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).


Defining 'BB1 4'

This analysis is limited to properties whose postcode starts with "BB1 4", 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 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. 7, Elm Close, Rishton, Blackburn, sold for £170,000 on Jan-2024. Given the internal area of 78 square metres, the price per sqm is £2,179.

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. £1,800-£2,000, £2,000-£2,200, £2,200-£2,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 198 sales in Rishton (BB1 4) that took place in the last two years.

Distribution of £ per sqm for Rishton (BB1 4)
Distribution of £ per sqm house prices in Rishton

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 Rishton (BB1 4). Of the 198 transactions, half were sold for between £1,030 and £2,080 per square metre. The median, or 'middle', price per square metre in 'BB1 4' is £1,250. Notably, only 25% of properties that sold recently were valued at more than £2,080m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Rishton

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 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.

Property price heatmap for Rishton
House price heatmap for Rishton

Comparison with neighbouring postcode sectors

The table below shows how 'BB1 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BB1 1 Blackburn £1,020m2 £1,320m2 £1,700m2
BB1 4 Rishton £1,030m2 £1,250m2 £2,080m2
BB1 9 Wilpshire £1,550m2 £2,050m2 £2,600m2
BB1 5 Blackburn £1,210m2 £1,630m2 £2,060m2
BB1 8 Blackburn £1,390m2 £1,900m2 £2,320m2
BB1 2 Guide £1,200m2 £1,550m2 £1,980m2
BB1 3 Knuzden £1,210m2 £1,550m2 £2,170m2
BB1 7 Blackburn £1,190m2 £1,330m2 £1,480m2
BB1 6 Blackburn £1,170m2 £1,310m2 £1,600m2

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.

Price per square metre in Rishton (BB1 4) over time
House price trends for Rishton

Hover on any blue dot to see details of specific sales

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.

Street level data

Street Avg size Avg £/m2 Recent sales
Spring Street, Rishton, BB1 4L 79m2 £868 29
Hermitage Street, Rishton, BB1 4N 95m2 £907 24
Talbot Street, Rishton, BB1 4N 82m2 £1,005 16
Burton Street, Rishton, BB1 4P 78m2 £832 15
Tomlinson Place, Rishton, BB1 4A 73m2 £2,019 15
Cliff Street, Rishton, BB1 4E 93m2 £1,006 15
Harwood Road, Rishton, BB1 4D 94m2 £1,242 12
Brook Street, Rishton, BB1 4D 80m2 £986 11

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
7, Elm Close, Rishton, Blackburn £170,000
Jan-2024
78 2,179
106, Hermitage St, Rishton, Blackburn £141,000
Jan-2024
109 1,293
12, Burton St, Rishton, Blackburn £57,000
Jan-2024
96 593

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