House prices in IP8 3 (Pinewood)

This article reveals price per square metre data and various charts to help you understand current housing market in 'IP8 3' (Pinewood) - statistics were last calculated on 30 August 2024.

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Defining 'IP8 3'

This analysis is limited to properties whose postcode starts with "IP8 3", 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 Pinewood.

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

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

Price per square metre

Knowing the average house price in Pinewood 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. 19, Holly Blue Close, Pinewood, sold for £227,500 on Jul-2024. Given the internal area of 71 square metres, the price per sqm is £3,204.

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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 107 sales in Pinewood (IP8 3) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

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 Pinewood (IP8 3). Of the 107 transactions, half were sold for between £3,230 and £4,020 per square metre. The median, or 'middle', price per square metre in 'IP8 3' is £3,540. Notably, only 25% of properties that sold recently were valued at more than £4,020 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 Pinewood

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 Pinewood. 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 Pinewood

Comparison with neighbouring postcode sectors

The table below shows how 'IP8 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
IP8 4 Bramford	£2,960 sqm	£3,490 sqm	£3,930 sqm
IP8 3 Pinewood	£3,230 sqm	£3,540 sqm	£4,020 sqm

Will Pinewood 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 IP8 3 (Pinewood) compared with both the wider area IP8 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

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.

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 Pinewood 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 Pinewood 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
Oldfield Road, Pinewood, IP8 3S	53 sqm	£3,491	13
Sproughton Court, Pinewood, IP8 3A	79 sqm	£1,911	13
High Street, Pinewood, IP8 3A	75 sqm	£3,052	12
Yew Tree Rise, Pinewood, IP8 3R	52 sqm	£3,709	12
Sycamore Close, Pinewood, IP8 3R	50 sqm	£3,731	11
Broad Meadow, Pinewood, IP8 3S	72 sqm	£3,539	8
Old London Road, Pinewood, IP8 3J	151 sqm	£3,253	8
Moyes Place, Pinewood, IP8 3F	231 sqm	£3,237	8

Search for your street here.

Raw data

Our analysis of Pinewood 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
19, Holly Blue Close, Pinewood	£227,500 Jul-2024	71	3,204
14, Grayling Rd, Pinewood	£227,500 Jun-2024	64	3,554
16, Poplar Lane, Pinewood	£336,000 Jun-2024	107	3,140

See the entire list of all sales in Pinewood (IP8 3) here.