Feb 07, 2023 by HM

House prices in Rising Bridge (BB5 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Rising Bridge (BB5 2).

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Price per square metre

Knowing the average house price in Rising Bridge 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. 25, Midland Street, Rising Bridge, Accrington, sold for £165,000 on Sep-2023. Given the internal area of 87 square metres, the price per sqm is £1,896.

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. £1,900-£2,000, £2,000-£2,100, £2,100-£2,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 206 sales in Rising Bridge (BB5 2) 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 Rising Bridge (BB5 2). Of the 206 transactions, half were sold for between £1,130 and £2,330 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,330m². 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 2' is £1,620. The table below shows how 'BB5 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BB5 0 Oswaldtwistle	£780m2	£940m2	£1,340m2
BB5 1 Accrington	£730m2	£930m2	£1,080m2
BB5 3 Oswaldtwistle	£1,080m2	£1,390m2	£1,940m2
BB5 5 Clayton Le Moors	£1,020m2	£1,410m2	£2,070m2
BB5 6 Huncoat	£970m2	£1,210m2	£1,750m2
BB5 2 Rising Bridge	£1,130m2	£1,620m2	£2,330m2
BB5 4 Oswaldtwistle	£990m2	£1,300m2	£2,010m2

Will Rising Bridge 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 2 (Rising Bridge). 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 2 and the blue dots are the individual property sales that inform this trend.

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

Price map for Rising Bridge

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 Rising Bridge. 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 Rising Bridge

Street level data

Street	Avg size	Avg £/m2	Recent sales
Manchester Road, Rising Bridge, BB5 2Q	85m2	£1,389	31
Oakwood Road, Rising Bridge, BB5 2P	89m2	£1,890	15
Coleridge Drive, Rising Bridge, BB5 2P	91m2	£2,299	14
Woodfield Avenue, Rising Bridge, BB5 2P	124m2	£2,405	13
Ascot Way, Rising Bridge, BB5 2A	76m2	£2,156	12
Hollins Lane, Rising Bridge, BB5 2L	156m2	£1,928	11
Manchester Road, Rising Bridge, BB5 2N	102m2	£1,358	11
Sandy Lane, Rising Bridge, BB5 2A	90m2	£1,586	10

Search for your street here.

Raw data

Our analysis of Rising Bridge 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
25, Midland St, Rising Bridge, Accrington	£165,000 Sep-2023	87	1,896
581, Manchester Rd, Rising Bridge, Accrington	£135,000 Aug-2023	155	870
51, Barnfield St, Rising Bridge, Accrington	£103,000 Aug-2023	87	1,183

See the entire list of all sales in Rising Bridge (BB5 2) here.