Feb 07, 2023 by HM

House prices in Halstead (CO9 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Halstead (CO9 2).


Defining 'CO9 2'

This analysis is limited to properties whose postcode starts with "CO9 2", 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 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. 20, Kestrel Rise, Halstead, sold for £255,000 on Feb-2024. Given the internal area of 56 square metres, the price per sqm is £4,553.

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 166 sales in Halstead (CO9 2) that took place in the last two years.

Distribution of £ per sqm for Halstead (CO9 2)
Distribution of £ per sqm house prices in Halstead

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 Halstead (CO9 2). Of the 166 transactions, half were sold for between £3,200 and £4,150 per square metre. The median, or 'middle', price per square metre in 'CO9 2' is £3,690. Notably, only 25% of properties that sold recently were valued at more than £4,150m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Halstead

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 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.

Property price heatmap for Halstead
House price heatmap for Halstead

Comparison with neighbouring postcode sectors

The table below shows how 'CO9 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CO9 4 Great Yeldham £3,310m2 £3,810m2 £4,260m2
CO9 2 Halstead £3,200m2 £3,690m2 £4,150m2
CO9 3 Sible Hedingham £3,100m2 £3,420m2 £3,960m2
CO9 1 Halstead £3,180m2 £3,670m2 £4,320m2

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 2 (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 2 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Halstead (CO9 2) over time
House price trends for Halstead

Hover on any blue dot to see details of specific sales

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.

Street level data

Street Avg size Avg £/m2 Recent sales
Nether Court, Halstead, CO9 2H 77m2 £3,987 23
Colne Road, Halstead, CO9 2H 75m2 £3,048 22
Hedingham Road, Halstead, CO9 2D 80m2 £3,109 20
Dame Mary Walk, Halstead, CO9 2F 78m2 £3,247 18
Colchester Road, Halstead, CO9 2E 114m2 £3,539 17
Cherry Tree Close, Halstead, CO9 2U 87m2 £3,608 17
Pretoria Road, Halstead, CO9 2E 115m2 £3,183 14
Harvey Street, Halstead, CO9 2L 81m2 £3,571 14

Search for your street here.

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
20, Kestrel Rise, Halstead £255,000
Feb-2024
56 4,553
Coralie, 10, Middlefield, Halstead £290,000
Feb-2024
108 2,685
17, North Mill Pl, Halstead £200,000
Dec-2023
110 1,818

See the entire list of all sales in Halstead (CO9 2) 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.