Feb 07, 2023 by HM

House prices in Southminster (CM0 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Southminster (CM0 7).

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Price per square metre

Knowing the average house price in Southminster 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. Flat 1 Regents Court, Regents Close, Southminster, Burnham-On-Crouch, sold for £111,000 on Sep-2023. Given the internal area of 44 square metres, the price per sqm is £2,522.

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 190 sales in Southminster (CM0 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 Southminster (CM0 7). Of the 190 transactions, half were sold for between £3,270 and £4,380 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,380m². 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 'CM0 7' is £3,810. The table below shows how 'CM0 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CM0 7 Southminster	£3,270m2	£3,810m2	£4,380m2
CM0 8 Burnham-On-Crouch	£3,610m2	£4,080m2	£4,620m2

Will Southminster 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 CM0 7 (Southminster). 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 CM0 7 and the blue dots are the individual property sales that inform this trend.

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

Price map for Southminster

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 Southminster. 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 Southminster

Street level data

Street	Avg size	Avg £/m2	Recent sales
Cherry Orchard, Southminster, CM0 7H	60m2	£4,389	19
South Street, Southminster, CM0 7T	107m2	£3,952	17
Station Road, Southminster, CM0 7E	69m2	£4,066	16
Anchorage View, Southminster, CM0 7J	98m2	£3,545	14
North Street, Southminster, CM0 7D	91m2	£3,502	12
Coombe Road, Southminster, CM0 7A	86m2	£3,492	12
Lavender Drive, Southminster, CM0 7R	111m2	£3,576	12
Crown Way, Southminster, CM0 7A	85m2	£3,650	11

Search for your street here.

Raw data

Our analysis of Southminster 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
Flat 1 Regents Court, Regents Close, Southminster, Burnham-On-Crouch	£111,000 Sep-2023	44	2,522
11, Larch Grove, Southminster, Burnham-On-Crouch	£367,500 Sep-2023	93	3,951
25, Queen St, Southminster, Burnham-On-Crouch	£365,000 Sep-2023	124	2,943

See the entire list of all sales in Southminster (CM0 7) here.