# House prices in CM3 1 (Great Leighs)

This article reveals price per square metre data and various charts to help you understand current housing market in 'CM3 1' (Great Leighs, South Woodham Ferrers) - statistics were last calculated on 31 July 2024.

## Defining 'CM3 1'

This analysis is limited to properties whose postcode starts with "CM3 1", 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 Great Leighs.

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 Great Leighs 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. Rest Harrow, Church Lane, Great Leighs, South Woodham Ferrers, sold for £330,000 on Jun-2024. Given the internal area of 72 square metres, the price per sqm is £4,583.

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. £5,150-£5,500, £5,500-£5,850, £5,850-£6,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 67 sales in Great Leighs (CM3 1) that took place in the last two years.

##### Distribution of £ per sqm for Great Leighs, South Woodham Ferrers
Distribution of £ per sqm house prices in Great Leighs

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 Great Leighs (CM3 1). Of the 67 transactions, half were sold for between £3,790 and £5,240 per square metre. The median, or 'middle', price per square metre in 'CM3 1' is £4,440. Notably, only 25% of properties that sold recently were valued at more than £5,240 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 Great Leighs, South Woodham Ferrers

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 South Woodham Ferrers. 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 Great Leighs, South Woodham Ferrers

## Comparison with neighbouring postcode sectors

The table below shows how 'CM3 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM3 4 Danbury £4,150 sqm £4,730 sqm £5,430 sqm
CM3 7 South Woodham Ferrers £4,130 sqm £4,890 sqm £5,460 sqm
CM3 3 Boreham £4,070 sqm £4,670 sqm £5,140 sqm
CM3 6 Mayland £3,560 sqm £4,170 sqm £4,780 sqm
CM3 5 South Woodham Ferrers £3,850 sqm £4,440 sqm £5,000 sqm
CM3 1 Great Leighs £3,790 sqm £4,440 sqm £5,240 sqm
CM3 2 Hatfield Peverel £4,130 sqm £4,630 sqm £5,300 sqm
CM3 8 East Hanningfield £3,550 sqm £4,450 sqm £5,250 sqm

## Will South Woodham Ferrers 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 CM3 1 (Great Leighs) compared with both the wider area CM3 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 Great Leighs,South Woodham Ferrers
House price trends for Great Leighs

Download time series data as CSV (paying users only).

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 CM3 1 sales
Recent trends for Great Leighs

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 South Woodham Ferrers 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 South Woodham Ferrers 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
Fayrewood Drive, Great Leighs, CM3 1G 86 sqm £3,507 20
Shimbrooks, Great Leighs, CM3 1S 80 sqm £3,685 12
Main Road, Great Leighs, CM3 1L 129 sqm £5,089 10
Main Road, Great Leighs, CM3 1N 142 sqm £4,187 10
Evelyn Road, Great Leighs, CM3 1Q 120 sqm £4,583 8
Brickbarns, Great Leighs, CM3 1J 133 sqm £3,740 8
Old Moors, Great Leighs, CM3 1G 93 sqm £3,939 7
Ray Mead, Great Leighs, CM3 1A 99 sqm £3,709 7

Search for your street here.

## New build activity

Street Avg size Avg £sqm New build sales
Radcliffe Way, Great Leighs, CM3 1F 111 sqm £4,536 27

Radcliffe Way, Great Leighs, CM3 1F has seen 27 new build sales in the last 4 years (average price £496,857). These new build homes typically have an internal area of 111 sqm, with an average price of £4,536 sqm. This £sqm average is £96 above the average for CM3 1. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of Great Leighs 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 sqm £/sqm
Rest Harrow, Church Lane, Great Leighs, South Woodham Ferrers £330,000
Jun-2024
72 4,583
10, School Lane, Great Leighs, South Woodham Ferrers £400,000
May-2024
105 3,809
Cedars, Lucks Lane, Great Leighs, South Woodham Ferrers £720,000
Apr-2024
140 5,142