Feb 07, 2023 by HM

# House prices in Brightlingsea (CO7 0)

## Defining 'CO7 0'

This analysis is limited to properties whose postcode starts with "CO7 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 Brightlingsea 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. 147, Sydney Street, Brightlingsea, sold for £172,000 on Feb-2024. Given the internal area of 54 square metres, the price per sqm is £3,185.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 249 sales in Brightlingsea (CO7 0) that took place in the last two years.

##### Distribution of £ per sqm for Brightlingsea (CO7 0)
Distribution of £ per sqm house prices in Brightlingsea

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 Brightlingsea (CO7 0). Of the 249 transactions, half were sold for between £2,810 and £3,880 per square metre. The median, or 'middle', price per square metre in 'CO7 0' is £3,300. Notably, only 25% of properties that sold recently were valued at more than £3,880m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Brightlingsea

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 Brightlingsea. 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 Brightlingsea

## Comparison with neighbouring postcode sectors

The table below shows how 'CO7 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CO7 6 East Bergholt £3,690m2 £4,180m2 £4,840m2
CO7 9 Wivenhoe £3,770m2 £4,230m2 £4,790m2
CO7 0 Brightlingsea £2,810m2 £3,300m2 £3,880m2
CO7 7 Elmstead £3,250m2 £3,970m2 £4,430m2
CO7 8 Alresford £3,260m2 £3,810m2 £4,340m2

## Will Brightlingsea 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 CO7 0 (Brightlingsea). 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 CO7 0 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Brightlingsea (CO7 0) over time
House price trends for Brightlingsea

Hover on any blue dot to see details of specific sales

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

## Street level data

Street Avg size Avg £/m2 Recent sales
Sydney Street, Brightlingsea, CO7 0B 79m2 £2,712 22
Chapel Road, Brightlingsea, CO7 0H 79m2 £3,378 18
Waterside Marina, Brightlingsea, CO7 0G 86m2 £3,270 16
Dover Road, Brightlingsea, CO7 0P 75m2 £3,291 14
John Street, Brightlingsea, CO7 0N 82m2 £3,048 13
Waterside, Brightlingsea, CO7 0F 126m2 £2,163 13
Silcott Street, Brightlingsea, CO7 0D 80m2 £2,865 13
Upper Park Road, Brightlingsea, CO7 0J 79m2 £3,118 13

## New build activity

Street Avg size Avg £/m2 New build sales
Keats Crescent, Brightlingsea, CO7 0F 105m2 £3,194 13
Waterside Marina, Brightlingsea, CO7 0F 79m2 £2,803 11

Keats Crescent, Brightlingsea, CO7 0F has seen 13 new build sales in the last 4 years (average price £280,419). These new build homes typically have an internal area of 105 m2, with an average price of £3,194 m2. This £sqm average is £-106 below the average for CO7 0. New builds typically command a £ per sqm premium. In the case of Keats Crescent 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 Brightlingsea 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.