Feb 07, 2023 by HM

House prices in Lawford (CO11 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Lawford (CO11 2).

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Price per square metre

Knowing the average house price in Lawford 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. 1 Park Cottage, The Park, Lawford, sold for £240,000 on Sep-2023. Given the internal area of 66 square metres, the price per sqm is £3,636.

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 185 sales in Lawford (CO11 2) 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 Lawford (CO11 2). Of the 185 transactions, half were sold for between £3,530 and £4,550 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,550m². 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 'CO11 2' is £4,000. The table below shows how 'CO11 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CO11 2 Lawford	£3,530m2	£4,000m2	£4,550m2
CO11 1 Brantham	£3,130m2	£3,650m2	£4,150m2

Will Lawford 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 CO11 2 (Lawford). 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 CO11 2 and the blue dots are the individual property sales that inform this trend.

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

Price map for Lawford

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 Lawford. 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 Lawford

Street level data

Street	Avg size	Avg £/m2	Recent sales
Colchester Road, Lawford, CO11 2B	90m2	£3,472	24
Dorset Square, Lawford, CO11 2D	68m2	£3,986	14
Nash Close, Lawford, CO11 2L	50m2	£3,916	12
Heath Road, Lawford, CO11 2X	118m2	£3,968	10
Lawford Place, Lawford, CO11 2P	157m2	£3,254	10
Clacton Road, Lawford, CO11 2N	125m2	£3,296	9
Bradfield Road, Lawford, CO11 2S	132m2	£3,629	9
Trinity Road, Lawford, CO11 2H	65m2	£3,774	9

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
The Avenue, Lawford, CO11 2F	107m2	£3,546	36
Forrester Road, Lawford, CO11 2F	81m2	£3,725	26
Tavistock Place, Lawford, CO11 2F	177m2	£3,260	10

The Avenue, Lawford, CO11 2F has seen 36 new build sales in the last 4 years (average price £380,485). These new build homes typically have an internal area of 107 m2, with an average price of £3,546 m2. This £sqm average is £-454 below the average for CO11 2. New builds typically command a £ per sqm premium. In the case of The Avenue the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Lawford 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
1 Park Cottage, The Park, Lawford	£240,000 Sep-2023	66	3,636
101, Colchester Rd, Lawford	£370,000 Sep-2023	90	4,111
3, Parrington Way, Lawford	£490,000 Aug-2023	131	3,740

See the entire list of all sales in Lawford (CO11 2) here.