House prices in 'SK22 4', New Mills

Price per square metre data and charts revealed. Latest statistics for the housing market in 'SK22 4' (New Mills) - calculated on 01 December 2025.

Defining 'SK22 4'

This analysis is limited to properties whose postcode starts with "SK22 4", this is also called the postcode sector. There are no official postcode sector names so I've just labelled it SK22 4, New Mills. It is shown in red on the map below.

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You can click on the map above to change to a neighbouring sector, or you can use the search form below.

Price per square metre

Knowing the average house price in SK22 4 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

For example in October 2025, Poets Cottage, Eaves Knoll, New Mills, SK22 4QD sold for £625,000. Given the internal area of 142 square metres recorded on the EPC, the price per sqm is £625,000 ÷ 142 sqm = £4,401.

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 ;-). It is a huge pain to code the automatic conversion for square meters to square feet for all the graphs and charts on SK22 4 and elsewhere. All the conditionals turn my tidy code for into spaghetti. I will get around to it at some point, but for now you can just divide everything by 10 in your head, move a decimal place and you'll be close enough. If you want to be more precise 1 sqm = 10.76391 sqft.

Distribution of £ per sqm for 'SK22 4' vs 'SK22'

The chart above is called a histogram, it helps you see the distribution of house price per sqm in SK22 4 To make this chart we put all the sales data into a series of £ per sqm 'buckets' (e.g. £2,900 to £3,000, £3,000 to £3,100, £3,100 to £3,200 etc...) we then count the number of sales with within in each bucket and plot the results. The histogram is based on 223 sales that took place in SK22 4, New Mills in the last 24 months.

Generate a custom histogram 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 SK22 4, New Mills. Notably, only 25% of properties that sold recently were valued at more than £3,390 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of SK22 4 homes.

Box plot of £ per sqm for SK22 4

Tip: click on the chart to see the values.

The chart above is called a boxplot (or a box-and-whisker plot). Box plots, like histograms, are used to graphically represent the distribution of data, showing the central tendency, spread of the distribution. In the context of £ per square metre property price distributions, box plots represent the variation in property prices within a geographic area e.g. New Mills. The chart above shows a boxplot for 'SK22 4' as well as the 'SK22' postcode district.

  • Median: The horizontal line inside the box represents the median (£ per square meter). This is the midpoint of the data, meaning 50% of the prices are below this value, and 50% are above. The middle price per square metre in 'SK22 4' is £3,010.
  • Interquartile Range (IQR): The box spans from the 25th percentile (Q1) to the 75th percentile (Q3). This is the range where the middle 50% of the data lies, giving a good indication of the typical price spread. Of the 223 transactions in SK22 4, New Mills half were sold for between £2,680 and £3,390 per square metre.
  • Whiskers: In our case, the whiskers extend from the 9th percentile (at the lower end) to the 91st percentile (at the upper end), This provides a slightly broader view of the distribution by including the middle 82% of records. The whiskers capture most of the variation but exclude extreme outliers caused by data errors in recording sold house prices or internal area.
  • 'n=' is the number of property transactions the box plot is based on; 223 for SK22 4, New Mills.

    • Property price map for New Mills

    Have a look at the interactive price map I created for myself. Use it to explore 'SK22 4' house prices all the way down to individual property plots.

    Property price heatmap for New Mills
    House price map for New Mills

    New Mills house price forecasting

    House prices in SK22 4 grew 1.6% in the last year, -2.2% after inflation. Whether or not this trend will continue depends on many factors, such as wage growth, net migration, interest rates and the level of house building. No one can predict these things with certainty however we can plot the historic trends in house prices in SK22 4 (New Mills) compared with the wider postcode district of SK22.

    House price index for SK22 4

    Tip: click on the legend items to show/hide different lines

    Download house price index as CSV (premium users only).

    The chart above shows changes in 'SK22 4' property prices over the last 20 years. The index is calculated from the average price paid per sqm for property in SK22 4 and is set to 100 in 2004. I'm comparing the trends for SK22 4,New Mills with the wider postcode district of SK22 What is more interesting is to look at the difference between flats and houses, even those in the same area follow a very different trend, to get a robust enough sample size to see this we need to zoom out and look at house price trends for the entire High Peak local authority.

    The dashed lines show nominal house price changes, the solid lines show the same data adjusted for inflation. Economists call this the 'real' price change. You have to take inflation into account when comparing prices over time. It's calculated using the formula:

    Real Rate of Return = (1 + Nominal Rate) ÷ (1 + Inflation Rate) – 1
    In this formula, the nominal rate is the rate of change before any adjustments, and the inflation rate is taken from the Consumer Price Index. The real rate of return is a more accurate measure of change in value, because £1 today does not have the same buying power as £1 in the past. For example, if a savings account pays an interest rate of 3% per year and the inflation rate is 5% per year, the real rate of return is -2%. This means that the investment's value is shrinking by 2% each year.

    Historic returns for SK22 4
    SK22 4 sector SK22 district
    Nominal Real Nominal Real
    20 yr per annum 3.4% 0.7% 3.4% 0.6%
    20 yr total 96.9% 14.1% 93.4% 12.1%
    10 yr per annum 5.4% 2.2% 5.4% 2.2%
    10 yr total 68.8% 23.9% 69.9% 24.8%
    5 yr per annum 6.0% 1.4% 5.3% 0.8%
    5 yr total 34.0% 7.4% 29.6% 3.9%
    1 yr per annum 1.6% -2.2% 2.8% -1.1%
    1 yr total 1.6% -2.2% 2.8% -1.1%

    This table complements the house price index chart above, presenting the data in a more detailed format. It breaks down the information into 20-year, 10-year, 5-year, and 1-year periods, further categorized by property type. For each period, we display both a per annum rate of change and a total rate of change.

    The total rate of change represents the overall change over the entire period. The formula for total return is:

    Total return = (Index at end of period ÷ Index at start of period) - 1

    The per annum rate of change is the annualized rate of change over the period. This is equivalent to the annual bank savings rate you would need to achieve the same total return over the given period. This annualized return is also known as the Compound Annual Growth Rate (CAGR). The formula for CAGR is:

    CAGR = (1 + Total return) ^ (1 ÷ Number of years) - 1

    Some specific examples:

    • Over the past 20 years, SK22 district have seen a 0.6% annual change when adjusted for inflation. This translates to a total change of 12.1% in real terms.
    • Over the past 5 years, SK22 district have seen a 0.8% annual change when adjusted for inflation. This translates to a total change of 3.9% in real terms.

    Most recent SK22 4 sales

    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.

    Tip: hover over dots to see details

    Street level data

    Street Avg size Avg £sqm Recent sales
    Hyde Bank Road, New Mills, SK22 4P 57 sqm £2,689 22
    Bridge Street, New Mills, SK22 4D 95 sqm £3,385 14
    New Street, New Mills, SK22 4P 70 sqm £3,022 14
    St Georges Road, New Mills, SK22 4J 98 sqm £2,879 13
    Laneside Road, New Mills, SK22 4L 94 sqm £3,177 13
    Low Leighton Road, New Mills, SK22 4P 95 sqm £3,615 12
    Jubilee Street, New Mills, SK22 4N 83 sqm £2,703 11
    Highfield Terrace, New Mills, SK22 4L 82 sqm £2,874 11

    Search for your street here.

    Nearby geographies

    The table below shows how 'SK22 4' compares to the other postcode sectors in SK22.

    Sector Lower quartile Median Upper quartile Sales in last 2yr
    SK6 5 Marple Bridge £3,260 sqm £3,830 sqm £4,550 sqm 135
    SK23 7 Whaley Bridge £2,680 sqm £3,360 sqm £3,830 sqm 255
    SK23 6 Chinley £2,900 sqm £3,690 sqm £4,010 sqm 84
    SK22 4 New Mills £2,680 sqm £3,010 sqm £3,390 sqm 223
    SK22 3 New Mills £2,880 sqm £3,280 sqm £3,700 sqm 78
    SK22 2 Hayfield £2,920 sqm £3,430 sqm £4,090 sqm 58
    SK22 1 Birch Vale £2,910 sqm £3,300 sqm £3,650 sqm 30

    Raw data

    Our analysis of SK22 4 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
    Poets Cottage, Eaves Knoll, New Mills £625,000
    Oct-2025
    		 142 4,401
    19, Millers Vale, New Mills £518,000
    Oct-2025
    		 157 3,299
    11, Low Leighton Rd, New Mills £285,000
    Oct-2025
    		 105 2,714

    See the entire list of all sales in SK22 4 here.

    About

    I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.