Feb 07, 2023 by HM

House prices in Istead Rise (DA13 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Istead Rise (DA13 9).

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Price per square metre

Knowing the average house price in Istead Rise 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. 301, Wrotham Road, Istead Rise, Meopham, sold for £640,000 on Aug-2023. Given the internal area of 169 square metres, the price per sqm is £3,786.

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. £5,250-£5,500, £5,500-£5,750, £5,750-£6,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 120 sales in Istead Rise (DA13 9) 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 Istead Rise (DA13 9). Of the 120 transactions, half were sold for between £4,460 and £5,620 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,620m². 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 'DA13 9' is £4,910. The table below shows how 'DA13 9' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
DA13 0 Meopham	£4,170m2	£4,780m2	£5,500m2
DA13 9 Istead Rise	£4,460m2	£4,910m2	£5,620m2

Will Istead Rise 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 DA13 9 (Istead Rise). 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 DA13 9 and the blue dots are the individual property sales that inform this trend.

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

Price map for Istead Rise

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 Istead Rise. 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 Istead Rise

Street level data

Street	Avg size	Avg £/m2	Recent sales
Downs Road, Istead Rise, DA13 9H	113m2	£4,612	26
Flowerhill Way, Istead Rise, DA13 9D	90m2	£4,618	19
Lyndhurst Way, Istead Rise, DA13 9E	95m2	£4,477	14
Highcross Road, Istead Rise, DA13 9P	95m2	£4,344	12
Red Street, Istead Rise, DA13 9Q	112m2	£4,721	11
The Drove Way, Istead Rise, DA13 9J	102m2	£4,166	9
Sallows Shaw, Istead Rise, DA13 9B	129m2	£4,909	9
Lewis Road, Istead Rise, DA13 9J	113m2	£5,401	9

Search for your street here.

Raw data

Our analysis of Istead Rise 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
301, Wrotham Rd, Istead Rise, Meopham	£640,000 Aug-2023	169	3,786
49, Worcester Close, Istead Rise, Meopham	£450,000 Aug-2023	93	4,838
8, The Beeches, Istead Rise, Meopham	£905,000 Aug-2023	180	5,027

See the entire list of all sales in Istead Rise (DA13 9) here.