Feb 07, 2023 by HM

House prices in Shepherdswell (CT15 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Shepherdswell (CT15 7).


Price per square metre

Knowing the average house price in Shepherdswell 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. 4, Canterbury Road, Shepherdswell, St Margarets At Cliffe, sold for £380,000 on Aug-2023. Given the internal area of 86 square metres, the price per sqm is £4,418.

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. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 92 sales in Shepherdswell (CT15 7) that took place in the last two years.

Distribution of £ per sqm for Shepherdswell (CT15 7)
Distribution of £ per sqm house prices in Shepherdswell

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 Shepherdswell (CT15 7). Of the 92 transactions, half were sold for between £3,500 and £4,690 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,690m2. 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 7' is £4,110. The table below shows how 'CT15 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CT15 6 St Margarets At Cliffe £3,100m2 £4,000m2 £4,670m2
CT15 4 Eythorne £3,160m2 £3,510m2 £4,140m2
CT15 5 Burgoyne Heights £2,960m2 £3,510m2 £4,440m2
CT15 7 Shepherdswell £3,500m2 £4,110m2 £4,690m2

Will Shepherdswell 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 7 (Shepherdswell). 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 7 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Shepherdswell (CT15 7) over time
House price trends for Shepherdswell

Hover on any blue dot to see details of specific sales

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

Price map for Shepherdswell

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 Shepherdswell. 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.

Property price heatmap for Shepherdswell
House price heatmap for Shepherdswell

Street level data

Street Avg size Avg £/m2 Recent sales
Canterbury Road, Shepherdswell, CT15 7E 114m2 £3,610 21
Westcourt Lane, Shepherdswell, CT15 7P 136m2 £3,547 11
Stonehall Road, Shepherdswell, CT15 7J 97m2 £3,043 10
Mill Lane, Shepherdswell, CT15 7L 126m2 £4,118 9
St Andrews Gardens, Shepherdswell, CT15 7L 87m2 £4,547 7
Lady Garne Road, Shepherdswell, CT15 7B 91m2 £3,052 7
Church Hill, Shepherdswell, CT15 7N 99m2 £3,593 7
Canterbury Road, Shepherdswell, CT15 7H 143m2 £3,562 6

Search for your street here.

Raw data

Our analysis of Shepherdswell 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
4, Canterbury Rd, Shepherdswell, St Margarets At Cliffe £380,000
Aug-2023
86 4,418
Eastcote, Canterbury Rd, Shepherdswell, St Margarets At Cliffe £430,000
Aug-2023
102 4,215
36, Stonehall, Shepherdswell, St Margarets At Cliffe £310,000
Jul-2023
101 3,069

See the entire list of all sales in Shepherdswell (CT15 7) 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.