Feb 07, 2023 by HM

House prices in Rishton (BB1 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Rishton (BB1 4).

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Price per square metre

Knowing the average house price in Rishton 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. 111, Spring Street, Rishton, Blackburn, sold for £63,000 on Sep-2023. Given the internal area of 87 square metres, the price per sqm is £724.

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. £1,900-£2,000, £2,000-£2,100, £2,100-£2,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 207 sales in Rishton (BB1 4) 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 Rishton (BB1 4). Of the 207 transactions, half were sold for between £1,000 and £2,060 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,060m². 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 'BB1 4' is £1,210. The table below shows how 'BB1 4' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BB1 1 Blackburn	£1,000m2	£1,290m2	£1,640m2
BB1 4 Rishton	£1,000m2	£1,210m2	£2,060m2
BB1 6 Blackburn	£1,160m2	£1,310m2	£1,530m2
BB1 2 Guide	£1,190m2	£1,520m2	£1,950m2
BB1 3 Knuzden	£1,180m2	£1,440m2	£2,120m2
BB1 7 Blackburn	£1,130m2	£1,290m2	£1,470m2
BB1 5 Blackburn	£1,200m2	£1,540m2	£2,040m2
BB1 9 Wilpshire	£1,510m2	£1,960m2	£2,530m2
BB1 8 Blackburn	£1,390m2	£1,930m2	£2,300m2

Will Rishton 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 BB1 4 (Rishton). 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 BB1 4 and the blue dots are the individual property sales that inform this trend.

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

Price map for Rishton

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 Rishton. 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 Rishton

Street level data

Street	Avg size	Avg £/m2	Recent sales
Spring Street, Rishton, BB1 4L	79m2	£795	29
Hermitage Street, Rishton, BB1 4N	95m2	£889	21
Harwood Road, Rishton, BB1 4D	94m2	£1,199	17
Talbot Street, Rishton, BB1 4N	82m2	£994	16
Tomlinson Place, Rishton, BB1 4A	73m2	£2,000	16
Burton Street, Rishton, BB1 4P	78m2	£825	15
Cliff Street, Rishton, BB1 4E	93m2	£995	14
Brook Street, Rishton, BB1 4D	80m2	£919	14

Search for your street here.

Raw data

Our analysis of Rishton 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
111, Spring St, Rishton, Blackburn	£63,000 Sep-2023	87	724
133, Spring St, Rishton, Blackburn	£82,000 Sep-2023	76	1,078
85, Talbot St, Rishton, Blackburn	£100,000 Sep-2023	87	1,149

See the entire list of all sales in Rishton (BB1 4) here.