Feb 07, 2023 by HM

House prices in Bexleyheath (DA6 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Bexleyheath (DA6 7).

---

Price per square metre

Knowing the average house price in Bexleyheath 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. 98a, Watling Street, Bexleyheath, sold for £157,000 on Aug-2023. Given the internal area of 60 square metres, the price per sqm is £2,616.

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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 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 Bexleyheath (DA6 7) 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 Bexleyheath (DA6 7). Of the 114 transactions, half were sold for between £4,150 and £5,410 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,410m². 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 'DA6 7' is £4,810. The table below shows how 'DA6 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
DA6 7 Bexleyheath	£4,150m2	£4,810m2	£5,410m2
DA6 8 Bexleyheath	£4,610m2	£5,060m2	£5,690m2

Will Bexleyheath 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 DA6 7 (Bexleyheath). 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 DA6 7 and the blue dots are the individual property sales that inform this trend.

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

Price map for Bexleyheath

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 Bexleyheath. 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 Bexleyheath

Street level data

Street	Avg size	Avg £/m2	Recent sales
Watling Street, Bexleyheath, DA6 7Q	81m2	£4,623	19
Pincott Road, Bexleyheath, DA6 7L	53m2	£4,226	19
Oaklands Road, Bexleyheath, DA6 7A	102m2	£4,691	17
Broom Mead, Bexleyheath, DA6 7N	102m2	£4,097	13
Gravel Hill Close, Bexleyheath, DA6 7N	51m2	£4,619	10
Royal Oak Road, Bexleyheath, DA6 7A	61m2	£2,613	10
Warren Road, Bexleyheath, DA6 7L	136m2	£4,607	10
Albion Road, Bexleyheath, DA6 7A	62m2	£5,532	9

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Regal Walk, Bexleyheath, DA6 7B	61m2	£4,728	13

Regal Walk, Bexleyheath, DA6 7B has seen 13 new build sales in the last 4 years (average price £324,182). These new build homes typically have an internal area of 61 m2, with an average price of £4,728 m2. This £sqm average is £-82 below the average for DA6 7. New builds typically command a £ per sqm premium. In the case of Regal Walk the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Bexleyheath 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
98a, Watling St, Bexleyheath	£157,000 Aug-2023	60	2,616
39, Faygate Crescent, Bexleyheath	£642,000 Aug-2023	143	4,489
8 Cardamom Court, 71, Albion Rd, Bexleyheath	£325,000 Aug-2023	55	5,909

See the entire list of all sales in Bexleyheath (DA6 7) here.