Feb 07, 2023 by HM

House prices in Great Cornard (CO10 0)

This article reveals price per square metre data and various charts to help you understand current housing market in Great Cornard (CO10 0).

---

Price per square metre

Knowing the average house price in Great Cornard 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. La Maria, Newmans Green, Great Cornard, sold for £550,000 on Oct-2023. Given the internal area of 104 square metres, the price per sqm is £5,288.

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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 282 sales in Great Cornard (CO10 0) 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 Great Cornard (CO10 0). Of the 282 transactions, half were sold for between £2,970 and £4,070 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,070m². 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 'CO10 0' is £3,600. The table below shows how 'CO10 0' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CO10 1 Sudbury	£2,890m2	£3,370m2	£3,790m2
CO10 5 Boxford	£3,370m2	£3,810m2	£4,290m2
CO10 7 Glemsford	£3,220m2	£3,640m2	£4,180m2
CO10 9 Long Melford	£3,340m2	£3,820m2	£4,370m2
CO10 0 Great Cornard	£2,970m2	£3,600m2	£4,070m2
CO10 2 Sudbury	£3,020m2	£3,470m2	£3,880m2
CO10 8 Clare	£3,390m2	£3,830m2	£4,220m2

Will Great Cornard 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 CO10 0 (Great Cornard). 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 CO10 0 and the blue dots are the individual property sales that inform this trend.

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

Price map for Great Cornard

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 Great Cornard. 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 Great Cornard

Street level data

Street	Avg size	Avg £/m2	Recent sales
Pot Kiln Road, Great Cornard, CO10 0D	93m2	£3,617	20
Bures Road, Great Cornard, CO10 0J	129m2	£3,167	19
Grantham Avenue, Great Cornard, CO10 0Z	78m2	£3,495	19
Lambert Drive, Great Cornard, CO10 0B	84m2	£3,241	15
Overing Avenue, Great Cornard, CO10 0R	100m2	£3,040	14
Jacobs Close, Great Cornard, CO10 0H	65m2	£2,990	13
Mallard Way, Great Cornard, CO10 0Y	60m2	£3,142	13
Mulberry Gardens, Great Cornard, CO10 0F	81m2	£3,638	12

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Grace Farrant Road, Great Cornard, CO10 0E	76m2	£3,746	9
Wakelin Close, Great Cornard, CO10 0F	100m2	£3,155	12
Marshall Drive, Great Cornard, CO10 0D	96m2	£3,241	9

Grace Farrant Road, Great Cornard, CO10 0E has seen 9 new build sales in the last 4 years (average price £297,083). These new build homes typically have an internal area of 76 m2, with an average price of £3,746 m2. This £sqm average is £146 above the average for CO10 0. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Great Cornard 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
La Maria, Newmans Green, Great Cornard	£550,000 Oct-2023	104	5,288
67, Mulberry Gardens, Great Cornard	£263,000 Sep-2023	59	4,457
21, Stannard Way, Great Cornard	£150,000 Sep-2023	51	2,941

See the entire list of all sales in Great Cornard (CO10 0) here.