# House prices in BB5 0 (Accrington)

## Defining 'BB5 0'

This analysis is limited to properties whose postcode starts with "BB5 0", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Accrington.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Accrington 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. 17, Corporation Street, Accrington, sold for £56,000 on Apr-2024. Given the internal area of 74 square metres, the price per sqm is £756.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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. etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 187 sales in Accrington (BB5 0) that took place in the last two years.

##### Distribution of £ per sqm for Accrington
Distribution of £ per sqm house prices in Accrington

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 Accrington (BB5 0). Of the 187 transactions, half were sold for between £750 and £1,330 per square metre. The median, or 'middle', price per square metre in 'BB5 0' is £950. Notably, only 25% of properties that sold recently were valued at more than £1,330 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Accrington

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 Accrington. 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 Accrington

## Comparison with neighbouring postcode sectors

The table below shows how 'BB5 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BB5 1 Accrington £700 sqm £940 sqm £1,100 sqm
BB5 3 Oswaldtwistle £1,060 sqm £1,400 sqm £1,900 sqm
BB5 4 Oswaldtwistle £990 sqm £1,320 sqm £2,000 sqm
BB5 6 Accrington £970 sqm £1,190 sqm £1,740 sqm
BB5 2 Accrington £1,190 sqm £1,780 sqm £2,420 sqm
BB5 5 Clayton Le Moors £1,050 sqm £1,430 sqm £2,080 sqm
BB5 0 Accrington £750 sqm £950 sqm £1,330 sqm

## Will Accrington 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 chart below for BB5 0 (Accrington) compared with both the wider area BB5 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Accrington,Accrington
House price trends for Accrington

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent BB5 0 sales
Recent trends for Accrington

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Accrington to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Accrington 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Spring Street, Accrington, BB5 0H 80 sqm £790 41
Edleston Street, Accrington, BB5 0H 76 sqm £864 24
Abbeydale Way, Accrington, BB5 0E 84 sqm £1,688 20
Lydia Street, Accrington, BB5 0P 83 sqm £721 16
Spring Hill Road, Accrington, BB5 0E 80 sqm £746 15
Lonsdale Street, Accrington, BB5 0H 92 sqm £944 14
Sharples Street, Accrington, BB5 0H 84 sqm £656 13
Charter Street, Accrington, BB5 0S 93 sqm £754 13

## Raw data

Our analysis of Accrington 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.