# House prices in CO12 3 (Harwich)

## Defining 'CO12 3'

This analysis is limited to properties whose postcode starts with "CO12 3", 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 Harwich.

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 Harwich 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. 27, Fernlea Road, Harwich, sold for £170,000 on Mar-2024. Given the internal area of 94 square metres, the price per sqm is £1,808.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 196 sales in Harwich (CO12 3) that took place in the last two years.

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

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 Harwich (CO12 3). Of the 196 transactions, half were sold for between £1,970 and £3,120 per square metre. The median, or 'middle', price per square metre in 'CO12 3' is £2,470. Notably, only 25% of properties that sold recently were valued at more than £3,120 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 Harwich

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 Harwich. 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 Harwich

## Comparison with neighbouring postcode sectors

The table below shows how 'CO12 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CO12 4 Harwich £2,460 sqm £2,980 sqm £3,380 sqm
CO12 5 Ramsey £2,840 sqm £3,310 sqm £3,970 sqm
CO12 3 Harwich £1,970 sqm £2,470 sqm £3,120 sqm

## Will Harwich 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 CO12 3 (Harwich) compared with both the wider area CO12 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 Harwich,Harwich
House price trends for Harwich

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 CO12 3 sales
Recent trends for Harwich

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 Harwich 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 Harwich 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
Heron Way, Harwich, CO12 3F 78 sqm £2,534 24
Fronks Road, Harwich, CO12 3R 144 sqm £2,455 19
Main Road, Harwich, CO12 3L 78 sqm £2,225 18
Cliff Road, Harwich, CO12 3P 96 sqm £1,954 13
Lee Road, Harwich, CO12 3S 94 sqm £2,028 12
Low Road, Harwich, CO12 3T 88 sqm £3,000 11
West Street, Harwich, CO12 3D 90 sqm £2,068 10
Maria Street, Harwich, CO12 3H 104 sqm £1,404 10

## New build activity

Street Avg size Avg £sqm New build sales
Main Road, Harwich, CO12 3F 55 sqm £2,989 19

Main Road, Harwich, CO12 3F has seen 19 new build sales in the last 4 years (average price £173,076). These new build homes typically have an internal area of 55 sqm, with an average price of £2,989 sqm. This £sqm average is £519 above the average for CO12 3. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of Harwich 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.