Feb 07, 2023 by HM

House prices in South Croydon (CR2 7)

This article reveals price per square metre data and various charts to help you understand current housing market in South Croydon (CR2 7).

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Price per square metre

Knowing the average house price in South 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. 13, Hurst View Road, South Croydon, sold for £686,000 on Aug-2023. Given the internal area of 121 square metres, the price per sqm is £5,669.

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 239 sales in South Croydon (CR2 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 South Croydon (CR2 7). Of the 239 transactions, half were sold for between £4,620 and £5,940 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,940m². 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 'CR2 7' is £5,200. The table below shows how 'CR2 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CR2 6 South Croydon	£4,210m2	£4,760m2	£5,420m2
CR2 7 South Croydon	£4,620m2	£5,200m2	£5,940m2
CR2 8 Selsdon	£4,630m2	£5,200m2	£5,800m2
CR2 9 South Croydon	£5,000m2	£5,650m2	£6,230m2
CR2 0 South Croydon	£4,650m2	£5,150m2	£5,730m2

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 scatter plot below for CR2 7 (South 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 CR2 7 and the blue dots are the individual property sales that inform this trend.

Disclaimer: 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. 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 South Croydon data or any other data I am given.

Price map for South 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 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. I will explain more about the methodology and create a key next week.

House price heatmap for South Croydon

Street level data

Street	Avg size	Avg £/m2	Recent sales
Birdhurst Road, South Croydon, CR2 7E	65m2	£4,835	37
St Peters Street, South Croydon, CR2 7D	64m2	£5,545	37
Normanton Road, South Croydon, CR2 7A	60m2	£4,789	32
Campden Road, South Croydon, CR2 7E	67m2	£5,213	27
Birdhurst Rise, South Croydon, CR2 7E	64m2	£4,540	26
Sussex Road, South Croydon, CR2 7D	70m2	£4,978	26
Campden Road, South Croydon, CR2 7B	65m2	£5,806	19
Littleheath Road, South Croydon, CR2 7S	113m2	£5,443	17

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
South Park Hill Road, South Croydon, CR2 7D	70m2	£5,643	19
Harewood Road, South Croydon, CR2 7A	83m2	£4,824	9
Normanton Road, South Croydon, CR2 7F	74m2	£5,535	18

South Park Hill Road, South Croydon, CR2 7D has seen 19 new build sales in the last 4 years (average price £378,591). These new build homes typically have an internal area of 70 m2, with an average price of £5,643 m2. This £sqm average is £443 above the average for CR2 7. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of South 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
13, Hurst View Rd, South Croydon	£686,000 Aug-2023	121	5,669
Flat 24 31, Birdhurst Rd, South Croydon	£320,000 Aug-2023	67	4,776
12, Brent Rd, South Croydon	£750,000 Jul-2023	131	5,725

See the entire list of all sales in South Croydon (CR2 7) here.