Feb 07, 2023 by HM

House prices in Welwyn Garden City (AL7 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Welwyn Garden City (AL7 3).

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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. 3, Mill Green Road, Welwyn Garden City, sold for £290,000 on Sep-2023. Given the internal area of 48 square metres, the price per sqm is £6,041.

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. £5,800-£6,000, £6,000-£6,200, £6,200-£6,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 194 sales in Welwyn Garden City (AL7 3) that took place in the last two years.

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.

That said, the spread of prices will give you a feel of the typical range to expect in Welwyn Garden City (AL7 3). Of the 194 transactions, half were sold for between £4,430 and £5,670 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,670m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'AL7 3' is £4,900. The table below shows how 'AL7 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
AL7 2 Welwyn Garden City	£4,250m2	£4,890m2	£5,650m2
AL7 4 Welwyn Garden City	£4,280m2	£4,850m2	£5,400m2
AL7 3 Welwyn Garden City	£4,430m2	£4,900m2	£5,670m2
AL7 1 Welwyn Garden City	£3,950m2	£4,400m2	£4,930m2

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 3 (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 3 and the blue dots are the individual property sales that inform this trend.

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.

Price map for Welwyn Garden City

I've just finished coding the map I link to below. 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. I will explain more about the methodology and create a key next week.

House price heatmap for Welwyn Garden City

Street level data

Street	Avg size	Avg £/m2	Recent sales
Otto Road, Welwyn Garden City, AL7 3E	58m2	£4,674	26
Knella Road, Welwyn Garden City, AL7 3N	76m2	£4,997	22
Duncan Close, Welwyn Garden City, AL7 3X	54m2	£5,599	17
Cole Green Lane, Welwyn Garden City, AL7 3P	58m2	£4,118	17
Bushey Ley, Welwyn Garden City, AL7 3H	88m2	£4,563	15
Penn Way, Welwyn Garden City, AL7 3E	91m2	£3,655	13
Broadwater Crescent, Welwyn Garden City, AL7 3T	72m2	£4,378	13
Sweet Briar, Welwyn Garden City, AL7 3E	89m2	£4,188	12

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Broadwater Road, Welwyn Garden City, AL7 3F	57m2	£4,827	44

Broadwater Road, Welwyn Garden City, AL7 3F has seen 44 new build sales in the last 4 years (average price £292,462). These new build homes typically have an internal area of 57 m2, with an average price of £4,827 m2. This £sqm average is £-73 below the average for AL7 3. New builds typically command a £ per sqm premium. In the case of Broadwater 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
3, Mill Green Rd, Welwyn Garden City	£290,000 Sep-2023	48	6,041
121, Salisbury Rd, Welwyn Garden City	£430,000 Aug-2023	68	6,323
6, Blackthorn Rd, Welwyn Garden City	£575,000 Aug-2023	94	6,117

See the entire list of all sales in Welwyn Garden City (AL7 3) here.