Feb 07, 2023 by HM

House prices in Rawtenstall (BB4 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Rawtenstall (BB4 8).

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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. 19, York Street, Rawtenstall, Haslingden, sold for £230,000 on Sep-2023. Given the internal area of 100 square metres, the price per sqm is £2,300.

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 237 sales in Rawtenstall (BB4 8) 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 Rawtenstall (BB4 8). Of the 237 transactions, half were sold for between £1,750 and £2,820 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,820m². 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 'BB4 8' is £2,240. The table below shows how 'BB4 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BB4 9 Waterfoot	£1,370m2	£1,740m2	£2,240m2
BB4 8 Rawtenstall	£1,750m2	£2,240m2	£2,820m2
BB4 5 Haslingden	£1,150m2	£1,410m2	£1,720m2
BB4 6 Haslingden	£1,880m2	£2,550m2	£3,150m2
BB4 4 Haslingden	£2,220m2	£2,710m2	£3,350m2
BB4 7 Rawtenstall	£1,420m2	£1,980m2	£2,540m2

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 8 (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 8 and the blue dots are the individual property sales that inform this trend.

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.

Price map for Rawtenstall

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

House price heatmap for Rawtenstall

Street level data

Street	Avg size	Avg £/m2	Recent sales
Burnley Road, Rawtenstall, BB4 8Q	91m2	£1,768	22
Burnley Road, Rawtenstall, BB4 8A	107m2	£1,608	19
Burnley Road, Rawtenstall, BB4 8B	102m2	£1,542	15
Margaret Street, Rawtenstall, BB4 8H	59m2	£2,001	14
Burnley Road, Rawtenstall, BB4 8R	95m2	£1,816	13
Hameldon Road, Rawtenstall, BB4 8R	95m2	£2,369	13
Haslingden Old Road, Rawtenstall, BB4 8R	125m2	£2,314	12
Burnley Road, Rawtenstall, BB4 8L	104m2	£1,706	11

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Unity Way, Rawtenstall, BB4 8U	96m2	£2,726	12

Unity Way, Rawtenstall, BB4 8U has seen 12 new build sales in the last 4 years (average price £263,261). These new build homes typically have an internal area of 96 m2, with an average price of £2,726 m2. This £sqm average is £486 above the average for BB4 8. New builds typically command a £ per sqm premium so this is normal.

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.

Address	Paid	m2	£/m2
19, York St, Rawtenstall, Haslingden	£230,000 Sep-2023	100	2,300
692, Burnley Rd, Rawtenstall, Haslingden	£170,000 Sep-2023	91	1,868
807, Burnley Rd, Rawtenstall, Haslingden	£150,000 Aug-2023	97	1,546

See the entire list of all sales in Rawtenstall (BB4 8) here.