House prices in CR8 1 (Riddlesdown)

This article reveals price per square metre data and various charts to help you understand current housing market in Riddlesdown, Purley (CR8 1).


Defining 'CR8 1'

This analysis is limited to properties whose postcode starts with "CR8 1", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Riddlesdown.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Riddlesdown 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. 21, Eskdale Gardens, Riddlesdown, Purley, sold for £570,000 on Apr-2024. Given the internal area of 89 square metres, the price per sqm is £6,404.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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. £4,700-£5,000, £5,000-£5,300, £5,300-£5,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 98 sales in Riddlesdown (CR8 1) that took place in the last two years.

Distribution of £ per sqm for Riddlesdown, Purley
Distribution of £ per sqm house prices in Riddlesdown

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 Riddlesdown (CR8 1). Of the 98 transactions, half were sold for between £4,560 and £5,700 per square metre. The median, or 'middle', price per square metre in 'CR8 1' is £5,240. Notably, only 25% of properties that sold recently were valued at more than £5,700 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Riddlesdown, Purley

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 Purley. 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 Riddlesdown
House price heatmap for Riddlesdown, Purley

Comparison with neighbouring postcode sectors

The table below shows how 'CR8 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CR8 5 Kenley £4,380 sqm £5,040 sqm £5,730 sqm
CR8 2 Purley £4,220 sqm £4,850 sqm £5,500 sqm
CR8 4 Reedham £4,220 sqm £5,000 sqm £5,480 sqm
CR8 1 Riddlesdown £4,560 sqm £5,240 sqm £5,700 sqm
CR8 3 Reedham £4,380 sqm £5,080 sqm £6,040 sqm

Will Purley 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 chart below for CR8 1 (Riddlesdown) compared with both the wider area CR8 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Historic price per square metre in Riddlesdown,Purley
House price trends for Riddlesdown

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Most recent CR8 1 sales
Recent trends for Riddlesdown

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Purley to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Purley 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.

Street level data

Street Avg size Avg £sqm Recent sales
Riddlesdown Road, Riddlesdown, CR8 1D 140 sqm £5,186 29
Downs Court Road, Riddlesdown, CR8 1B 122 sqm £5,179 25
Grasmere Road, Riddlesdown, CR8 1D 110 sqm £5,396 21
Lower Barn Road, Riddlesdown, CR8 1H 89 sqm £4,804 19
Brancaster Lane, Riddlesdown, CR8 1H 128 sqm £5,338 16
Oakwood Avenue, Riddlesdown, CR8 1A 179 sqm £5,248 11
Warren Road, Riddlesdown, CR8 1A 119 sqm £5,035 11
Purley Bury Avenue, Riddlesdown, CR8 1J 146 sqm £5,569 11

Search for your street here.

Raw data

Our analysis of Riddlesdown 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 sqm £/sqm
21, Eskdale Gardens, Riddlesdown, Purley £570,000
Apr-2024
89 6,404
58, Selcroft Rd, Riddlesdown, Purley £650,000
Mar-2024
137 4,744
65, Derwent Drive, Riddlesdown, Purley £635,000
Mar-2024
116 5,474

See the entire list of all sales in Riddlesdown (CR8 1) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.