Feb 07, 2023 by HM

House prices in Accrington (BB5 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Accrington (BB5 1).

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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. 2, Countess Street, Accrington, sold for £95,000 on Aug-2023. Given the internal area of 100 square metres, the price per sqm is £950.

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. £900-£1,000, £1,000-£1,100, £1,100-£1,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 76 sales in Accrington (BB5 1) 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 Accrington (BB5 1). Of the 76 transactions, half were sold for between £750 and £1,080 per square metre. Notably, only 25% of properties that sold recently were valued at more than £1,080m². 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 'BB5 1' is £930. The table below shows how 'BB5 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BB5 0 Oswaldtwistle	£760m2	£920m2	£1,280m2
BB5 1 Accrington	£750m2	£930m2	£1,080m2
BB5 3 Oswaldtwistle	£1,080m2	£1,390m2	£1,940m2
BB5 6 Huncoat	£970m2	£1,210m2	£1,750m2
BB5 2 Rising Bridge	£1,070m2	£1,610m2	£2,310m2
BB5 4 Oswaldtwistle	£970m2	£1,300m2	£2,010m2
BB5 5 Clayton Le Moors	£1,020m2	£1,420m2	£2,070m2

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 scatter plot below for BB5 1 (Accrington). 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 BB5 1 and the blue dots are the individual property sales that inform this trend.

Disclaimer: 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. 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 Accrington data or any other data I am given.

Price map for Accrington

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

House price heatmap for Accrington

Street level data

Street	Avg size	Avg £/m2	Recent sales
Devonshire Street, Accrington, BB5 1D	88m2	£948	25
Derby Street, Accrington, BB5 1B	61m2	£832	16
Emma Street, Accrington, BB5 1S	77m2	£729	15
Hood Street, Accrington, BB5 1B	71m2	£639	12
Dowry Street, Accrington, BB5 1A	70m2	£767	11
Countess Street, Accrington, BB5 1S	87m2	£769	9
Burnley Road, Accrington, BB5 1A	100m2	£1,071	7
Mason Street, Accrington, BB5 1B	59m2	£777	7

Search for your street here.

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.

Address	Paid	m2	£/m2
2, Countess St, Accrington	£95,000 Aug-2023	100	950
72, Princess St, Accrington	£68,000 Jul-2023	104	653
25, India St, Accrington	£63,000 Jul-2023	73	863

See the entire list of all sales in Accrington (BB5 1) here.