Feb 07, 2023 by HM

House prices in Feniscowles (BB2 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Feniscowles (BB2 5).

---

Price per square metre

Knowing the average house price in Feniscowles 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. 6, St Davids Avenue, Feniscowles, Blackburn, sold for £165,000 on Oct-2023. Given the internal area of 68 square metres, the price per sqm is £2,426.

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 189 sales in Feniscowles (BB2 5) 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 Feniscowles (BB2 5). Of the 189 transactions, half were sold for between £2,040 and £2,550 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,550m². 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 5' is £2,300. The table below shows how 'BB2 5' 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 Feniscowles 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 5 (Feniscowles). 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 5 and the blue dots are the individual property sales that inform this trend.

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

Price map for Feniscowles

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 Feniscowles. 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 Feniscowles

Street level data

Street	Avg size	Avg £/m2	Recent sales
Preston Old Road, Feniscowles, BB2 5L	82m2	£1,773	31
Kentmere Drive, Feniscowles, BB2 5H	88m2	£2,100	15
Preston Old Road, Feniscowles, BB2 5N	120m2	£1,652	14
St Michaels Close, Feniscowles, BB2 5D	66m2	£2,396	13
Old Gates Drive, Feniscowles, BB2 5B	103m2	£2,313	13
Livesey Branch Road, Feniscowles, BB2 5D	95m2	£2,132	13
Moorland Drive, Feniscowles, BB2 5D	105m2	£2,243	13
The Crescent, Feniscowles, BB2 5N	103m2	£2,358	13

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Bluebell Way, Feniscowles, BB2 5F	137m2	£2,275	15
Harriets Heights, Feniscowles, BB2 5F	118m2	£2,254	14
Orchard Gardens, Feniscowles, BB2 5F	120m2	£2,263	15
The Fallows, Feniscowles, BB2 5F	108m2	£2,441	12

Bluebell Way, Feniscowles, BB2 5F has seen 15 new build sales in the last 4 years (average price £314,936). These new build homes typically have an internal area of 137 m2, with an average price of £2,275 m2. This £sqm average is £-25 below the average for BB2 5. New builds typically command a £ per sqm premium. In the case of Bluebell Way the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Feniscowles 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
6, St Davids Avenue, Feniscowles, Blackburn	£165,000 Oct-2023	68	2,426
334, Preston Old Rd, Feniscowles, Blackburn	£175,000 Aug-2023	112	1,562
93, Kentmere Drive, Feniscowles, Blackburn	£220,000 Aug-2023	107	2,056

See the entire list of all sales in Feniscowles (BB2 5) here.