Feb 07, 2023 by HM

House prices in Hatfield Heath (CM22 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Hatfield Heath (CM22 7).

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Price per square metre

Knowing the average house price in Hatfield Heath 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. 1 Old Bakehouse Cottages, High Street, Hatfield Heath, Elsenham, sold for £290,000 on Oct-2023. Given the internal area of 83 square metres, the price per sqm is £3,493.

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. £3,700-£4,000, £4,000-£4,300, £4,300-£4,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 87 sales in Hatfield Heath (CM22 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 Hatfield Heath (CM22 7). Of the 87 transactions, half were sold for between £4,130 and £5,500 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,500m². 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 'CM22 7' is £4,820. The table below shows how 'CM22 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CM22 6 Elsenham	£3,960m2	£4,500m2	£5,050m2
CM22 7 Hatfield Heath	£4,130m2	£4,820m2	£5,500m2

Will Hatfield Heath 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 CM22 7 (Hatfield Heath). 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 CM22 7 and the blue dots are the individual property sales that inform this trend.

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

Price map for Hatfield Heath

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 Hatfield Heath. 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 Hatfield Heath

Street level data

Street	Avg size	Avg £/m2	Recent sales
Pig Lane, Hatfield Heath, CM22 7P	112m2	£4,931	14
Crown Close, Hatfield Heath, CM22 7N	81m2	£4,580	12
High Street, Hatfield Heath, CM22 7H	131m2	£4,502	8
The Plashets, Hatfield Heath, CM22 7N	75m2	£4,886	8
The Street, Hatfield Heath, CM22 7L	161m2	£4,466	8
Latchmore Bank, Hatfield Heath, CM22 7P	173m2	£4,740	7
Primley Lane, Hatfield Heath, CM22 7N	96m2	£4,544	7
Pynchon Paddocks, Hatfield Heath, CM22 7R	156m2	£4,146	7

Search for your street here.

Raw data

Our analysis of Hatfield Heath 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
1 Old Bakehouse Cottages, High St, Hatfield Heath, Elsenham	£290,000 Oct-2023	83	3,493
4a, Ardley Crescent, Hatfield Heath, Elsenham	£157,000 Jun-2023	51	3,078
7, Lower Rd, Hatfield Heath, Elsenham	£401,000 Jun-2023	75	5,346

See the entire list of all sales in Hatfield Heath (CM22 7) here.