Feb 07, 2023 by HM

House prices in South Croydon (CR2 9)

This article reveals price per square metre data and various charts to help you understand current housing market in South Croydon (CR2 9).

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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. 3, Glebe Close, South Croydon, sold for £745,000 on Aug-2023. Given the internal area of 150 square metres, the price per sqm is £4,966.

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. £5,700-£6,000, £6,000-£6,300, £6,300-£6,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 120 sales in South Croydon (CR2 9) 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 9). Of the 120 transactions, half were sold for between £5,000 and £6,230 per square metre. Notably, only 25% of properties that sold recently were valued at more than £6,230m². 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 9' is £5,650. The table below shows how 'CR2 9' 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 9 (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 9 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
Limpsfield Road, South Croydon, CR2 9D	99m2	£4,927	22
Harewood Gardens, South Croydon, CR2 9B	92m2	£5,482	16
Hyde Road, South Croydon, CR2 9N	100m2	£5,159	14
Wentworth Way, South Croydon, CR2 9E	90m2	£5,008	14
Mitchley Avenue, South Croydon, CR2 9H	90m2	£5,518	14
Rectory Park, South Croydon, CR2 9J	130m2	£5,338	13
Limpsfield Road, South Croydon, CR2 9L	80m2	£4,519	12
Limpsfield Road, South Croydon, CR2 9E	99m2	£5,202	11

Search for your street here.

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
3, Glebe Close, South Croydon	£745,000 Aug-2023	150	4,966
148, Wentworth Way, South Croydon	£395,000 Jul-2023	85	4,647
1, Brian Avenue, South Croydon	£567,000 Jul-2023	108	5,250

See the entire list of all sales in South Croydon (CR2 9) here.