Feb 07, 2023 by HM

House prices in Barn Close (BB2 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Barn Close (BB2 3).

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Price per square metre

Knowing the average house price in Barn Close 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. 12, Whitehaven Close, Barn Close, Blackburn, sold for £59,500 on Oct-2023. Given the internal area of 87 square metres, the price per sqm is £683.

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 210 sales in Barn Close (BB2 3) 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 Barn Close (BB2 3). Of the 210 transactions, half were sold for between £940 and £1,820 per square metre. Notably, only 25% of properties that sold recently were valued at more than £1,820m². 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 'BB2 3' is £1,240. The table below shows how 'BB2 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BB2 1 Barn Close	£950m2	£1,080m2	£1,350m2
BB2 7 Mellor	£2,110m2	£2,460m2	£2,780m2
BB2 6 Pleasington	£1,090m2	£1,350m2	£1,610m2
BB2 5 Feniscowles	£2,040m2	£2,300m2	£2,550m2
BB2 3 Barn Close	£940m2	£1,240m2	£1,820m2
BB2 2 Blackburn	£980m2	£1,190m2	£1,440m2
BB2 4 Feniscowles	£930m2	£1,250m2	£2,020m2

Will Barn Close 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 BB2 3 (Barn Close). 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 BB2 3 and the blue dots are the individual property sales that inform this trend.

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

Price map for Barn Close

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 Barn Close. 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 Barn Close

Street level data

Street	Avg size	Avg £/m2	Recent sales
Lynthorpe Road, Barn Close, BB2 3P	93m2	£878	17
Marlton Road, Barn Close, BB2 3L	88m2	£878	15
Haslingden Road, Barn Close, BB2 3H	76m2	£1,539	13
Rockcliffe Street, Barn Close, BB2 3A	83m2	£1,014	13
Sunny Bank Road, Barn Close, BB2 3N	102m2	£1,210	11
Meadowbrook Rise, Barn Close, BB2 3J	92m2	£1,882	10
Whitaker Drive, Barn Close, BB2 3L	83m2	£1,822	10
Lindisfarne Avenue, Barn Close, BB2 3E	64m2	£1,905	10

Search for your street here.

Raw data

Our analysis of Barn Close 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
12, Whitehaven Close, Barn Close, Blackburn	£59,500 Oct-2023	87	683
118, Infirmary St, Barn Close, Blackburn	£61,000 Sep-2023	75	813
49, Peel Close, Barn Close, Blackburn	£60,000 Sep-2023	76	789

See the entire list of all sales in Barn Close (BB2 3) here.