Feb 07, 2023 by HM

House prices in North Weald (CM16 6)

This article reveals price per square metre data and various charts to help you understand current housing market in North Weald (CM16 6).

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Price per square metre

Knowing the average house price in North Weald 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. 63, Beamish Close, North Weald, Epping, sold for £538,000 on Sep-2023. Given the internal area of 112 square metres, the price per sqm is £4,803.

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. £6,150-£6,500, £6,500-£6,850, £6,850-£7,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 188 sales in North Weald (CM16 6) 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 North Weald (CM16 6). Of the 188 transactions, half were sold for between £4,560 and £6,190 per square metre. Notably, only 25% of properties that sold recently were valued at more than £6,190m². 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 'CM16 6' is £5,250. The table below shows how 'CM16 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CM16 4 Epping	£5,200m2	£6,060m2	£7,040m2
CM16 5 Epping	£5,430m2	£5,970m2	£6,400m2
CM16 6 North Weald	£4,560m2	£5,250m2	£6,190m2
CM16 7 Theydon Bois	£5,520m2	£6,330m2	£7,180m2

Will North Weald 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 CM16 6 (North Weald). 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 CM16 6 and the blue dots are the individual property sales that inform this trend.

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

Price map for North Weald

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 North Weald. 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 North Weald

Street level data

Street	Avg size	Avg £/m2	Recent sales
Blenheim Square, North Weald, CM16 6F	79m2	£4,423	27
Lindsey Street, North Weald, CM16 6R	111m2	£5,665	21
Queens Road, North Weald, CM16 6J	87m2	£4,673	19
Kings Wood Park, North Weald, CM16 6F	145m2	£5,210	19
Hampden Close, North Weald, CM16 6J	49m2	£5,355	12
The Magpies, North Weald, CM16 6Q	102m2	£4,914	12
Thornhill, North Weald, CM16 6D	103m2	£4,362	12
York Road, North Weald, CM16 6H	85m2	£4,203	12

Search for your street here.

Raw data

Our analysis of North Weald 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
63, Beamish Close, North Weald, Epping	£538,000 Sep-2023	112	4,803
63, Hampden Close, North Weald, Epping	£415,000 Sep-2023	70	5,928
30, Cunningham Rise, North Weald, Epping	£250,000 Aug-2023	70	3,571

See the entire list of all sales in North Weald (CM16 6) here.