What a pound buys
A dearer house, at a cheaper rate per square foot.
This is the number worth knowing before you price your own home. The Little Canfield home in
the middle of the market asks £120,000 more than the Takeley one, and each square foot of it costs
12% less. The bigger cheque is buying more floor, not a higher price for every foot of it.
£340
Little Canfieldper square foot, across a middle home of 1,749 sq ft
£387
Takeleyper square foot, across a middle home of 1,365 sq ft
Little CanfieldTakeley
Middle asking price£600,000£480,000
Middle floor area1,749 sq ft1,365 sq ft
The Little Canfield middle home is 28% bigger.
Price of one square foot£340£387
12% less per foot in Little Canfield, on a price tag £120,000 higher.
Detached, per sq ft£336£374
1,938 sq ft in Little Canfield, 1,663 sq ft in Takeley.
Semi-detached, per sq ft£335£402
1,550 sq ft in Little Canfield, 1,230 sq ft in Takeley.
Terraced, per sq ft£443£395
818 sq ft in Little Canfield, 1,052 sq ft in Takeley.
The smallest homes carry the highest rate.
A terraced house in Little Canfield asks £443 for each square foot. A detached house
there asks £336. That is a 32% premium per foot for the smaller property. Owners of smaller homes
tend to assume they sit at the weak end of the market. Measured by the foot, they sit at the strong end.
Price per square foot comes from the 22 Little Canfield and 38 Takeley listings that
publish a floor area. For wider context, the whole CM6 1 postcode sector averages £373 a square foot
across 197 listings, and CM22 6 averages £396 across 117. Those sectors are much larger than the
villages and take in Great Dunmow, Elsenham and Henham.
