Feb 07, 2023 by HM

House prices in St Margarets At Cliffe (CT15 6)

This article reveals price per square metre data and various charts to help you understand current housing market in St Margarets At Cliffe (CT15 6).

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Price per square metre

Knowing the average house price in St Margarets At Cliffe 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. Downlands, Goodwin Road, St Margarets At Cliffe, sold for £715,000 on Sep-2023. Given the internal area of 122 square metres, the price per sqm is £5,860.

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. £5,150-£5,500, £5,500-£5,850, £5,850-£6,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 59 sales in St Margarets At Cliffe (CT15 6) 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 St Margarets At Cliffe (CT15 6). Of the 59 transactions, half were sold for between £3,200 and £4,730 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,730m². 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 'CT15 6' is £4,050. The table below shows how 'CT15 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CT15 5 Burgoyne Heights	£2,940m2	£3,390m2	£4,490m2
CT15 7 Shepherdswell	£3,410m2	£4,050m2	£4,630m2
CT15 4 Eythorne	£3,170m2	£3,550m2	£4,160m2
CT15 6 St Margarets At Cliffe	£3,200m2	£4,050m2	£4,730m2

Will St Margarets At Cliffe 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 CT15 6 (St Margarets At Cliffe). 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 CT15 6 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about St Margarets At Cliffe 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 St Margarets At Cliffe data or any other data I am given.

Price map for St Margarets At Cliffe

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 St Margarets At Cliffe. 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 St Margarets At Cliffe

Street level data

Street	Avg size	Avg £/m2	Recent sales
Roman Way, St Margarets At Cliffe, CT15 6A	86m2	£3,998	11
Nelson Park Road, St Margarets At Cliffe, CT15 6H	95m2	£4,082	10
The Droveway, St Margarets At Cliffe, CT15 6B	116m2	£3,148	8
The Droveway, St Margarets At Cliffe, CT15 6D	147m2	£4,593	8
Kingsdown Road, St Margarets At Cliffe, CT15 6A	83m2	£3,828	8
Lighthouse Road, St Margarets At Cliffe, CT15 6E	156m2	£4,562	7
The Freedown, St Margarets At Cliffe, CT15 6B	70m2	£4,225	6
Chapel Lane, St Margarets At Cliffe, CT15 6B	87m2	£4,756	6

Search for your street here.

Raw data

Our analysis of St Margarets At Cliffe 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
Downlands, Goodwin Rd, St Margarets At Cliffe	£715,000 Sep-2023	122	5,860
Anchorage, Bay Hill, St Margarets At Cliffe	£970,000 Aug-2023	173	5,606
Kestrels, 52, Lighthouse Rd, St Margarets At Cliffe	£405,000 Aug-2023	102	3,970

See the entire list of all sales in St Margarets At Cliffe (CT15 6) here.