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 30 June 2024.

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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.

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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. 10, School Lane, Great Leighs, South Woodham Ferrers, sold for £400,000 on May-2024. Given the internal area of 105 square metres, the price per sqm is £3,809.

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 72 sales in Great Leighs (CM3 1) 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.

The spread of prices will give you a feel of the typical range to expect in Great Leighs (CM3 1). Of the 72 transactions, half were sold for between £3,800 and £5,300 per square metre. The median, or 'middle', price per square metre in 'CM3 1' is £4,370. Notably, only 25% of properties that sold recently were valued at more than £5,300 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 3 Boreham	£4,070 sqm	£4,690 sqm	£5,130 sqm
CM3 6 Mayland	£3,560 sqm	£4,160 sqm	£4,800 sqm
CM3 5 South Woodham Ferrers	£3,830 sqm	£4,430 sqm	£4,940 sqm
CM3 4 Danbury	£4,180 sqm	£4,820 sqm	£5,490 sqm
CM3 8 East Hanningfield	£3,550 sqm	£4,460 sqm	£5,240 sqm
CM3 1 Great Leighs	£3,800 sqm	£4,370 sqm	£5,300 sqm
CM3 2 Hatfield Peverel	£4,170 sqm	£4,600 sqm	£5,330 sqm
CM3 7 South Woodham Ferrers	£4,130 sqm	£4,890 sqm	£5,460 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.

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.

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	£3,493	21
Shimbrooks, Great Leighs, CM3 1S	80 sqm	£3,720	13
Main Road, Great Leighs, CM3 1L	129 sqm	£5,089	10
Main Road, Great Leighs, CM3 1N	143 sqm	£4,187	10
Evelyn Road, Great Leighs, CM3 1Q	115 sqm	£4,583	8
Brickbarns, Great Leighs, CM3 1J	136 sqm	£3,740	8
Ray Mead, Great Leighs, CM3 1A	99 sqm	£3,709	7
Old Moors, Great Leighs, CM3 1G	93 sqm	£3,939	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	£4,535	26

Radcliffe Way, Great Leighs, CM3 1F has seen 26 new build sales in the last 4 years (average price £499,704). These new build homes typically have an internal area of 111 sqm, with an average price of £4,535 sqm. This £sqm average is £165 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
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
9, Wolmers Hey, Great Leighs, South Woodham Ferrers	£336,000 Mar-2024	88	3,818

See the entire list of all sales in Great Leighs (CM3 1) here.