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).

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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. 37, Keston Road, Thornton Heath, sold for £401,000 on Aug-2023. Given the internal area of 89 square metres, the price per sqm is £4,505.

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 114 sales in Thornton Heath (CR7 6) 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 Thornton Heath (CR7 6). Of the 114 transactions, half were sold for between £3,710 and £4,850 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,850m². 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 'CR7 6' is £4,330. The table below shows how 'CR7 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CR7 7 Thornton Heath	£3,930m2	£4,550m2	£5,210m2
CR7 6 Thornton Heath	£3,710m2	£4,330m2	£4,850m2
CR7 8 Thornton Heath	£4,080m2	£4,790m2	£5,370m2

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.

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.

Price map for Thornton Heath

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 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. I will explain more about the methodology and create a key next week.

House price heatmap for Thornton Heath

Street level data

Street	Avg size	Avg £/m2	Recent sales
Galpins Road, Thornton Heath, CR7 6E	95m2	£4,650	31
Silverleigh Road, Thornton Heath, CR7 6D	92m2	£4,655	20
Fairlands Avenue, Thornton Heath, CR7 6H	119m2	£3,829	19
Keston Road, Thornton Heath, CR7 6B	84m2	£4,509	14
Leander Road, Thornton Heath, CR7 6J	113m2	£4,117	14
Mayfield Road, Thornton Heath, CR7 6D	94m2	£4,722	12
Headcorn Road, Thornton Heath, CR7 6J	109m2	£3,890	12
Whitehall Road, Thornton Heath, CR7 6A	83m2	£4,059	11

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
37, Keston Rd, Thornton Heath	£401,000 Aug-2023	89	4,505
51, Headcorn Rd, Thornton Heath	£480,000 Aug-2023	125	3,840
108, Galpins Rd, Thornton Heath	£350,000 Aug-2023	98	3,571

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