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).

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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. 18, Westgate Street, Long Melford, Great Cornard, sold for £305,000 on Aug-2023. Given the internal area of 51 square metres, the price per sqm is £5,980.

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 153 sales in Long Melford (CO10 9) 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 Long Melford (CO10 9). Of the 153 transactions, half were sold for between £3,330 and £4,340 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,340m². 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 9' is £3,760. The table below shows how 'CO10 9' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CO10 2 Sudbury	£2,980m2	£3,430m2	£3,850m2
CO10 0 Great Cornard	£2,960m2	£3,530m2	£4,040m2
CO10 1 Sudbury	£2,870m2	£3,350m2	£3,760m2
CO10 5 Boxford	£3,210m2	£3,810m2	£4,290m2
CO10 7 Glemsford	£3,140m2	£3,600m2	£4,110m2
CO10 9 Long Melford	£3,330m2	£3,760m2	£4,340m2
CO10 8 Clare	£3,360m2	£3,820m2	£4,210m2

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.

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.

Price map for Long Melford

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 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. I will explain more about the methodology and create a key next week.

House price heatmap for Long Melford

Street level data

Street	Avg size	Avg £/m2	Recent sales
High Street, Long Melford, CO10 9P	90m2	£4,024	17
Orchard Brook, Long Melford, CO10 9L	118m2	£3,653	16
The Malt House, Long Melford, CO10 9T	73m2	£2,320	14
Harefield, Long Melford, CO10 9D	128m2	£3,425	13
Prentice Street, Long Melford, CO10 9R	99m2	£4,112	12
Hall Street, Long Melford, CO10 9J	103m2	£3,476	12
The Drays, Long Melford, CO10 9T	86m2	£2,570	11
Green Willows, Long Melford, CO10 9S	90m2	£3,745	10

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Braithwaite Road, Long Melford, CO10 9F	101m2	£3,837	26
Osier View, Long Melford, CO10 9S	109m2	£3,218	16
Blunden Close, Long Melford, CO10 9L	107m2	£3,300	11

Braithwaite Road, Long Melford, CO10 9F has seen 26 new build sales in the last 4 years (average price £434,201). These new build homes typically have an internal area of 101 m2, with an average price of £3,837 m2. This £sqm average is £77 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
18, Westgate St, Long Melford, Great Cornard	£305,000 Aug-2023	51	5,980
49, Cordell Pl, Long Melford, Great Cornard	£285,000 Aug-2023	88	3,238
Wrights, Hall St, Long Melford, Great Cornard	£655,000 Aug-2023	180	3,638

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