Feb 07, 2023 by HM

House prices in West Mersea (CO5 8)

This article reveals price per square metre data and various charts to help you understand current housing market in West Mersea (CO5 8).


Defining 'CO5 8'

This analysis is limited to properties whose postcode starts with "CO5 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 West Mersea 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. 31a, The Lane, West Mersea, Tiptree, sold for £500,000 on Feb-2024. Given the internal area of 138 square metres, the price per sqm is £3,623.

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 151 sales in West Mersea (CO5 8) that took place in the last two years.

Distribution of £ per sqm for West Mersea (CO5 8)
Distribution of £ per sqm house prices in West Mersea

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 West Mersea (CO5 8). Of the 151 transactions, half were sold for between £3,660 and £5,120 per square metre. The median, or 'middle', price per square metre in 'CO5 8' is £4,240. Notably, only 25% of properties that sold recently were valued at more than £5,120m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for West Mersea

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 West Mersea. 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 West Mersea
House price heatmap for West Mersea

Comparison with neighbouring postcode sectors

The table below shows how 'CO5 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CO5 7 Rowhedge £3,460m2 £3,850m2 £4,460m2
CO5 9 Kelvedon £3,650m2 £4,210m2 £4,780m2
CO5 0 Tiptree £3,510m2 £4,010m2 £4,540m2
CO5 8 West Mersea £3,660m2 £4,240m2 £5,120m2

Will West Mersea 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 CO5 8 (West Mersea). 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 CO5 8 and the blue dots are the individual property sales that inform this trend.

Price per square metre in West Mersea (CO5 8) over time
House price trends for West Mersea

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Seaview Avenue, West Mersea, CO5 8B 89m2 £3,484 19
High Street, West Mersea, CO5 8S 42m2 £3,658 15
Queen Anne Road, West Mersea, CO5 8B 111m2 £3,633 14
Whittaker Way, West Mersea, CO5 8L 93m2 £4,559 13
East Road, West Mersea, CO5 8E 91m2 £3,671 11
Church Road, West Mersea, CO5 8Q 80m2 £3,747 10
Prince Albert Road, West Mersea, CO5 8A 129m2 £3,935 9
Oakwood Avenue, West Mersea, CO5 8E 96m2 £4,308 9

Search for your street here.

Raw data

Our analysis of West Mersea 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
31a, The Lane, West Mersea, Tiptree £500,000
Feb-2024
138 3,623
21, Oakwood Avenue, West Mersea, Tiptree £290,000
Feb-2024
63 4,603
Flat 18 Charleston Court, Seaview Avenue, West Mersea, Tiptree £270,000
Jan-2024
82 3,292

See the entire list of all sales in West Mersea (CO5 8) 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.