Feb 07, 2023 by HM

House prices in Padiham (BB12 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Padiham (BB12 7).

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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. 9, Hambledon View, Padiham, sold for £136,000 on Aug-2023. Given the internal area of 86 square metres, the price per sqm is £1,581.

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. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 226 sales in Padiham (BB12 7) 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 Padiham (BB12 7). Of the 226 transactions, half were sold for between £990 and £2,320 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,320m². 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 'BB12 7' is £1,380. 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	£1,420m2	£2,070m2
BB12 9 Fence	£2,370m2	£2,690m2	£3,070m2
BB12 7 Padiham	£990m2	£1,380m2	£2,320m2
BB12 0 Burnley	£1,040m2	£2,020m2	£2,490m2
BB12 6 Burnley	£980m2	£1,250m2	£1,890m2

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.

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.

Price map for Padiham

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 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. I will explain more about the methodology and create a key next week.

House price heatmap for Padiham

Street level data

Street	Avg size	Avg £/m2	Recent sales
Stockbridge Road, Padiham, BB12 7E	71m2	£772	15
Palmerston Street, Padiham, BB12 7E	68m2	£1,179	15
Stockbridge Road, Padiham, BB12 7H	74m2	£762	14
Whalley Road, Padiham, BB12 7P	99m2	£1,371	14
Russell Terrace, Padiham, BB12 7H	75m2	£813	13
Green Street, Padiham, BB12 7A	74m2	£932	13
Beech Street, Padiham, BB12 7E	70m2	£935	12
St Annes Street, Padiham, BB12 7A	83m2	£1,013	11

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Pollard Road, Padiham, BB12 7F	72m2	£2,102	22
Grimshaw Road, Padiham, BB12 7F	76m2	£2,002	9

Pollard Road, Padiham, BB12 7F has seen 22 new build sales in the last 4 years (average price £147,996). These new build homes typically have an internal area of 72 m2, with an average price of £2,102 m2. This £sqm average is £722 above the average for BB12 7. New builds typically command a £ per sqm premium so this is normal.

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.

Address	Paid	m2	£/m2
9, Hambledon View, Padiham	£136,000 Aug-2023	86	1,581
2, Fountains Avenue, Padiham	£380,000 Aug-2023	126	3,015
38, Whalley Rd, Padiham	£183,000 Jul-2023	102	1,794

See the entire list of all sales in Padiham (BB12 7) here.