Feb 07, 2023 by HM

House prices in Welwyn Garden City (AL7 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Welwyn Garden City (AL7 1).


Defining 'AL7 1'

This analysis is limited to properties whose postcode starts with "AL7 1", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

Price per square metre

Knowing the average house price in Welwyn Garden City 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. 1, Archfield, Welwyn Garden City, sold for £320,000 on Feb-2024. Given the internal area of 75 square metres, the price per sqm is £4,266.

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. £3,700-£4,000, £4,000-£4,300, £4,300-£4,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 141 sales in Welwyn Garden City (AL7 1) that took place in the last two years.

Distribution of £ per sqm for Welwyn Garden City (AL7 1)
Distribution of £ per sqm house prices in Welwyn Garden City

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 Welwyn Garden City (AL7 1). Of the 141 transactions, half were sold for between £3,940 and £5,000 per square metre. The median, or 'middle', price per square metre in 'AL7 1' is £4,470. Notably, only 25% of properties that sold recently were valued at more than £5,000m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Welwyn Garden City

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 Welwyn Garden City. 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.

Property price heatmap for Welwyn Garden City
House price heatmap for Welwyn Garden City

Comparison with neighbouring postcode sectors

The table below shows how 'AL7 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
AL7 2 Welwyn Garden City £4,350m2 £4,950m2 £5,760m2
AL7 3 Welwyn Garden City £4,460m2 £4,930m2 £5,730m2
AL7 4 Welwyn Garden City £4,400m2 £4,900m2 £5,410m2
AL7 1 Welwyn Garden City £3,940m2 £4,470m2 £5,000m2

Will Welwyn Garden City 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 AL7 1 (Welwyn Garden City). 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 AL7 1 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Welwyn Garden City (AL7 1) over time
House price trends for Welwyn Garden City

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Welwyn Garden City 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 Welwyn Garden City data or any other data I am given.

Street level data

Street Avg size Avg £/m2 Recent sales
Bessemer Road, Welwyn Garden City, AL7 1F 63m2 £3,556 38
Daniells, Welwyn Garden City, AL7 1Q 95m2 £4,095 21
Corners, Welwyn Garden City, AL7 1R 60m2 £4,053 9
Beauchamps, Welwyn Garden City, AL7 1F 101m2 £5,301 9
Maple Grove, Welwyn Garden City, AL7 1N 83m2 £4,795 9
Broomhills, Welwyn Garden City, AL7 1R 89m2 £4,094 9
Bridge Court, Welwyn Garden City, AL7 1G 55m2 £4,236 9
Nursery Hill, Welwyn Garden City, AL7 1U 74m2 £4,017 9

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Bessemer Road, Welwyn Garden City, AL7 1G 64m2 £2,941 25
Bridge Road East, Welwyn Garden City, AL7 1J 66m2 £4,110 20

Bessemer Road, Welwyn Garden City, AL7 1G has seen 25 new build sales in the last 4 years (average price £239,547). These new build homes typically have an internal area of 64 m2, with an average price of £2,941 m2. This £sqm average is £-1529 below the average for AL7 1. New builds typically command a £ per sqm premium. In the case of Bessemer Road 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 Welwyn Garden City 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
1, Archfield, Welwyn Garden City £320,000
Feb-2024
75 4,266
Flat 8 Woolworth House, Bessemer Rd, Welwyn Garden City £100,500
Jan-2024
70 1,435
47, The Swallows, Welwyn Garden City £257,500
Jan-2024
57 4,517

See the entire list of all sales in Welwyn Garden City (AL7 1) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.