Feb 07, 2023 by HM

House prices in Great Chesterford (CB10 1)

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

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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. 38, Rookery Close, Great Chesterford, Saffron Walden, sold for £310,000 on Oct-2023. Given the internal area of 95 square metres, the price per sqm is £3,263.

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. £4,600-£5,000, £5,000-£5,400, £5,400-£5,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 97 sales in Great Chesterford (CB10 1) 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 Great Chesterford (CB10 1). Of the 97 transactions, half were sold for between £3,980 and £5,340 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,340m². 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 'CB10 1' is £4,650. The table below shows how 'CB10 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CB10 1 Great Chesterford	£3,980m2	£4,650m2	£5,340m2
CB10 2 Saffron Walden	£3,930m2	£4,540m2	£5,040m2

Will Great Chesterford 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 CB10 1 (Great Chesterford). 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 CB10 1 and the blue dots are the individual property sales that inform this trend.

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

Price map for Great Chesterford

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 Great Chesterford. 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 Great Chesterford

Street level data

Street	Avg size	Avg £/m2	Recent sales
Castle Street, Great Chesterford, CB10 1B	77m2	£5,333	14
Stanley Road, Great Chesterford, CB10 1Q	118m2	£4,617	11
Rookery Close, Great Chesterford, CB10 1Q	76m2	£4,309	8
High Street, Great Chesterford, CB10 1Q	111m2	£5,240	8
High Street, Great Chesterford, CB10 1A	138m2	£3,962	7
Artisans Dwellings, Great Chesterford, CB10 1L	76m2	£4,562	7
East Street, Great Chesterford, CB10 1L	73m2	£4,467	7
High Street, Great Chesterford, CB10 1P	128m2	£4,472	7

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Icknield Rise, Great Chesterford, CB10 1F	94m2	£3,994	12

Icknield Rise, Great Chesterford, CB10 1F has seen 12 new build sales in the last 4 years (average price £378,125). These new build homes typically have an internal area of 94 m2, with an average price of £3,994 m2. This £sqm average is £-656 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.

Address	Paid	m2	£/m2
38, Rookery Close, Great Chesterford, Saffron Walden	£310,000 Oct-2023	95	3,263
4, Butchers Hill, Great Chesterford, Saffron Walden	£747,500 Oct-2023	207	3,611
25, High St, Great Chesterford, Saffron Walden	£407,000 Sep-2023	113	3,601

See the entire list of all sales in Great Chesterford (CB10 1) here.