Feb 07, 2023 by HM

House prices in Sidcup (DA15 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Sidcup (DA15 7).


Price per square metre

Knowing the average house price in Sidcup 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. 137, Harland Avenue, Sidcup, sold for £475,000 on Sep-2023. Given the internal area of 59 square metres, the price per sqm is £8,050.

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. £5,250-£5,500, £5,500-£5,750, £5,750-£6,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 147 sales in Sidcup (DA15 7) that took place in the last two years.

Distribution of £ per sqm for Sidcup (DA15 7)
Distribution of £ per sqm house prices in Sidcup

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 Sidcup (DA15 7). Of the 147 transactions, half were sold for between £4,380 and £5,840 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,840m2. 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 'DA15 7' is £5,190. The table below shows how 'DA15 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DA15 7 Sidcup £4,380m2 £5,190m2 £5,840m2
DA15 8 Sidcup £5,160m2 £5,740m2 £6,450m2
DA15 9 Sidcup £5,050m2 £5,710m2 £6,400m2

Will Sidcup 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 DA15 7 (Sidcup). 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 DA15 7 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Sidcup (DA15 7) over time
House price trends for Sidcup

Hover on any blue dot to see details of specific sales

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

Price map for Sidcup

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 Sidcup. 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 Sidcup
House price heatmap for Sidcup

Street level data

Street Avg size Avg £/m2 Recent sales
Longlands Road, Sidcup, DA15 7L 78m2 £4,790 45
Manor Road, Sidcup, DA15 7H 71m2 £4,197 34
Woodside Road, Sidcup, DA15 7J 75m2 £5,391 22
Station Road, Sidcup, DA15 7D 85m2 £4,669 22
Station Road, Sidcup, DA15 7A 53m2 £4,794 15
Longlands Road, Sidcup, DA15 7N 62m2 £4,455 15
Harland Avenue, Sidcup, DA15 7N 123m2 £5,396 15
Brooklands Avenue, Sidcup, DA15 7P 106m2 £5,801 13

Search for your street here.

Raw data

Our analysis of Sidcup 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
137, Harland Avenue, Sidcup £475,000
Sep-2023
59 8,050
32, Woodside Rd, Sidcup £375,000
Sep-2023
61 6,147
22, Victoria Rd, Sidcup £665,000
Sep-2023
92 7,228

See the entire list of all sales in Sidcup (DA15 7) 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.