Feb 07, 2023 by HM

# House prices in Rawtenstall (BB4 7)

## Defining 'BB4 7'

This analysis is limited to properties whose postcode starts with "BB4 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 Rawtenstall 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. 675, Bacup Road, Rawtenstall, Haslingden, sold for £203,000 on Feb-2024. Given the internal area of 104 square metres, the price per sqm is £1,951.

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 142 sales in Rawtenstall (BB4 7) that took place in the last two years.

##### Distribution of £ per sqm for Rawtenstall (BB4 7)
Distribution of £ per sqm house prices in Rawtenstall

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 Rawtenstall (BB4 7). Of the 142 transactions, half were sold for between £1,470 and £2,490 per square metre. The median, or 'middle', price per square metre in 'BB4 7' is £2,000. Notably, only 25% of properties that sold recently were valued at more than £2,490m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Rawtenstall

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 Rawtenstall. 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.

House price heatmap for Rawtenstall

## Comparison with neighbouring postcode sectors

The table below shows how 'BB4 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BB4 8 Rawtenstall £1,830m2 £2,300m2 £2,840m2
BB4 4 Haslingden £2,260m2 £2,750m2 £3,340m2
BB4 7 Rawtenstall £1,470m2 £2,000m2 £2,490m2
BB4 9 Waterfoot £1,420m2 £1,880m2 £2,250m2
BB4 5 Haslingden £1,150m2 £1,410m2 £1,640m2
BB4 6 Haslingden £1,870m2 £2,420m2 £3,050m2

## Will Rawtenstall 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 BB4 7 (Rawtenstall). 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 BB4 7 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Rawtenstall (BB4 7) over time
House price trends for Rawtenstall

Hover on any blue dot to see details of specific sales

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

## Street level data

Street Avg size Avg £/m2 Recent sales
Bacup Road, Rawtenstall, BB4 7N 89m2 £2,109 29
Newchurch Road, Rawtenstall, BB4 7S 117m2 £3,158 15
Queensway, Rawtenstall, BB4 7U 74m2 £1,508 12
Newchurch Road, Rawtenstall, BB4 7T 136m2 £2,807 10
Townsend Street, Rawtenstall, BB4 7A 75m2 £1,244 10
Top Barn Lane, Rawtenstall, BB4 7U 78m2 £1,671 8
Staghills Road, Rawtenstall, BB4 7T 82m2 £1,552 7
Bacup Road, Rawtenstall, BB4 7J 68m2 £1,246 7

## Raw data

Our analysis of Rawtenstall 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.