Feb 07, 2023 by HM

# House prices in Padiham (BB12 7)

## Defining 'BB12 7'

This analysis is limited to properties whose postcode starts with "BB12 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 Padiham 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. 29, St Annes Street, Padiham, sold for £55,000 on Feb-2024. Given the internal area of 79 square metres, the price per sqm is £696.

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 224 sales in Padiham (BB12 7) that took place in the last two years.

##### Distribution of £ per sqm for Padiham (BB12 7)
Distribution of £ per sqm house prices in Padiham

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 Padiham (BB12 7). Of the 224 transactions, half were sold for between £1,030 and £2,360 per square metre. The median, or 'middle', price per square metre in 'BB12 7' is £1,440. Notably, only 25% of properties that sold recently were valued at more than £2,360m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

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 Padiham. 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.

## Comparison with neighbouring postcode sectors

The table below shows how 'BB12 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BB12 8 Padiham £1,000m2 £1,410m2 £2,070m2
BB12 9 Fence £2,410m2 £2,710m2 £3,120m2
BB12 0 Burnley £1,010m2 £1,890m2 £2,420m2
BB12 6 Burnley £1,000m2 £1,250m2 £1,840m2
BB12 7 Padiham £1,030m2 £1,440m2 £2,360m2

## Will Padiham 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 BB12 7 (Padiham). 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 BB12 7 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Padiham (BB12 7) over time

Hover on any blue dot to see details of specific sales

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

## Street level data

Street Avg size Avg £/m2 Recent sales
Russell Terrace, Padiham, BB12 7H 75m2 £835 14
Green Street, Padiham, BB12 7A 74m2 £932 13
St Annes Street, Padiham, BB12 7A 84m2 £978 13
Palmerston Street, Padiham, BB12 7E 69m2 £1,273 13

## Raw data

Our analysis of Padiham 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.