Feb 07, 2023 by HM

House prices in Maldon (CM9 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Maldon (CM9 5).

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Price per square metre

Knowing the average house price in Maldon 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. 32, Wantz Haven, Maldon, Heybridge, sold for £170,000 on Sep-2023. Given the internal area of 45 square metres, the price per sqm is £3,777.

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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 145 sales in Maldon (CM9 5) 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 Maldon (CM9 5). Of the 145 transactions, half were sold for between £3,140 and £4,750 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,750m². 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 'CM9 5' is £4,110. The table below shows how 'CM9 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CM9 6 Maldon	£3,910m2	£4,510m2	£5,060m2
CM9 4 Heybridge	£3,720m2	£4,440m2	£4,840m2
CM9 8 Tollesbury	£3,420m2	£3,940m2	£4,500m2
CM9 5 Maldon	£3,140m2	£4,110m2	£4,750m2

Will Maldon 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 CM9 5 (Maldon). 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 CM9 5 and the blue dots are the individual property sales that inform this trend.

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

Price map for Maldon

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 Maldon. 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 Maldon

Street level data

Street	Avg size	Avg £/m2	Recent sales
Wantz Road, Maldon, CM9 5D	71m2	£3,790	44
Baker Mews, Maldon, CM9 5A	48m2	£2,804	16
Wantz Haven, Maldon, CM9 5H	57m2	£3,179	16
Mill Road, Maldon, CM9 5H	66m2	£4,102	14
King Street, Maldon, CM9 5D	70m2	£4,539	14
Gate Street Mews, Maldon, CM9 5E	68m2	£4,352	12
Victoria Road, Maldon, CM9 5H	101m2	£3,887	12
High Street, Maldon, CM9 5E	51m2	£3,684	11

Search for your street here.

Raw data

Our analysis of Maldon 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
32, Wantz Haven, Maldon, Heybridge	£170,000 Sep-2023	45	3,777
194, Wantz Rd, Maldon, Heybridge	£250,000 Aug-2023	58	4,310
9, Old Mill Close, Maldon, Heybridge	£130,000 Aug-2023	44	2,954

See the entire list of all sales in Maldon (CM9 5) here.