Feb 07, 2023 by HM

House prices in Writtle (CM1 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Writtle (CM1 3).


Price per square metre

Knowing the average house price in Writtle 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. 46, Little Meadow, Writtle, Chelmsford, sold for £370,000 on Aug-2023. Given the internal area of 102 square metres, the price per sqm is £3,627.

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. £5,700-£6,000, £6,000-£6,300, £6,300-£6,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 204 sales in Writtle (CM1 3) that took place in the last two years.

Distribution of £ per sqm for Writtle (CM1 3)
Distribution of £ per sqm house prices in Writtle

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 Writtle (CM1 3). Of the 204 transactions, half were sold for between £3,780 and £5,180 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,180m2. 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 'CM1 3' is £4,490. The table below shows how 'CM1 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM1 2 Chelmsford £3,890m2 £4,410m2 £5,060m2
CM1 6 Springfield £4,000m2 £4,570m2 £5,240m2
CM1 3 Writtle £3,780m2 £4,490m2 £5,180m2
CM1 1 Chelmsford £3,760m2 £4,220m2 £4,730m2
CM1 7 Broomfield £4,070m2 £4,570m2 £5,060m2
CM1 4 Roxwell £4,080m2 £4,700m2 £5,270m2

Will Writtle 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 CM1 3 (Writtle). 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 CM1 3 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Writtle (CM1 3) over time
House price trends for Writtle

Hover on any blue dot to see details of specific sales

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

Price map for Writtle

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 Writtle. 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 Writtle
House price heatmap for Writtle

Street level data

Street Avg size Avg £/m2 Recent sales
Parkinson Drive, Writtle, CM1 3G 70m2 £3,655 41
Ongar Road, Writtle, CM1 3N 104m2 £4,767 28
Rookes Crescent, Writtle, CM1 3G 67m2 £3,708 27
Writtle Road, Writtle, CM1 3B 96m2 £4,309 18
Mayfield Road, Writtle, CM1 3E 103m2 £5,536 16
Millfields, Writtle, CM1 3L 103m2 £4,343 16
Melba Court, Writtle, CM1 3E 48m2 £4,445 15
Long Brandocks, Writtle, CM1 3J 95m2 £4,264 14

Search for your street here.

Raw data

Our analysis of Writtle 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
46, Little Meadow, Writtle, Chelmsford £370,000
Aug-2023
102 3,627
25, Rookes Crescent, Writtle, Chelmsford £210,000
Aug-2023
57 3,684
Hermitage, Loves Green, Writtle, Chelmsford £460,000
Aug-2023
111 4,144

See the entire list of all sales in Writtle (CM1 3) 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.