House prices in CM77 6 (Rayne)

This article reveals price per square foot data and various charts to help you understand current housing market in 'CM77 6' (Rayne, Great Notley) - statistics were last calculated on 30 August 2024.

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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. There are no official names for postcode sectors so I've just labelled it Rayne.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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FYI, a postcode sector is the full postcode without the last two letters.

Price per square foot

Knowing the average house price in Rayne is not much use. However, knowing average price per square foot can be quite useful. Price per sqft allows some comparison between properties of different size. We define price per square foot as the sold price divided by the internal area of a property:

£ per sqft = price ÷ internal area

E.g. 14, Vaughan Close, Rayne, Great Notley, sold for £400,000 on Jul-2024. Given the internal area of 1,076 square feet, the price per sqft is £371.

England & Wales have been officially metric for many decades. Convert this site to square meters.

The chart below is called a histogram, it helps you see the distribution of this house price per sqft data. To make this chart we put the sales data into a series of £ per sqft 'buckets' (e.g. £404-£418, £418-£431, £431-£445 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 51 sales in Rayne (CM77 6) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

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 51 transactions, half were sold for between £343 and £405 per square foot. The median, or 'middle', price per square foot in 'CM77 6' is £367. Notably, only 25% of properties that sold recently were valued at more than £405 sqft. 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, Great Notley

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 Great Notley. 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, Great Notley

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 7 Great Notley	£355 sqft	£409 sqft	£448 sqft
CM77 8 Black Notley	£339 sqft	£388 sqft	£442 sqft
CM77 6 Rayne	£343 sqft	£367 sqft	£405 sqft

Will Great Notley 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 CM77 6 (Rayne) compared with both the wider area CM77 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

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.

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 Great Notley 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 Great Notley 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 £sqft	Recent sales
Medley Road, Rayne, CM77 6T	0 sqft	£342	14
Foundry Way, Rayne, CM77 6A	936 sqft	£362	12
Hance Lane, Rayne, CM77 6T	936 sqft	£324	11
Gilda Terrace, Rayne, CM77 6R	785 sqft	£378	10
Elm Walk, Rayne, CM77 6E	0 sqft	£325	10
Sun Lido Square Gardens, Rayne, CM77 6G	785 sqft	£379	10
Brunwin Road, Rayne, CM77 6B	0 sqft	£320	8
Springfields, Rayne, CM77 6G	807 sqft	£399	7

Search for your street here.

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.

Address	Paid	sqft	£/sqft
14, Vaughan Close, Rayne, Great Notley	£400,000 Jul-2024	1,076	371
87, Springfields, Rayne, Great Notley	£270,000 May-2024	699	385
4, Elm Walk, Rayne, Great Notley	£389,000 May-2024	1,388	280

See the entire list of all sales in Rayne (CM77 6) here.