Feb 07, 2023 by HM

House prices in Long Melford (CO10 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Long Melford (CO10 9).


Defining 'CO10 9'

This analysis is limited to properties whose postcode starts with "CO10 9", 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 Long Melford 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. 21, Harwood Place, Long Melford, Great Cornard, sold for £271,000 on Jan-2024. Given the internal area of 84 square metres, the price per sqm is £3,226.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 151 sales in Long Melford (CO10 9) that took place in the last two years.

Distribution of £ per sqm for Long Melford (CO10 9)
Distribution of £ per sqm house prices in Long Melford

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 Long Melford (CO10 9). Of the 151 transactions, half were sold for between £3,370 and £4,390 per square metre. The median, or 'middle', price per square metre in 'CO10 9' is £3,900. Notably, only 25% of properties that sold recently were valued at more than £4,390m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Long Melford

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 Long Melford. 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.

Property price heatmap for Long Melford
House price heatmap for Long Melford

Comparison with neighbouring postcode sectors

The table below shows how 'CO10 9' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CO10 1 Sudbury £2,920m2 £3,390m2 £3,830m2
CO10 5 Boxford £3,340m2 £3,720m2 £4,170m2
CO10 9 Long Melford £3,370m2 £3,900m2 £4,390m2
CO10 2 Sudbury £3,020m2 £3,450m2 £3,840m2
CO10 8 Clare £3,430m2 £3,880m2 £4,300m2
CO10 7 Glemsford £3,150m2 £3,570m2 £4,130m2
CO10 0 Great Cornard £2,980m2 £3,600m2 £4,080m2

Will Long Melford 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 9 (Long Melford). 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 9 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Long Melford (CO10 9) over time
House price trends for Long Melford

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
High Street, Long Melford, CO10 9P 90m2 £4,018 16
Harefield, Long Melford, CO10 9D 128m2 £3,463 14
Orchard Brook, Long Melford, CO10 9L 116m2 £3,600 13
The Malt House, Long Melford, CO10 9T 73m2 £2,333 13
Hall Street, Long Melford, CO10 9J 104m2 £3,470 12
Prentice Street, Long Melford, CO10 9R 99m2 £4,152 11
Westgate Street, Long Melford, CO10 9D 85m2 £3,385 10
Blunden Close, Long Melford, CO10 9L 108m2 £3,280 10

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Braithwaite Road, Long Melford, CO10 9F 101m2 £3,937 16
Osier View, Long Melford, CO10 9S 109m2 £3,250 15

Braithwaite Road, Long Melford, CO10 9F has seen 16 new build sales in the last 4 years (average price £386,824). These new build homes typically have an internal area of 101 m2, with an average price of £3,937 m2. This £sqm average is £37 above the average for CO10 9. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Long Melford 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
21, Harwood Pl, Long Melford, Great Cornard £271,000
Jan-2024
84 3,226
56, Harefield, Long Melford, Great Cornard £360,000
Jan-2024
121 2,975
Laneham Yard, Church St, Long Melford, Great Cornard £425,000
Jan-2024
63 6,746

See the entire list of all sales in Long Melford (CO10 9) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.