# House prices in DE12 6 (Overseal)

This article reveals price per square metre data and various charts to help you understand current housing market in Overseal, Measham (DE12 6).

## Defining 'DE12 6'

This analysis is limited to properties whose postcode starts with "DE12 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 Overseal.

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 Overseal 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. 15, Moira Road, Overseal, Measham, sold for £173,500 on Dec-2023. Given the internal area of 87 square metres, the price per sqm is £1,994.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 152 sales in Overseal (DE12 6) that took place in the last two years.

##### Distribution of £ per sqm for Overseal, Measham
Distribution of £ per sqm house prices in Overseal

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 Overseal (DE12 6). Of the 152 transactions, half were sold for between £2,120 and £3,100 per square metre. The median, or 'middle', price per square metre in 'DE12 6' is £2,530. Notably, only 25% of properties that sold recently were valued at more than £3,100 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 Overseal, Measham

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 Measham. 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 Overseal, Measham

## Comparison with neighbouring postcode sectors

The table below shows how 'DE12 6' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DE12 6 Overseal £2,120 sqm £2,530 sqm £3,100 sqm
DE12 7 Measham £2,260 sqm £2,770 sqm £3,120 sqm
DE12 8 Walton On Trent £2,680 sqm £2,950 sqm £3,430 sqm

## Will Measham 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 DE12 6 (Overseal) compared with both the wider area DE12 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 Overseal,Measham
House price trends for Overseal

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 DE12 6 sales
Recent trends for Overseal

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 Measham 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 Measham 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
Linton Heath, Overseal, DE12 6P 85 sqm £1,850 22
Woodville Road, Overseal, DE12 6L 91 sqm £2,230 17
Ashby Road, Overseal, DE12 6D 115 sqm £2,347 15
Shortheath Road, Overseal, DE12 6A 75 sqm £2,798 13
Coton Park, Overseal, DE12 6R 101 sqm £1,776 13
Moira Road, Overseal, DE12 6J 124 sqm £2,865 12
Edward Street, Overseal, DE12 6L 88 sqm £1,982 11
Burton Road, Overseal, DE12 6L 110 sqm £2,046 10

Search for your street here.

## New build activity

Street Avg size Avg £sqm New build sales
Foxley Chase, Overseal, DE12 6B 110 sqm £2,377 14

Foxley Chase, Overseal, DE12 6B has seen 14 new build sales in the last 4 years (average price £268,361). These new build homes typically have an internal area of 110 sqm, with an average price of £2,377 sqm. This £sqm average is £-153 below the average for DE12 6. New builds typically command a £ per sqm premium. In the case of Foxley Chase the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

## Raw data

Our analysis of Overseal 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
15, Moira Rd, Overseal, Measham £173,500
Dec-2023
87 1,994
5, Hazel Grove, Overseal, Measham £250,000
Dec-2023
99 2,525
18, Edward St, Overseal, Measham £161,000
Nov-2023
57 2,824