Feb 07, 2023 by HM

# House prices in St Osyth (CO16 8)

This article reveals price per square metre data and various charts to help you understand current housing market in St Osyth (CO16 8).

## Defining 'CO16 8'

This analysis is limited to properties whose postcode starts with "CO16 8", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

## Price per square metre

Knowing the average house price in St Osyth 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. 7, Cottage Walk, St Osyth, Clacton-On-Sea, sold for £217,000 on Feb-2024. Given the internal area of 64 square metres, the price per sqm is £3,390.

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. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 317 sales in St Osyth (CO16 8) that took place in the last two years.

##### Distribution of £ per sqm for St Osyth (CO16 8)
Distribution of £ per sqm house prices in St Osyth

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 St Osyth (CO16 8). Of the 317 transactions, half were sold for between £2,810 and £3,810 per square metre. The median, or 'middle', price per square metre in 'CO16 8' is £3,290. Notably, only 25% of properties that sold recently were valued at more than £3,810m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for St Osyth

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 St Osyth. 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 St Osyth

## Comparison with neighbouring postcode sectors

The table below shows how 'CO16 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CO16 8 St Osyth £2,810m2 £3,290m2 £3,810m2
CO16 0 Thorpe Le Soken £3,190m2 £3,620m2 £4,480m2
CO16 7 Clacton-On-Sea £3,060m2 £3,560m2 £4,230m2
CO16 9 Little Clacton £3,000m2 £3,590m2 £4,430m2

## Will St Osyth 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 CO16 8 (St Osyth). 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 CO16 8 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in St Osyth (CO16 8) over time
House price trends for St Osyth

Hover on any blue dot to see details of specific sales

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

## Street level data

Street Avg size Avg £/m2 Recent sales
Point Clear Road, St Osyth, CO16 8J 123m2 £3,180 36
St Johns Road, St Osyth, CO16 8D 101m2 £3,089 28
Dumont Avenue, St Osyth, CO16 8J 128m2 £2,787 23
Cross Road, St Osyth, CO16 8G 79m2 £3,140 22
Clacton Road, St Osyth, CO16 8P 96m2 £3,091 17
Jaywick Lane, St Osyth, CO16 8B 107m2 £2,844 17
Constable Avenue, St Osyth, CO16 8X 76m2 £2,721 17

## New build activity

Street Avg size Avg £/m2 New build sales
West Field Lane, St Osyth, CO16 8G 101m2 £3,424 19
Blue House Gardens, St Osyth, CO16 8G 97m2 £3,362 9

West Field Lane, St Osyth, CO16 8G has seen 19 new build sales in the last 4 years (average price £369,458). These new build homes typically have an internal area of 101 m2, with an average price of £3,424 m2. This £sqm average is £134 above the average for CO16 8. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of St Osyth 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.