Feb 07, 2023 by HM

House prices in Thornton Heath (CR7 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Thornton Heath (CR7 6).


Defining 'CR7 6'

This analysis is limited to properties whose postcode starts with "CR7 6", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

Price per square metre

Knowing the average house price in Thornton Heath 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. 31, Leander Road, Thornton Heath, sold for £507,000 on Dec-2023. Given the internal area of 176 square metres, the price per sqm is £2,880.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 95 sales in Thornton Heath (CR7 6) that took place in the last two years.

Distribution of £ per sqm for Thornton Heath (CR7 6)
Distribution of £ per sqm house prices in Thornton Heath

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 Thornton Heath (CR7 6). Of the 95 transactions, half were sold for between £3,760 and £4,840 per square metre. The median, or 'middle', price per square metre in 'CR7 6' is £4,390. Notably, only 25% of properties that sold recently were valued at more than £4,840m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Thornton Heath

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 Thornton Heath. 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 Thornton Heath
House price heatmap for Thornton Heath

Comparison with neighbouring postcode sectors

The table below shows how 'CR7 6' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CR7 8 Thornton Heath £4,050m2 £4,830m2 £5,410m2
CR7 6 Thornton Heath £3,760m2 £4,390m2 £4,840m2
CR7 7 Thornton Heath £3,900m2 £4,520m2 £5,220m2

Will Thornton Heath 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 CR7 6 (Thornton Heath). 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 CR7 6 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Thornton Heath (CR7 6) over time
House price trends for Thornton Heath

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Galpins Road, Thornton Heath, CR7 6E 95m2 £4,615 37
Fairlands Avenue, Thornton Heath, CR7 6H 119m2 £3,893 22
Silverleigh Road, Thornton Heath, CR7 6D 92m2 £4,662 19
Keston Road, Thornton Heath, CR7 6B 84m2 £4,509 14
Headcorn Road, Thornton Heath, CR7 6J 109m2 £3,876 13
Leander Road, Thornton Heath, CR7 6J 114m2 £4,237 13
Mayfield Road, Thornton Heath, CR7 6D 94m2 £4,722 12
Thornton Road, Thornton Heath, CR7 6B 65m2 £3,971 10

Search for your street here.

Raw data

Our analysis of Thornton Heath 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
31, Leander Rd, Thornton Heath £507,000
Dec-2023
176 2,880
34, Fairlands Avenue, Thornton Heath £455,000
Dec-2023
106 4,292
56, Headcorn Rd, Thornton Heath £470,000
Nov-2023
127 3,700

See the entire list of all sales in Thornton Heath (CR7 6) here.

About

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.