Feb 07, 2023 by HM

House prices in Saffron Walden (CB11 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Saffron Walden (CB11 4).


Price per square metre

Knowing the average house price in Saffron Walden 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. 5, Blacklands Close, Saffron Walden, sold for £975,000 on Sep-2023. Given the internal area of 196 square metres, the price per sqm is £4,974.

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 169 sales in Saffron Walden (CB11 4) that took place in the last two years.

Distribution of £ per sqm for Saffron Walden (CB11 4)
Distribution of £ per sqm house prices in Saffron Walden

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 Saffron Walden (CB11 4). Of the 169 transactions, half were sold for between £4,170 and £5,360 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,360m2. 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 'CB11 4' is £4,690. The table below shows how 'CB11 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CB11 4 Saffron Walden £4,170m2 £4,690m2 £5,360m2
CB11 3 Saffron Walden £3,870m2 £4,410m2 £4,970m2

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 scatter plot below for CB11 4 (Saffron Walden). 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 CB11 4 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Saffron Walden (CB11 4) over time
House price trends for Saffron Walden

Hover on any blue dot to see details of specific sales

Disclaimer: 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. 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 Saffron Walden data or any other data I am given.

Price map for Saffron Walden

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 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. I will explain more about the methodology and create a key next week.

Property price heatmap for Saffron Walden
House price heatmap for Saffron Walden

Street level data

Street Avg size Avg £/m2 Recent sales
Long Horse Croft, Saffron Walden, CB11 4B 67m2 £4,151 17
Ross Close, Saffron Walden, CB11 4D 55m2 £4,194 15
Debden Road, Saffron Walden, CB11 4A 100m2 £4,842 15
Pleasant Valley, Saffron Walden, CB11 4A 97m2 £4,712 14
Beeches Close, Saffron Walden, CB11 4B 135m2 £4,737 11
Borough Lane, Saffron Walden, CB11 4A 145m2 £4,731 10
Loompits Way, Saffron Walden, CB11 4B 121m2 £4,230 10
Ross Close, Saffron Walden, CB11 4A 79m2 £4,321 9

Search for your street here.

Raw data

Our analysis of Saffron Walden 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
5, Blacklands Close, Saffron Walden £975,000
Sep-2023
196 4,974
7, Gallows Hill, Saffron Walden £708,000
Sep-2023
137 5,167
16a, Colehills Close, Saffron Walden £350,000
Sep-2023
57 6,140

See the entire list of all sales in Saffron Walden (CB11 4) 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.