# House prices in CO16 0 (Thorpe Le Soken)

This article reveals price per square metre data and various charts to help you understand current housing market in Thorpe Le Soken, Clacton-On-Sea (CO16 0).

## Defining 'CO16 0'

This analysis is limited to properties whose postcode starts with "CO16 0", 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 Thorpe Le Soken.

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 Thorpe Le Soken 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. 6a, Pilcox Hall Lane, Thorpe Le Soken, Clacton-On-Sea, sold for £335,000 on Apr-2024. Given the internal area of 101 square metres, the price per sqm is £3,316.

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 64 sales in Thorpe Le Soken (CO16 0) that took place in the last two years.

##### Distribution of £ per sqm for Thorpe Le Soken, Clacton-On-Sea
Distribution of £ per sqm house prices in Thorpe Le Soken

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 Thorpe Le Soken (CO16 0). Of the 64 transactions, half were sold for between £3,190 and £4,410 per square metre. The median, or 'middle', price per square metre in 'CO16 0' is £3,670. Notably, only 25% of properties that sold recently were valued at more than £4,410 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 Thorpe Le Soken, Clacton-On-Sea

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 Clacton-On-Sea. 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 Thorpe Le Soken, Clacton-On-Sea

## Comparison with neighbouring postcode sectors

The table below shows how 'CO16 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CO16 0 Thorpe Le Soken £3,190 sqm £3,670 sqm £4,410 sqm
CO16 7 Clacton-On-Sea £3,000 sqm £3,490 sqm £4,130 sqm
CO16 9 Little Clacton £3,000 sqm £3,590 sqm £4,290 sqm
CO16 8 St Osyth £2,780 sqm £3,260 sqm £3,820 sqm

## Will Clacton-On-Sea 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 CO16 0 (Thorpe Le Soken) compared with both the wider area CO16 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 Thorpe Le Soken,Clacton-On-Sea
House price trends for Thorpe Le Soken

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 CO16 0 sales
Recent trends for Thorpe Le Soken

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 Clacton-On-Sea 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 Clacton-On-Sea 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
High Street, Thorpe Le Soken, CO16 0E 91 sqm £3,178 14
The Street, Thorpe Le Soken, CO16 0B 148 sqm £3,755 11
High Street, Thorpe Le Soken, CO16 0D 90 sqm £3,042 9
Ellis Road, Thorpe Le Soken, CO16 0D 86 sqm £3,517 9
Station Road, Thorpe Le Soken, CO16 0H 103 sqm £3,139 8
Landermere Road, Thorpe Le Soken, CO16 0L 117 sqm £3,578 8
Digby Way, Thorpe Le Soken, CO16 0D 99 sqm £3,362 8
Oak Close, Thorpe Le Soken, CO16 0H 113 sqm £3,109 7

## Raw data

Our analysis of Thorpe Le Soken 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.