfield Road, Sanderstead, CR2 0B 91 sqm £4,309 21
Grange Road, Sanderstead, CR2 0N 102 sqm £4,527 21
Ridge Langley, Sanderstead, CR2 0A 105 sqm £4,784 16
Arkwright Road, Sanderstead, CR2 0L 158 sqm £5,514 16
Purley Downs Road, Sanderstead, CR2 0R 160 sqm £5,224 15
Purley Oaks Road, Sanderstead, CR2 0N 128 sqm £4,957 14

Search for your street here.

New build activity

Street Avg size Avg £sqm New build sales
West Hill, Sanderstead, CR2 0S 150 sqm £5,813 23

West Hill, Sanderstead, CR2 0S has seen 23 new build sales in the last 4 years (average price £625,683). These new build homes typically have an internal area of 150 sqm, with an average price of £5,813 sqm. This £sqm average is £663 above the average for CR2 0. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Sanderstead 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 sqm £/sqm
129, Purley Oaks Rd, Sanderstead, South Croydon £700,000
Feb-2024
137 5,109
15b, Beechwood Rd, Sanderstead, South Croydon £577,500
Jan-2024
117 4,935
1 Wendover Court, 27, Mayfield Rd, Sanderstead, South Croydon £210,000
Jan-2024
53 3,962

See the entire list of all sales in Sanderstead (CR2 0) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.