Feb 07, 2023 by HM

House prices in Kirby Cross (CO13 0)

This article reveals price per square metre data and various charts to help you understand current housing market in Kirby Cross (CO13 0).


Price per square metre

Knowing the average house price in Kirby Cross 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. 5, Kirkbaye, Kirby Cross, sold for £472,000 on Sep-2023. Given the internal area of 120 square metres, the price per sqm is £3,933.

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 254 sales in Kirby Cross (CO13 0) that took place in the last two years.

Distribution of £ per sqm for Kirby Cross (CO13 0)
Distribution of £ per sqm house prices in Kirby Cross

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 Kirby Cross (CO13 0). Of the 254 transactions, half were sold for between £3,340 and £4,600 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,600m2. 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 'CO13 0' is £3,890. The table below shows how 'CO13 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CO13 0 Kirby Cross £3,340m2 £3,890m2 £4,600m2
CO13 9 Frinton-On-Sea £3,190m2 £3,840m2 £4,740m2

Will Kirby Cross 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 CO13 0 (Kirby Cross). 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 CO13 0 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Kirby Cross (CO13 0) over time
House price trends for Kirby Cross

Hover on any blue dot to see details of specific sales

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

Price map for Kirby Cross

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 Kirby Cross. 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.

Property price heatmap for Kirby Cross
House price heatmap for Kirby Cross

Street level data

Street Avg size Avg £/m2 Recent sales
Thorpe Road, Kirby Cross, CO13 0N 118m2 £2,971 22
Frinton Road, Kirby Cross, CO13 0L 97m2 £3,243 19
Walden Way, Kirby Cross, CO13 0B 65m2 £4,446 18
Walton Road, Kirby Cross, CO13 0D 134m2 £3,351 16
Chartfield Drive, Kirby Cross, CO13 0D 179m2 £3,275 15
Sycamore Way, Kirby Cross, CO13 0Q 72m2 £3,916 14
Frinton Road, Kirby Cross, CO13 0P 108m2 £3,594 14
Stallards Crescent, Kirby Cross, CO13 0T 74m2 £4,918 14

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Barley Road, Kirby Cross, CO13 0F 106m2 £2,768 10

Barley Road, Kirby Cross, CO13 0F has seen 10 new build sales in the last 4 years (average price £301,091). These new build homes typically have an internal area of 106 m2, with an average price of £2,768 m2. This £sqm average is £-1122 below the average for CO13 0. New builds typically command a £ per sqm premium. In the case of Barley Road 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 Kirby Cross 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
5, Kirkbaye, Kirby Cross £472,000
Sep-2023
120 3,933
36, Edenside, Kirby Cross £220,000
Sep-2023
46 4,782
26, Main Rd, Kirby Cross £470,000
Sep-2023
145 3,241

See the entire list of all sales in Kirby Cross (CO13 0) 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.