Feb 07, 2023 by HM

House prices in Layer De La Haye (CO2 0)

This article reveals price per square metre data and various charts to help you understand current housing market in Layer De La Haye (CO2 0).


Defining 'CO2 0'

This analysis is limited to properties whose postcode starts with "CO2 0", 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 Layer De La Haye 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. 8 Prunus Court, Holt Drive, Layer De La Haye, Colchester, sold for £300,000 on Dec-2023. Given the internal area of 67 square metres, the price per sqm is £4,477.

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. £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 76 sales in Layer De La Haye (CO2 0) that took place in the last two years.

Distribution of £ per sqm for Layer De La Haye (CO2 0)
Distribution of £ per sqm house prices in Layer De La Haye

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 Layer De La Haye (CO2 0). Of the 76 transactions, half were sold for between £3,530 and £4,480 per square metre. The median, or 'middle', price per square metre in 'CO2 0' is £3,880. Notably, only 25% of properties that sold recently were valued at more than £4,480m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Layer De La Haye

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 Layer De La Haye. 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.

Property price heatmap for Layer De La Haye
House price heatmap for Layer De La Haye

Comparison with neighbouring postcode sectors

The table below shows how 'CO2 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CO2 7 Colchester £3,040m2 £3,430m2 £3,870m2
CO2 0 Layer De La Haye £3,530m2 £3,880m2 £4,480m2
CO2 9 Colchester £2,970m2 £3,370m2 £3,890m2
CO2 8 Colchester £2,830m2 £3,300m2 £3,900m2

Will Layer De La Haye 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 CO2 0 (Layer De La Haye). 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 CO2 0 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Layer De La Haye (CO2 0) over time
House price trends for Layer De La Haye

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Layer De La Haye 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 Layer De La Haye data or any other data I am given.

Street level data

Street Avg size Avg £/m2 Recent sales
Holt Drive, Layer De La Haye, CO2 0B 87m2 £2,901 12
Blackheath, Layer De La Haye, CO2 0A 109m2 £3,351 10
Ash Grove, Layer De La Haye, CO2 0A 93m2 £3,121 10
Mill Lane, Layer De La Haye, CO2 0N 151m2 £3,455 9
New Cut, Layer De La Haye, CO2 0E 104m2 £3,904 9
Layer Road, Layer De La Haye, CO2 0H 192m2 £4,921 9
Old Forge Road, Layer De La Haye, CO2 0J 102m2 £3,744 8
Abberton Road, Layer De La Haye, CO2 0J 167m2 £4,113 8

Search for your street here.

Raw data

Our analysis of Layer De La Haye 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
8 Prunus Court, Holt Drive, Layer De La Haye, Colchester £300,000
Dec-2023
67 4,477
Torena, Mersea Rd, Layer De La Haye, Colchester £495,000
Dec-2023
146 3,390
82, Finchingfield Way, Layer De La Haye, Colchester £284,000
Dec-2023
73 3,890

See the entire list of all sales in Layer De La Haye (CO2 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.