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).


Defining 'BB4 8'

This analysis is limited to properties whose postcode starts with "BB4 8", 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. 7, Pendleton Avenue, Rawtenstall, Haslingden, sold for £450,000 on Feb-2024. Given the internal area of 151 square metres, the price per sqm is £2,980.

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 228 sales in Rawtenstall (BB4 8) that took place in the last two years.

Distribution of £ per sqm for Rawtenstall (BB4 8)
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 8). Of the 228 transactions, half were sold for between £1,830 and £2,840 per square metre. The median, or 'middle', price per square metre in 'BB4 8' is £2,300. Notably, only 25% of properties that sold recently were valued at more than £2,840m2. 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.

Property price heatmap for Rawtenstall
House price heatmap for Rawtenstall

Comparison with neighbouring postcode sectors

The table below shows how 'BB4 8' 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 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.

Price per square metre in Rawtenstall (BB4 8) 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
Burnley Road, Rawtenstall, BB4 8Q 91m2 £1,752 21
Burnley Road, Rawtenstall, BB4 8A 106m2 £1,635 20
Burnley Road, Rawtenstall, BB4 8B 102m2 £1,627 15
Margaret Street, Rawtenstall, BB4 8H 59m2 £2,092 14
Burnley Road, Rawtenstall, BB4 8R 96m2 £1,888 13
Haslingden Old Road, Rawtenstall, BB4 8R 125m2 £2,455 13
Holly Mount Way, Rawtenstall, BB4 8F 85m2 £2,399 11
Burnley Road, Rawtenstall, BB4 8L 104m2 £1,706 11

Search for your street here.

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
7, Pendleton Avenue, Rawtenstall, Haslingden £450,000
Feb-2024
151 2,980
727, Burnley Rd, Rawtenstall, Haslingden £166,500
Jan-2024
95 1,752
3, Chapel St, Rawtenstall, Haslingden £139,950
Jan-2024
62 2,257

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

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.