Feb 07, 2023 by HM

House prices in Kenley (CR8 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Kenley (CR8 5).

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Price per square metre

Knowing the average house price in Kenley 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. 219, Godstone Road, Kenley, Purley, sold for £377,000 on Sep-2023. Given the internal area of 75 square metres, the price per sqm is £5,026.

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. £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 215 sales in Kenley (CR8 5) 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 Kenley (CR8 5). Of the 215 transactions, half were sold for between £4,450 and £5,740 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,740m². 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 'CR8 5' is £5,100. The table below shows how 'CR8 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CR8 3 Purley	£4,380m2	£5,030m2	£5,730m2
CR8 4 Purley	£4,450m2	£5,040m2	£5,590m2
CR8 5 Kenley	£4,450m2	£5,100m2	£5,740m2
CR8 1 Purley	£4,600m2	£5,390m2	£5,960m2
CR8 2 Purley	£4,280m2	£4,960m2	£5,540m2

Will Kenley 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 CR8 5 (Kenley). 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 CR8 5 and the blue dots are the individual property sales that inform this trend.

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

Price map for Kenley

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 Kenley. 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 Kenley

Street level data

Street	Avg size	Avg £/m2	Recent sales
Welcomes Road, Kenley, CR8 5H	198m2	£5,580	31
Valley Road, Kenley, CR8 5D	73m2	£4,927	27
Little Roke Avenue, Kenley, CR8 5N	82m2	£4,647	24
Godstone Road, Kenley, CR8 5B	72m2	£4,876	24
Lower Road, Kenley, CR8 5N	75m2	£5,171	23
Valley Road, Kenley, CR8 5B	91m2	£5,508	22
Hayes Lane, Kenley, CR8 5H	146m2	£5,256	15
Roke Lodge Road, Kenley, CR8 5N	81m2	£5,195	15

Search for your street here.

Raw data

Our analysis of Kenley 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
219, Godstone Rd, Kenley, Purley	£377,000 Sep-2023	75	5,026
4, Cumnor Rise, Kenley, Purley	£955,000 Aug-2023	187	5,106
Flat 4 Mandrel House, 10, Old Barn Lane, Kenley, Purley	£132,500 Aug-2023	49	2,704

See the entire list of all sales in Kenley (CR8 5) here.