Feb 07, 2023 by HM

House prices in Silver End (CM8 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Silver End (CM8 3).

Defining 'CM8 3'

This analysis is limited to properties whose postcode starts with "CM8 3", 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 Silver End 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. 2a, Arbour Lane, Silver End, Witham, sold for £322,500 on Jan-2024. Given the internal area of 48 square metres, the price per sqm is £6,718.

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. £4,800-£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 141 sales in Silver End (CM8 3) that took place in the last two years.

Distribution of £ per sqm for Silver End (CM8 3)
Distribution of £ per sqm house prices in Silver End

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 Silver End (CM8 3). Of the 141 transactions, half were sold for between £3,750 and £4,740 per square metre. The median, or 'middle', price per square metre in 'CM8 3' is £4,150. Notably, only 25% of properties that sold recently were valued at more than £4,740m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Silver End

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 Silver End. 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 Silver End

Comparison with neighbouring postcode sectors

The table below shows how 'CM8 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM8 3 Silver End £3,750m2 £4,150m2 £4,740m2
CM8 2 Witham £3,380m2 £3,890m2 £4,470m2
CM8 1 Witham £3,340m2 £3,810m2 £4,390m2

Will Silver End 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 CM8 3 (Silver End). 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 CM8 3 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Silver End (CM8 3) over time
House price trends for Silver End

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Wood Grove, Silver End, CM8 3F 69m2 £3,406 22
Broadway, Silver End, CM8 3X 57m2 £4,268 15
Daniel Way, Silver End, CM8 3S 84m2 £3,445 14
Francis Way, Silver End, CM8 3Q 86m2 £3,752 14
Wellands, Silver End, CM8 3N 150m2 £4,790 14
Western Road, Silver End, CM8 3S 80m2 £3,885 10
Church Green, Silver End, CM8 3J 106m2 £3,834 9
Valentine Way, Silver End, CM8 3R 68m2 £3,752 9

Raw data

Our analysis of Silver End 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.