# House prices in CO5 7 (Rowhedge)

This article reveals price per square metre data and various charts to help you understand current housing market in Rowhedge, Tiptree (CO5 7).

## Defining 'CO5 7'

This analysis is limited to properties whose postcode starts with "CO5 7", 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 Rowhedge.

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 Rowhedge 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. 18, Silva Walk, Rowhedge, Tiptree, sold for £440,000 on Jan-2024. Given the internal area of 100 square metres, the price per sqm is £4,400.

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 102 sales in Rowhedge (CO5 7) that took place in the last two years.

##### Distribution of £ per sqm for Rowhedge, Tiptree
Distribution of £ per sqm house prices in Rowhedge

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 Rowhedge (CO5 7). Of the 102 transactions, half were sold for between £3,480 and £4,470 per square metre. The median, or 'middle', price per square metre in 'CO5 7' is £3,880. Notably, only 25% of properties that sold recently were valued at more than £4,470 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 Rowhedge, Tiptree

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 Tiptree. 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 Rowhedge, Tiptree

## Comparison with neighbouring postcode sectors

The table below shows how 'CO5 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CO5 9 Kelvedon £3,660 sqm £4,210 sqm £4,760 sqm
CO5 0 Tiptree £3,530 sqm £4,000 sqm £4,490 sqm
CO5 8 West Mersea £3,660 sqm £4,270 sqm £5,160 sqm
CO5 7 Rowhedge £3,480 sqm £3,880 sqm £4,470 sqm

## Will Tiptree 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 CO5 7 (Rowhedge) compared with both the wider area CO5 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 Rowhedge,Tiptree
House price trends for Rowhedge

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 CO5 7 sales
Recent trends for Rowhedge

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 Tiptree 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 Tiptree 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
Layer Road, Rowhedge, CO5 7N 106 sqm £3,111 17
Oxton Close, Rowhedge, CO5 7J 59 sqm £3,251 14
Church Road, Rowhedge, CO5 7P 141 sqm £3,543 12
Hillview Close, Rowhedge, CO5 7H 81 sqm £3,600 11
Rectory Road, Rowhedge, CO5 7H 82 sqm £3,712 11
Church Street, Rowhedge, CO5 7E 75 sqm £3,735 9
Maritime Approach, Rowhedge, CO5 7B 97 sqm £3,702 8
Frere Way, Rowhedge, CO5 7B 129 sqm £3,912 8

## New build activity

Street Avg size Avg £sqm New build sales
Woods Way, Rowhedge, CO5 7F 103 sqm £3,629 10

Woods Way, Rowhedge, CO5 7F has seen 10 new build sales in the last 4 years (average price £394,727). These new build homes typically have an internal area of 103 sqm, with an average price of £3,629 sqm. This £sqm average is £-251 below the average for CO5 7. New builds typically command a £ per sqm premium. In the case of Woods Way 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 Rowhedge 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.