# House prices in CM3 7 (South Woodham Ferrers)

This article reveals price per square metre data and various charts to help you understand current housing market in 'CM3 7' (South Woodham Ferrers) - statistics were last calculated on 31 July 2024.

## Defining 'CM3 7'

This analysis is limited to properties whose postcode starts with "CM3 7", 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 South Woodham Ferrers.

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 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. 18, Bree Hill, South Woodham Ferrers, sold for £310,000 on Dec-2023. Given the internal area of 56 square metres, the price per sqm is £5,535.

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. £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 28 sales in South Woodham Ferrers (CM3 7) that took place in the last two years.

##### Distribution of £ per sqm for South Woodham Ferrers
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 7). Of the 28 transactions, half were sold for between £4,130 and £5,460 per square metre. The median, or 'middle', price per square metre in 'CM3 7' is £4,890. Notably, only 25% of properties that sold recently were valued at more than £5,460 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 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 7' 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 7 (South Woodham Ferrers) 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 South Woodham Ferrers,South Woodham Ferrers
House price trends for South Woodham Ferrers

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 7 sales
Recent trends for South Woodham Ferrers

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
Celeborn Street, South Woodham Ferrers, CM3 7A 123 sqm £4,279 14
Ormesby Chine, South Woodham Ferrers, CM3 7A 120 sqm £4,565 8
Holkham Avenue, South Woodham Ferrers, CM3 7A 60 sqm £5,523 7
Bree Hill, South Woodham Ferrers, CM3 7A 63 sqm £4,944 5
Gladden Fields, South Woodham Ferrers, CM3 7A 98 sqm £4,971 5

## 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.