Feb 07, 2023 by HM

# House prices in South Woodham Ferrers (CM3 5)

This article reveals price per square metre data and various charts to help you understand current housing market in South Woodham Ferrers (CM3 5).

## Defining 'CM3 5'

This analysis is limited to properties whose postcode starts with "CM3 5", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

## Price per square metre

Knowing the average house price in South Woodham Ferrers 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. 21, Melville Heath, South Woodham Ferrers, sold for £151,000 on Feb-2024. Given the internal area of 41 square metres, the price per sqm is £3,682.

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. £4,800-£5,000, £5,000-£5,200, £5,200-£5,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 345 sales in South Woodham Ferrers (CM3 5) that took place in the last two years.

##### Distribution of £ per sqm for South Woodham Ferrers (CM3 5)
Distribution of £ per sqm house prices in South Woodham Ferrers

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 South Woodham Ferrers (CM3 5). Of the 345 transactions, half were sold for between £3,840 and £4,980 per square metre. The median, or 'middle', price per square metre in 'CM3 5' is £4,440. Notably, only 25% of properties that sold recently were valued at more than £4,980m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for 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 South Woodham Ferrers

## Comparison with neighbouring postcode sectors

The table below shows how 'CM3 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM3 2 Hatfield Peverel £4,170m2 £4,510m2 £5,330m2
CM3 4 Danbury £4,150m2 £4,830m2 £5,490m2
CM3 7 South Woodham Ferrers £4,140m2 £4,840m2 £5,450m2
CM3 8 East Hanningfield £3,680m2 £4,590m2 £5,280m2
CM3 5 South Woodham Ferrers £3,840m2 £4,440m2 £4,980m2
CM3 3 Boreham £4,150m2 £4,730m2 £5,150m2
CM3 6 Mayland £3,570m2 £4,170m2 £4,730m2
CM3 1 Great Leighs £3,840m2 £4,500m2 £5,410m2

## 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 scatter plot below for CM3 5 (South Woodham Ferrers). 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 CM3 5 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in South Woodham Ferrers (CM3 5) over time
House price trends for South Woodham Ferrers

Hover on any blue dot to see details of specific sales

Disclaimer: 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. 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 South Woodham Ferrers data or any other data I am given.

## Street level data

Street Avg size Avg £/m2 Recent sales
Tylers Ride, South Woodham Ferrers, CM3 5Z 54m2 £3,373 30
Gandalfs Ride, South Woodham Ferrers, CM3 5W 69m2 £4,186 27
Littlecroft, South Woodham Ferrers, CM3 5G 67m2 £3,843 23
Tallow Gate, South Woodham Ferrers, CM3 5R 51m2 £3,845 22
East Bridge Road, South Woodham Ferrers, CM3 5S 75m2 £4,331 22
Melville Heath, South Woodham Ferrers, CM3 5F 47m2 £4,089 20
Collingwood Road, South Woodham Ferrers, CM3 5Y 61m2 £4,792 19
Hamberts Road, South Woodham Ferrers, CM3 5T 96m2 £4,205 18

## Raw data

Our analysis of South Woodham Ferrers 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.

21, Melville Heath, South Woodham Ferrers £151,000
Feb-2024
41 3,682
29, Green Lane, South Woodham Ferrers £450,000
Feb-2024
141 3,191
19, Bandhills Close, South Woodham Ferrers £350,000
Feb-2024
78 4,487