# House prices in CB10 1 (Great Chesterford)

This article reveals price per square metre data and various charts to help you understand current housing market in Great Chesterford, Saffron Walden (CB10 1).

## Defining 'CB10 1'

This analysis is limited to properties whose postcode starts with "CB10 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 Great Chesterford.

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 Great Chesterford 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. 22, High Street, Great Chesterford, Saffron Walden, sold for £426,500 on Mar-2024. Given the internal area of 81 square metres, the price per sqm is £5,265.

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 108 sales in Great Chesterford (CB10 1) that took place in the last two years.

##### Distribution of £ per sqm for Great Chesterford, Saffron Walden
Distribution of £ per sqm house prices in Great Chesterford

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 Great Chesterford (CB10 1). Of the 108 transactions, half were sold for between £4,020 and £5,320 per square metre. The median, or 'middle', price per square metre in 'CB10 1' is £4,510. Notably, only 25% of properties that sold recently were valued at more than £5,320 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 Great Chesterford, Saffron Walden

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 Saffron Walden. 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.

House price heatmap for Great Chesterford, Saffron Walden

## Comparison with neighbouring postcode sectors

The table below shows how 'CB10 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CB10 2 Saffron Walden £4,070 sqm £4,730 sqm £5,310 sqm
CB10 1 Great Chesterford £4,020 sqm £4,510 sqm £5,320 sqm

## Will Saffron Walden 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 CB10 1 (Great Chesterford) compared with both the wider area CB10 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 Great Chesterford,Saffron Walden
House price trends for Great Chesterford

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 CB10 1 sales
Recent trends for Great Chesterford

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 Saffron Walden 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 Saffron Walden 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
Castle Street, Great Chesterford, CB10 1B 78 sqm £5,237 16
Stanley Road, Great Chesterford, CB10 1Q 119 sqm £4,655 12
High Street, Great Chesterford, CB10 1Q 111 sqm £5,215 8
East Street, Great Chesterford, CB10 1L 73 sqm £4,498 8
High Street, Great Chesterford, CB10 1P 136 sqm £4,208 7
Rookery Close, Great Chesterford, CB10 1Q 76 sqm £4,363 7
Pilgrim Close, Great Chesterford, CB10 1Q 85 sqm £3,849 6
Butchers Hill, Great Chesterford, CB10 1S 175 sqm £4,765 6

## New build activity

Street Avg size Avg £sqm New build sales
Icknield Rise, Great Chesterford, CB10 1F 93 sqm £4,023 9

Icknield Rise, Great Chesterford, CB10 1F has seen 9 new build sales in the last 4 years (average price £361,293). These new build homes typically have an internal area of 93 sqm, with an average price of £4,023 sqm. This £sqm average is £-487 below the average for CB10 1. New builds typically command a £ per sqm premium. In the case of Icknield Rise 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 Great Chesterford 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.