Feb 07, 2023 by HM

# House prices in Rayne (CM77 6)

## Defining 'CM77 6'

This analysis is limited to properties whose postcode starts with "CM77 6", 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 Rayne 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. 3, Hance Lane, Rayne, Great Notley, sold for £320,000 on Dec-2023. Given the internal area of 87 square metres, the price per sqm is £3,678.

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. £4,350-£4,500, £4,500-£4,650, £4,650-£4,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 52 sales in Rayne (CM77 6) that took place in the last two years.

##### Distribution of £ per sqm for Rayne (CM77 6)
Distribution of £ per sqm house prices in Rayne

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 Rayne (CM77 6). Of the 52 transactions, half were sold for between £3,740 and £4,500 per square metre. The median, or 'middle', price per square metre in 'CM77 6' is £4,120. Notably, only 25% of properties that sold recently were valued at more than £4,500m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Rayne

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 Rayne. 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 Rayne

## Comparison with neighbouring postcode sectors

The table below shows how 'CM77 6' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM77 6 Rayne £3,740m2 £4,120m2 £4,500m2
CM77 7 Great Notley £3,930m2 £4,380m2 £4,850m2
CM77 8 Black Notley £3,530m2 £4,090m2 £4,660m2

## Will Rayne 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 CM77 6 (Rayne). 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 CM77 6 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Rayne (CM77 6) over time
House price trends for Rayne

Hover on any blue dot to see details of specific sales

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

## Street level data

Street Avg size Avg £/m2 Recent sales
Medley Road, Rayne, CM77 6T 93m2 £3,682 14
Foundry Way, Rayne, CM77 6A 87m2 £3,712 14
Sun Lido Square Gardens, Rayne, CM77 6G 73m2 £4,080 11
Hance Lane, Rayne, CM77 6T 87m2 £3,488 11
Gilda Terrace, Rayne, CM77 6R 76m2 £3,985 10
Shalford Road, Rayne, CM77 6B 103m2 £3,942 9
Elm Walk, Rayne, CM77 6E 95m2 £3,554 9
The Street, Rayne, CM77 6R 93m2 £3,653 8

## Raw data

Our analysis of Rayne 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.