House prices in CM77 7 (Great Notley)
This article reveals price per square metre data and various charts to help you understand current housing market in 'CM77 7' (Great Notley) - statistics were last calculated on 30 August 2024.
Defining 'CM77 7'
This analysis is limited to properties whose postcode starts with "CM77 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 Great Notley.
You can click on the map to change 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 Great Notley 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 areaE.g. 63, Ragley Close, Great Notley, sold for £270,000 on Jun-2024. Given the internal area of 64 square metres, the price per sqm is £4,218.
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. £4,800-£5,000, £5,000-£5,200, £5,200-£5,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 127 sales in Great Notley (CM77 7) that took place in the last two years.
Distribution of £ per sqm for Great Notley
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 Great Notley (CM77 7). Of the 127 transactions, half were sold for between £3,830 and £4,830 per square metre. The median, or 'middle', price per square metre in 'CM77 7' is £4,410. Notably, only 25% of properties that sold recently were valued at more than £4,830 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 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 Great Notley
Comparison with neighbouring postcode sectors
The table below shows how 'CM77 7' compares to neighbouring postcode sectors.
Postcode sector | Lower quartile | Middle quartile | Upper quartile |
---|---|---|---|
CM77 7 Great Notley | £3,830 sqm | £4,410 sqm | £4,830 sqm |
CM77 8 Black Notley | £3,650 sqm | £4,180 sqm | £4,760 sqm |
CM77 6 Rayne | £3,700 sqm | £3,960 sqm | £4,370 sqm |
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 7 (Great Notley) 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.
Historic price per square metre in Great Notley,Great Notley
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.
Most recent CM77 7 sales
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 £sqm | Recent sales |
---|---|---|---|
Skiddaw Close, Great Notley, CM77 7U | 77 sqm | £4,403 | 21 |
Pochard Way, Great Notley, CM77 7W | 81 sqm | £4,450 | 17 |
Stanstrete Field, Great Notley, CM77 7P | 65 sqm | £4,345 | 15 |
Hidcote Way, Great Notley, CM77 7X | 86 sqm | £4,462 | 14 |
Chestnut Avenue, Great Notley, CM77 7Y | 130 sqm | £3,285 | 11 |
Derwent Way, Great Notley, CM77 7U | 81 sqm | £4,366 | 11 |
Greenway Gardens, Great Notley, CM77 7Q | 71 sqm | £5,654 | 9 |
Grantham Avenue, Great Notley, CM77 7F | 129 sqm | £3,510 | 9 |
Search for your street here.
Raw data
Our analysis of Great Notley 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 | sqm | £/sqm |
---|---|---|---|
63, Ragley Close, Great Notley | £270,000
Jun-2024
|
64 | 4,218 |
11, Crummock Close, Great Notley | £455,500
Jun-2024
|
100 | 4,555 |
53, Cuckoo Way, Great Notley | £800,000
May-2024
|
216 | 3,703 |
See the entire list of all sales in Great Notley (CM77 7) here.
About
I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.