House prices in DA5 1 (Bexley)

This article reveals price per square metre data and various charts to help you understand current housing market in Bexley (DA5 1).


Defining 'DA5 1'

This analysis is limited to properties whose postcode starts with "DA5 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 Bexley.

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 Bexley 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. 56, Parkhill Road, Bexley, sold for £875,000 on Mar-2024. Given the internal area of 182 square metres, the price per sqm is £4,807.

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. £5,150-£5,500, £5,500-£5,850, £5,850-£6,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 169 sales in Bexley (DA5 1) that took place in the last two years.

Distribution of £ per sqm for Bexley
Distribution of £ per sqm house prices in Bexley

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 Bexley (DA5 1). Of the 169 transactions, half were sold for between £4,790 and £6,080 per square metre. The median, or 'middle', price per square metre in 'DA5 1' is £5,350. Notably, only 25% of properties that sold recently were valued at more than £6,080 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 Bexley

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 Bexley. 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 Bexley
House price heatmap for Bexley

Comparison with neighbouring postcode sectors

The table below shows how 'DA5 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DA5 3 Albany Park £4,930 sqm £5,580 sqm £6,440 sqm
DA5 1 Bexley £4,790 sqm £5,350 sqm £6,080 sqm
DA5 2 Bexley £4,740 sqm £5,490 sqm £6,140 sqm

Will Bexley 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 DA5 1 (Bexley) compared with both the wider area DA5 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 Bexley,Bexley
House price trends for Bexley

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 DA5 1 sales
Recent trends for Bexley

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 Bexley 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 Bexley 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
Parkhill Road, Bexley, DA5 1H 72 sqm £5,143 37
Bourne Road, Bexley, DA5 1L 79 sqm £5,029 16
Weir Road, Bexley, DA5 1B 73 sqm £4,345 16
Albert Road, Bexley, DA5 1N 84 sqm £5,774 16
Blendon Road, Bexley, DA5 1B 115 sqm £5,157 14
Rochester Drive, Bexley, DA5 1Q 95 sqm £4,319 13
Hartford Road, Bexley, DA5 1N 94 sqm £5,863 13
Parkhill Road, Bexley, DA5 1J 125 sqm £6,501 12

Search for your street here.

Raw data

Our analysis of Bexley 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
56, Parkhill Rd, Bexley £875,000
Mar-2024
182 4,807
Flat 11 Ascot Court, 66, Parkhill Rd, Bexley £310,000
Mar-2024
56 5,535
11, Shuttlemead, Bexley £485,000
Feb-2024
58 8,362

See the entire list of all sales in Bexley (DA5 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.