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).

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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. 190, Colchester Road, Halstead, sold for £300,000 on Sep-2023. Given the internal area of 73 square metres, the price per sqm is £4,109.

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 169 sales in Halstead (CO9 2) 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 2). Of the 169 transactions, half were sold for between £3,200 and £4,110 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,110m². 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 2' is £3,650. The table below shows how 'CO9 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CO9 4 Great Yeldham	£3,240m2	£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 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.

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
Nether Court, Halstead, CO9 2H	78m2	£3,807	23
Colne Road, Halstead, CO9 2H	77m2	£3,018	22
Dame Mary Walk, Halstead, CO9 2F	79m2	£3,256	18
Hedingham Road, Halstead, CO9 2D	81m2	£3,134	18
Cherry Tree Close, Halstead, CO9 2U	87m2	£3,588	17
Colchester Road, Halstead, CO9 2E	114m2	£3,340	16
Pretoria Road, Halstead, CO9 2E	115m2	£3,124	16
Hawthorn Close, Halstead, CO9 2S	62m2	£4,090	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
190, Colchester Rd, Halstead	£300,000 Sep-2023	73	4,109
7, Oak Yard, Halstead	£98,950 Aug-2023	44	2,248
5, Birch Drive, Halstead	£365,000 Aug-2023	85	4,294

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