# House prices in CO11 2 (Lawford)

## Defining 'CO11 2'

This analysis is limited to properties whose postcode starts with "CO11 2", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Lawford.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## 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. Goose Cottage, Colchester Road, Lawford, sold for £747,500 on Feb-2024. Given the internal area of 248 square metres, the price per sqm is £3,014.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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 163 sales in Lawford (CO11 2) that took place in the last two years.

##### Distribution of £ per sqm for Lawford
Distribution of £ per sqm house prices in Lawford

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 Lawford (CO11 2). Of the 163 transactions, half were sold for between £3,520 and £4,530 per square metre. The median, or 'middle', price per square metre in 'CO11 2' is £3,970. Notably, only 25% of properties that sold recently were valued at more than £4,530 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Lawford

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 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.

House price heatmap for Lawford

## Comparison with neighbouring postcode sectors

The table below shows how 'CO11 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CO11 2 Lawford £3,520 sqm £3,970 sqm £4,530 sqm
CO11 1 Brantham £3,170 sqm £3,700 sqm £4,250 sqm

## 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 chart below for CO11 2 (Lawford) compared with both the wider area CO11 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Lawford,Lawford
House price trends for Lawford

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CO11 2 sales
Recent trends for Lawford

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Lawford to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Colchester Road, Lawford, CO11 2B 90 sqm £3,513 23
Dorset Square, Lawford, CO11 2D 68 sqm £4,007 13
Nash Close, Lawford, CO11 2L 50 sqm £3,916 12
Heath Road, Lawford, CO11 2X 123 sqm £3,858 11
Long Road, Lawford, CO11 2H 122 sqm £3,727 10
Lawford Place, Lawford, CO11 2P 156 sqm £3,432 10
Wignall Street, Lawford, CO11 2J 98 sqm £3,563 9
Cotman Avenue, Lawford, CO11 2L 65 sqm £3,976 9

## New build activity

Street Avg size Avg £sqm New build sales
The Avenue, Lawford, CO11 2F 107 sqm £3,644 21
Forrester Road, Lawford, CO11 2F 81 sqm £3,772 11
Tavistock Place, Lawford, CO11 2F 177 sqm £3,260 10

The Avenue, Lawford, CO11 2F has seen 21 new build sales in the last 4 years (average price £395,695). These new build homes typically have an internal area of 107 sqm, with an average price of £3,644 sqm. This £sqm average is £-326 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.