Feb 07, 2023 by HM

House prices in Felsted (CM6 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Felsted (CM6 3).

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Price per square metre

Knowing the average house price in Felsted 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. Rose Cottage, Braintree Road, Felsted, Dunmow, sold for £295,000 on Oct-2023. Given the internal area of 41 square metres, the price per sqm is £7,195.

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. £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 142 sales in Felsted (CM6 3) 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 Felsted (CM6 3). Of the 142 transactions, half were sold for between £3,610 and £4,850 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,850m². 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 'CM6 3' is £4,220. The table below shows how 'CM6 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CM6 1 Dunmow	£3,790m2	£4,320m2	£4,900m2
CM6 3 Felsted	£3,610m2	£4,220m2	£4,850m2
CM6 2 Thaxted	£3,950m2	£4,420m2	£4,890m2
CM6 4 Little Canfield	£4,120m2	£4,590m2	£4,730m2

Will Felsted 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 CM6 3 (Felsted). 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 CM6 3 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Felsted 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 Felsted data or any other data I am given.

Price map for Felsted

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 Felsted. 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 Felsted

Street level data

Street	Avg size	Avg £/m2	Recent sales
Baynard Avenue, Felsted, CM6 3F	118m2	£3,454	26
Tyler Avenue, Felsted, CM6 3G	196m2	£3,350	13
Hallett Road, Felsted, CM6 3F	112m2	£3,564	11
Cromwell Road, Felsted, CM6 3G	99m2	£3,769	10
Bran End, Felsted, CM6 3R	180m2	£3,673	10
Fitzwalter Road, Felsted, CM6 3F	139m2	£3,275	8
Canon Road, Felsted, CM6 3G	100m2	£3,698	8
Ranulf Road, Felsted, CM6 3F	107m2	£4,070	8

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Ploughmans Way, Felsted, CM6 3X	165m2	£3,928	9

Ploughmans Way, Felsted, CM6 3X has seen 9 new build sales in the last 4 years (average price £686,577). These new build homes typically have an internal area of 165 m2, with an average price of £3,928 m2. This £sqm average is £-292 below the average for CM6 3. New builds typically command a £ per sqm premium. In the case of Ploughmans Way 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 Felsted 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
Rose Cottage, Braintree Rd, Felsted, Dunmow	£295,000 Oct-2023	41	7,195
Old Post House, Chelmsford Rd, Felsted, Dunmow	£505,000 Sep-2023	157	3,216
5, Alderton Close, Felsted, Dunmow	£670,000 Aug-2023	160	4,187

See the entire list of all sales in Felsted (CM6 3) here.