Feb 07, 2023 by HM

House prices in Chipstead (CR5 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Chipstead (CR5 3).

Price per square metre

Knowing the average house price in Chipstead 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 7 Graphic House, Station Approach, Chipstead, Coulsdon, sold for £265,000 on Sep-2023. Given the internal area of 51 square metres, the price per sqm is £5,196.

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. £5,800-£6,000, £6,000-£6,200, £6,200-£6,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 221 sales in Chipstead (CR5 3) that took place in the last two years.

Distribution of £ per sqm for Chipstead (CR5 3)
Distribution of £ per sqm house prices in Chipstead

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 Chipstead (CR5 3). Of the 221 transactions, half were sold for between £4,870 and £6,130 per square metre. Notably, only 25% of properties that sold recently were valued at more than £6,130m2. 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 'CR5 3' is £5,460. The table below shows how 'CR5 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CR5 1 Coulsdon £4,830m2 £5,520m2 £6,420m2
CR5 2 Coulsdon £4,480m2 £5,200m2 £5,890m2
CR5 3 Chipstead £4,870m2 £5,460m2 £6,130m2

Will Chipstead 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 CR5 3 (Chipstead). 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 CR5 3 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Chipstead (CR5 3) over time
House price trends for Chipstead

Hover on any blue dot to see details of specific sales

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

Price map for Chipstead

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 Chipstead. 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.

Property price heatmap for Chipstead
House price heatmap for Chipstead

Street level data

Street Avg size Avg £/m2 Recent sales
Chipstead Valley Road, Chipstead, CR5 3B 78m2 £5,128 72
Brighton Road, Chipstead, CR5 3E 79m2 £4,663 33
Outwood Lane, Chipstead, CR5 3N 128m2 £5,381 32
St Andrews Road, Chipstead, CR5 3H 106m2 £5,298 28
Woodlands Grove, Chipstead, CR5 3A 87m2 £5,492 21
Winifred Road, Chipstead, CR5 3J 94m2 £5,721 20
Westleigh Avenue, Chipstead, CR5 3A 85m2 £5,389 17
Rickman Hill, Chipstead, CR5 3D 119m2 £5,076 15

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Charles Howell Drive, Chipstead, CR5 3J 150m2 £4,950 18
Whattingdon Road, Chipstead, CR5 3J 134m2 £4,711 15
Philand Lane, Chipstead, CR5 3G 115m2 £5,176 10
Johnson Drive, Chipstead, CR5 3J 127m2 £4,779 12

Charles Howell Drive, Chipstead, CR5 3J has seen 18 new build sales in the last 4 years (average price £732,805). These new build homes typically have an internal area of 150 m2, with an average price of £4,950 m2. This £sqm average is £-510 below the average for CR5 3. New builds typically command a £ per sqm premium. In the case of Charles Howell Drive the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Chipstead 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 7 Graphic House, Station Approach, Chipstead, Coulsdon £265,000
51 5,196
6, Chinthurst Mews, Chipstead, Coulsdon £515,000
112 4,598
9, Crawford Crescent, Chipstead, Coulsdon £740,000
150 4,933

See the entire list of all sales in Chipstead (CR5 3) here.


HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.