Feb 07, 2023 by HM

House prices in Welwyn Garden City (AL8 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Welwyn Garden City (AL8 7).


Defining 'AL8 7'

This analysis is limited to properties whose postcode starts with "AL8 7", 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. 26, Byfield, Welwyn Garden City, sold for £385,000 on Feb-2024. Given the internal area of 86 square metres, the price per sqm is £4,476.

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. £6,700-£7,000, £7,000-£7,300, £7,300-£7,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 136 sales in Welwyn Garden City (AL8 7) that took place in the last two years.

Distribution of £ per sqm for Welwyn Garden City (AL8 7)
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 (AL8 7). Of the 136 transactions, half were sold for between £4,940 and £6,410 per square metre. The median, or 'middle', price per square metre in 'AL8 7' is £5,660. Notably, only 25% of properties that sold recently were valued at more than £6,410m2. 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 'AL8 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
AL8 7 Welwyn Garden City £4,940m2 £5,660m2 £6,410m2
AL8 6 Welwyn Garden City £5,360m2 £6,090m2 £7,000m2

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 AL8 7 (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 AL8 7 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Welwyn Garden City (AL8 7) 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
Haymeads, Welwyn Garden City, AL8 7A 71m2 £4,069 12
Oakdale, Welwyn Garden City, AL8 7Q 87m2 £5,253 12
Harwood Close, Welwyn Garden City, AL8 7S 59m2 £5,692 12
Great North Road, Welwyn Garden City, AL8 7T 92m2 £5,137 11
Lemsford Village, Welwyn Garden City, AL8 7T 113m2 £6,277 9
Brockswood Lane, Welwyn Garden City, AL8 7B 133m2 £6,021 9
The Vineyard, Welwyn Garden City, AL8 7P 80m2 £4,917 8
Blakemere Road, Welwyn Garden City, AL8 7P 106m2 £6,865 8

Search for your street here.

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
9, Monks Rise, Welwyn Garden City £510,000
Feb-2024
107 4,766
26, Byfield, Welwyn Garden City £385,000
Feb-2024
86 4,476
53, Great North Rd, Welwyn Garden City £585,000
Nov-2023
85 6,882

See the entire list of all sales in Welwyn Garden City (AL8 7) 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.