# House prices in CO7 8 (Alresford)

This article reveals price per square metre data and various charts to help you understand current housing market in Alresford, Brightlingsea (CO7 8).

## Defining 'CO7 8'

This analysis is limited to properties whose postcode starts with "CO7 8", 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 Alresford.

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 Alresford 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. 48, Wivenhoe Road, Alresford, Brightlingsea, sold for £365,000 on Apr-2024. Given the internal area of 96 square metres, the price per sqm is £3,802.

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 111 sales in Alresford (CO7 8) that took place in the last two years.

##### Distribution of £ per sqm for Alresford, Brightlingsea
Distribution of £ per sqm house prices in Alresford

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 Alresford (CO7 8). Of the 111 transactions, half were sold for between £3,300 and £4,360 per square metre. The median, or 'middle', price per square metre in 'CO7 8' is £3,870. Notably, only 25% of properties that sold recently were valued at more than £4,360 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 Alresford, 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 Alresford, Brightlingsea

## Comparison with neighbouring postcode sectors

The table below shows how 'CO7 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CO7 6 East Bergholt £3,750 sqm £4,220 sqm £4,880 sqm
CO7 9 Wivenhoe £3,730 sqm £4,230 sqm £4,810 sqm
CO7 8 Alresford £3,300 sqm £3,870 sqm £4,360 sqm
CO7 0 Brightlingsea £2,800 sqm £3,290 sqm £3,890 sqm
CO7 7 Elmstead £3,220 sqm £3,910 sqm £4,390 sqm

## 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 chart below for CO7 8 (Alresford) compared with both the wider area CO7 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 Alresford,Brightlingsea
House price trends for Alresford

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 CO7 8 sales
Recent trends for Alresford

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 Brightlingsea 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 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Wivenhoe Road, Alresford, CO7 8A 123 sqm £3,495 19
Birch Avenue, Alresford, CO7 8L 93 sqm £3,637 14
St Marys Road, Alresford, CO7 8N 136 sqm £2,933 12
Church Road, Alresford, CO7 8H 114 sqm £4,017 11
Clacton Road, Alresford, CO7 8J 126 sqm £3,404 10
Brightlingsea Road, Alresford, CO7 8J 153 sqm £4,006 9
Colchester Main Road, Alresford, CO7 8D 112 sqm £3,641 8
Clover Drive, Alresford, CO7 8H 82 sqm £3,943 8

## Raw data

Our analysis of Alresford 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.