House prices in CM3 3 (Boreham)

This article reveals price per square metre data and various charts to help you understand current housing market in Boreham, South Woodham Ferrers (CM3 3).


Defining 'CM3 3'

This analysis is limited to properties whose postcode starts with "CM3 3", 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 Boreham.

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 Boreham 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. 14, Dudley Close, Boreham, South Woodham Ferrers, sold for £320,000 on Feb-2024. Given the internal area of 60 square metres, the price per sqm is £5,333.

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. £5,250-£5,500, £5,500-£5,750, £5,750-£6,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 113 sales in Boreham (CM3 3) that took place in the last two years.

Distribution of £ per sqm for Boreham, South Woodham Ferrers
Distribution of £ per sqm house prices in Boreham

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 Boreham (CM3 3). Of the 113 transactions, half were sold for between £4,150 and £5,190 per square metre. The median, or 'middle', price per square metre in 'CM3 3' is £4,830. Notably, only 25% of properties that sold recently were valued at more than £5,190 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 Boreham, 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.

Property price heatmap for Boreham
House price heatmap for Boreham, South Woodham Ferrers

Comparison with neighbouring postcode sectors

The table below shows how 'CM3 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM3 5 South Woodham Ferrers £3,810 sqm £4,430 sqm £4,930 sqm
CM3 3 Boreham £4,150 sqm £4,830 sqm £5,190 sqm
CM3 6 Mayland £3,560 sqm £4,160 sqm £4,740 sqm
CM3 1 Great Leighs £3,840 sqm £4,530 sqm £5,530 sqm
CM3 2 Hatfield Peverel £4,120 sqm £4,590 sqm £5,340 sqm
CM3 7 South Woodham Ferrers £4,140 sqm £4,840 sqm £5,450 sqm
CM3 4 Danbury £4,140 sqm £4,820 sqm £5,410 sqm
CM3 8 East Hanningfield £3,620 sqm £4,460 sqm £5,240 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 3 (Boreham) 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 Boreham,South Woodham Ferrers
House price trends for Boreham

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 3 sales
Recent trends for Boreham

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
Fairway Drive, Boreham, CM3 3F 155 sqm £4,087 18
Hurrell Down, Boreham, CM3 3J 47 sqm £5,005 15
Brassie Wood, Boreham, CM3 3F 115 sqm £3,698 13
Boleyn Way, Boreham, CM3 3J 83 sqm £4,216 13
Holmans, Boreham, CM3 3E 67 sqm £5,255 12
Plantation Road, Boreham, CM3 3E 113 sqm £4,425 11
Church Road, Boreham, CM3 3E 77 sqm £4,316 11
Villiers Place, Boreham, CM3 3J 44 sqm £5,024 11

Search for your street here.

New build activity

Street Avg size Avg £sqm New build sales
Belfry Crescent, Boreham, CM3 3G 108 sqm £4,412 9

Belfry Crescent, Boreham, CM3 3G has seen 9 new build sales in the last 4 years (average price £471,677). These new build homes typically have an internal area of 108 sqm, with an average price of £4,412 sqm. This £sqm average is £-418 below the average for CM3 3. New builds typically command a £ per sqm premium. In the case of Belfry Crescent the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Boreham 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
14, Dudley Close, Boreham, South Woodham Ferrers £320,000
Feb-2024
60 5,333
96, Plantation Rd, Boreham, South Woodham Ferrers £429,000
Jan-2024
86 4,988
14, Plantation Rd, Boreham, South Woodham Ferrers £450,000
Jan-2024
57 7,894

See the entire list of all sales in Boreham (CM3 3) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.