Feb 07, 2023 by HM

House prices in Selsdon (CR2 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Selsdon (CR2 8).

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Price per square metre

Knowing the average house price in Selsdon 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 1 145a, Addington Road, Selsdon, South Croydon, sold for £155,000 on Sep-2023. Given the internal area of 54 square metres, the price per sqm is £2,870.

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. £4,800-£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 225 sales in Selsdon (CR2 8) 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 Selsdon (CR2 8). Of the 225 transactions, half were sold for between £4,630 and £5,800 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,800m². 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 8' is £5,200. The table below shows how 'CR2 8' 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 Selsdon 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 8 (Selsdon). 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 8 and the blue dots are the individual property sales that inform this trend.

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

Price map for Selsdon

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 Selsdon. 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 Selsdon

Street level data

Street	Avg size	Avg £/m2	Recent sales
Addington Road, Selsdon, CR2 8L	88m2	£4,369	33
Sundale Avenue, Selsdon, CR2 8R	77m2	£5,068	21
Addington Road, Selsdon, CR2 8R	92m2	£4,968	18
Addington Road, Selsdon, CR2 8A	69m2	£6,684	18
Benhurst Gardens, Selsdon, CR2 8N	92m2	£5,066	18
Norfolk Avenue, Selsdon, CR2 8B	147m2	£4,923	17
Selsdon Park Road, Selsdon, CR2 8J	83m2	£4,773	17
Arundel Avenue, Selsdon, CR2 8B	143m2	£4,918	14

Search for your street here.

Raw data

Our analysis of Selsdon 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 1 145a, Addington Rd, Selsdon, South Croydon	£155,000 Sep-2023	54	2,870
38, Kersey Drive, Selsdon, South Croydon	£830,000 Sep-2023	142	5,845
15, Nightingale Rd, Selsdon, South Croydon	£450,500 Sep-2023	85	5,300

See the entire list of all sales in Selsdon (CR2 8) here.