Feb 07, 2023 by HM

House prices in Earby (BB18 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Earby (BB18 6).

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Price per square metre

Knowing the average house price in Earby 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. 16, Riverside Terrace, Earby, Barnoldswick, sold for £132,000 on Sep-2023. Given the internal area of 84 square metres, the price per sqm is £1,571.

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 270 sales in Earby (BB18 6) 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 Earby (BB18 6). Of the 270 transactions, half were sold for between £1,390 and £2,270 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,270m². 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 'BB18 6' is £1,700. The table below shows how 'BB18 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BB18 6 Earby	£1,390m2	£1,700m2	£2,270m2
BB18 5 Barnoldswick	£1,430m2	£1,730m2	£2,210m2

Will Earby 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 BB18 6 (Earby). 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 BB18 6 and the blue dots are the individual property sales that inform this trend.

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

Price map for Earby

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 Earby. 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 Earby

Street level data

Street	Avg size	Avg £/m2	Recent sales
Colne Road, Earby, BB18 6T	85m2	£2,208	21
Lower East Avenue, Earby, BB18 6D	61m2	£1,661	15
Colne Road, Earby, BB18 6X	115m2	£1,112	14
Longroyd Road, Earby, BB18 6N	108m2	£1,350	12
Avon Drive, Earby, BB18 6E	71m2	£2,019	11
Lower West Avenue, Earby, BB18 6D	97m2	£1,162	11
Green End Avenue, Earby, BB18 6N	97m2	£1,042	11
Wellhouse Road, Earby, BB18 6D	103m2	£1,351	11

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Raikes Wood Close, Earby, BB18 6F	90m2	£2,364	9

Raikes Wood Close, Earby, BB18 6F has seen 9 new build sales in the last 4 years (average price £219,440). These new build homes typically have an internal area of 90 m2, with an average price of £2,364 m2. This £sqm average is £664 above the average for BB18 6. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Earby 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
16, Riverside Terrace, Earby, Barnoldswick	£132,000 Sep-2023	84	1,571
34, Shuttleworth St, Earby, Barnoldswick	£90,000 Aug-2023	56	1,607
33, Coates Lane, Earby, Barnoldswick	£265,000 Aug-2023	88	3,011

See the entire list of all sales in Earby (BB18 6) here.