Feb 07, 2023 by HM

House prices in Halstead (CO9 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Halstead (CO9 1).

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Price per square metre

Knowing the average house price in Halstead 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. Eden Cottage, The Street, Halstead, sold for £840,000 on Sep-2023. Given the internal area of 197 square metres, the price per sqm is £4,263.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 217 sales in Halstead (CO9 1) that took place in the last two years.

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.

That said, the spread of prices will give you a feel of the typical range to expect in Halstead (CO9 1). Of the 217 transactions, half were sold for between £3,160 and £4,280 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,280m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CO9 1' is £3,640. The table below shows how 'CO9 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CO9 4 Great Yeldham	£3,240m2	£3,800m2	£4,260m2
CO9 3 Sible Hedingham	£3,140m2	£3,490m2	£3,880m2
CO9 1 Halstead	£3,160m2	£3,640m2	£4,280m2
CO9 2 Halstead	£3,200m2	£3,650m2	£4,110m2

Will Halstead 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 CO9 1 (Halstead). 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 CO9 1 and the blue dots are the individual property sales that inform this trend.

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

Price map for Halstead

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Halstead. 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. I will explain more about the methodology and create a key next week.

House price heatmap for Halstead

Street level data

Street	Avg size	Avg £/m2	Recent sales
New Street, Halstead, CO9 1D	65m2	£3,633	22
Tidings Hill, Halstead, CO9 1B	79m2	£3,369	20
Chapel Hill, Halstead, CO9 1J	87m2	£3,166	15
White Horse Avenue, Halstead, CO9 1A	96m2	£2,718	14
Mitchell Avenue, Halstead, CO9 1D	87m2	£3,149	13
Trinity Road, Halstead, CO9 1E	69m2	£3,098	13
Kings Road, Halstead, CO9 1H	88m2	£3,258	12
Highfields, Halstead, CO9 1N	101m2	£3,651	12

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Digby Way, Halstead, CO9 1F	92m2	£3,854	19
Richardson Lane, Halstead, CO9 1G	112m2	£3,533	9
Harper Lane, Halstead, CO9 1F	78m2	£3,837	9

Digby Way, Halstead, CO9 1F has seen 19 new build sales in the last 4 years (average price £369,200). These new build homes typically have an internal area of 92 m2, with an average price of £3,854 m2. This £sqm average is £214 above the average for CO9 1. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Halstead 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
Eden Cottage, The St, Halstead	£840,000 Sep-2023	197	4,263
36, Godwin Close, Halstead	£269,000 Aug-2023	86	3,127
4, Richardson Lane, Halstead	£465,000 Aug-2023	148	3,141

See the entire list of all sales in Halstead (CO9 1) here.