# House prices in CM15 9 (Pilgrims Hatch)

This article reveals price per square metre data and various charts to help you understand current housing market in Pilgrims Hatch, Shenfield (CM15 9).

## Defining 'CM15 9'

This analysis is limited to properties whose postcode starts with "CM15 9", 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 Pilgrims Hatch.

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 Pilgrims Hatch 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. 199, Hatch Road, Pilgrims Hatch, Shenfield, sold for £395,000 on Mar-2024. Given the internal area of 67 square metres, the price per sqm is £5,895.

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 222 sales in Pilgrims Hatch (CM15 9) that took place in the last two years.

##### Distribution of £ per sqm for Pilgrims Hatch, Shenfield
Distribution of £ per sqm house prices in Pilgrims Hatch

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 Pilgrims Hatch (CM15 9). Of the 222 transactions, half were sold for between £4,410 and £5,920 per square metre. The median, or 'middle', price per square metre in 'CM15 9' is £5,050. Notably, only 25% of properties that sold recently were valued at more than £5,920 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 Pilgrims Hatch, Shenfield

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 Shenfield. 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 Pilgrims Hatch, Shenfield

## Comparison with neighbouring postcode sectors

The table below shows how 'CM15 9' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM15 0 Doddinghurst £4,650 sqm £5,140 sqm £5,980 sqm
CM15 9 Pilgrims Hatch £4,410 sqm £5,050 sqm £5,920 sqm
CM15 8 Shenfield £5,520 sqm £6,090 sqm £6,920 sqm

## Will Shenfield 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 CM15 9 (Pilgrims Hatch) compared with both the wider area CM15 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 Pilgrims Hatch,Shenfield
House price trends for Pilgrims Hatch

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 CM15 9 sales
Recent trends for Pilgrims Hatch

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 Shenfield 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 Shenfield 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
Hatch Road, Pilgrims Hatch, CM15 9Q 93 sqm £5,142 31
Sawyers Hall Lane, Pilgrims Hatch, CM15 9B 50 sqm £3,582 30
Ongar Road, Pilgrims Hatch, CM15 9D 79 sqm £5,142 25
Shenfield Place, Pilgrims Hatch, CM15 9A 161 sqm £6,264 19
Danes Way, Pilgrims Hatch, CM15 9J 103 sqm £4,849 18
Ongar Road, Pilgrims Hatch, CM15 9J 120 sqm £4,515 15
Warescot Road, Pilgrims Hatch, CM15 9H 114 sqm £4,968 14
Kimpton Avenue, Pilgrims Hatch, CM15 9H 85 sqm £6,204 14

## Raw data

Our analysis of Pilgrims Hatch 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.