# House prices in CT4 6 (Elham)

This article reveals price per square metre data and various charts to help you understand current housing market in Elham, Chartham (CT4 6).

## Defining 'CT4 6'

This analysis is limited to properties whose postcode starts with "CT4 6", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Elham.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Elham 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. Brambledown, , Elham, Chartham, sold for £515,000 on Feb-2024. Given the internal area of 103 square metres, the price per sqm is £5,000.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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. £4,800-£5,000, £5,000-£5,200, £5,200-£5,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 77 sales in Elham (CT4 6) that took place in the last two years.

##### Distribution of £ per sqm for Elham, Chartham
Distribution of £ per sqm house prices in Elham

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 Elham (CT4 6). Of the 77 transactions, half were sold for between £3,850 and £5,410 per square metre. The median, or 'middle', price per square metre in 'CT4 6' is £4,440. Notably, only 25% of properties that sold recently were valued at more than £5,410 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Elham, Chartham

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 Chartham. 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.

House price heatmap for Elham, Chartham

## Comparison with neighbouring postcode sectors

The table below shows how 'CT4 6' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CT4 7 Chartham £3,310 sqm £3,940 sqm £4,470 sqm
CT4 5 Bridge £3,840 sqm £4,530 sqm £5,500 sqm
CT4 6 Elham £3,850 sqm £4,440 sqm £5,410 sqm
CT4 8 Chilham £3,670 sqm £4,370 sqm £4,980 sqm

## Will Chartham 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 chart below for CT4 6 (Elham) compared with both the wider area CT4 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Elham,Chartham
House price trends for Elham

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CT4 6 sales
Recent trends for Elham

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Chartham to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Chartham 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.

## Street level data

Street Avg size Avg £sqm Recent sales
The Street, Elham, CT4 6J 113 sqm £4,346 17
Heathfield Way, Elham, CT4 6Q 110 sqm £4,048 10
The Grove, Elham, CT4 6P 113 sqm £3,701 6
High Street, Elham, CT4 6T 127 sqm £3,899 6
High Street, Elham, CT4 6S 110 sqm £4,680 6
Railway Hill, Elham, CT4 6P 119 sqm £4,715 6
The Row, Elham, CT4 6U 114 sqm £3,857 6
Longage Hill, Elham, CT4 6X 175 sqm £4,206 5

Search for your street here.

## Raw data

Our analysis of Elham 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 sqm £/sqm
Brambledown, , Elham, Chartham £515,000
Feb-2024
103 5,000
Jasmine, The St, Elham, Chartham £275,000
Jan-2024
52 5,288
The Bungalow, Covet Lane, Elham, Chartham £600,000
Jan-2024
111 5,405