Feb 07, 2023 by HM

House prices in South Woodham Ferrers (CM3 7)

This article reveals price per square metre data and various charts to help you understand current housing market in South Woodham Ferrers (CM3 7).

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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. 51, Ormesby Chine, South Woodham Ferrers, sold for £310,000 on Aug-2023. Given the internal area of 57 square metres, the price per sqm is £5,438.

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. £4,900-£5,000, £5,000-£5,100, £5,100-£5,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 27 sales in South Woodham Ferrers (CM3 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 South Woodham Ferrers (CM3 7). Of the 27 transactions, half were sold for between £4,170 and £5,420 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,420m². 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 'CM3 7' is £4,760. The table below shows how 'CM3 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CM3 7 South Woodham Ferrers	£4,170m2	£4,760m2	£5,420m2
CM3 5 South Woodham Ferrers	£3,870m2	£4,420m2	£4,990m2
CM3 8 East Hanningfield	£4,080m2	£4,590m2	£5,280m2
CM3 4 Danbury	£4,250m2	£4,910m2	£5,500m2
CM3 1 Great Leighs	£3,670m2	£4,490m2	£5,300m2
CM3 2 Hatfield Peverel	£3,930m2	£4,490m2	£5,250m2
CM3 3 Boreham	£4,170m2	£4,730m2	£5,140m2
CM3 6 Mayland	£3,540m2	£4,160m2	£4,750m2

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 7 (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 7 and the blue dots are the individual property sales that inform this trend.

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.

Price map for South Woodham Ferrers

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 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. I will explain more about the methodology and create a key next week.

House price heatmap for South Woodham Ferrers

Street level data

Street	Avg size	Avg £/m2	Recent sales
Celeborn Street, South Woodham Ferrers, CM3 7A	124m2	£4,117	14
Ormesby Chine, South Woodham Ferrers, CM3 7A	118m2	£4,564	9
Holkham Avenue, South Woodham Ferrers, CM3 7A	60m2	£5,361	8
Gladden Fields, South Woodham Ferrers, CM3 7A	98m2	£4,853	6
Bree Hill, South Woodham Ferrers, CM3 7A	63m2	£4,783	5

Search for your street here.

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.

Address	Paid	m2	£/m2
51, Ormesby Chine, South Woodham Ferrers	£310,000 Aug-2023	57	5,438
24, Holkham Avenue, South Woodham Ferrers	£330,000 Aug-2023	56	5,892
13, Bree Hill, South Woodham Ferrers	£290,000 Jul-2023	56	5,178

See the entire list of all sales in South Woodham Ferrers (CM3 7) here.