# House prices in BB5 3 (Oswaldtwistle)

This article reveals price per square metre data and various charts to help you understand current housing market in Oswaldtwistle, Accrington (BB5 3).

## Defining 'BB5 3'

This analysis is limited to properties whose postcode starts with "BB5 3", 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 Oswaldtwistle.

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 Oswaldtwistle 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. 13, Pine Crescent, Oswaldtwistle, Accrington, sold for £280,000 on Mar-2024. Given the internal area of 80 square metres, the price per sqm is £3,500.

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. £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 221 sales in Oswaldtwistle (BB5 3) that took place in the last two years.

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

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 Oswaldtwistle (BB5 3). Of the 221 transactions, half were sold for between £1,060 and £1,900 per square metre. The median, or 'middle', price per square metre in 'BB5 3' is £1,390. Notably, only 25% of properties that sold recently were valued at more than £1,900 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 Oswaldtwistle, 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 Oswaldtwistle, Accrington

## Comparison with neighbouring postcode sectors

The table below shows how 'BB5 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BB5 0 Accrington £780 sqm £960 sqm £1,420 sqm
BB5 2 Accrington £1,160 sqm £1,650 sqm £2,360 sqm
BB5 5 Clayton Le Moors £1,040 sqm £1,420 sqm £2,060 sqm
BB5 1 Accrington £700 sqm £940 sqm £1,110 sqm
BB5 3 Oswaldtwistle £1,060 sqm £1,390 sqm £1,900 sqm
BB5 4 Oswaldtwistle £990 sqm £1,300 sqm £2,000 sqm
BB5 6 Accrington £960 sqm £1,190 sqm £1,700 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 3 (Oswaldtwistle) 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 Oswaldtwistle,Accrington
House price trends for Oswaldtwistle

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 3 sales
Recent trends for Oswaldtwistle

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
Roe Greave Road, Oswaldtwistle, BB5 3Q 85 sqm £1,166 41
New Lane, Oswaldtwistle, BB5 3P 93 sqm £1,167 19
Stanley Street, Oswaldtwistle, BB5 3P 92 sqm £956 19
Trinity Street, Oswaldtwistle, BB5 3Q 84 sqm £957 16
Catlow Hall Street, Oswaldtwistle, BB5 3E 99 sqm £1,019 16
Rhyddings Street, Oswaldtwistle, BB5 3E 105 sqm £1,263 14
New Lane, Oswaldtwistle, BB5 3Q 91 sqm £1,639 14
High Street, Oswaldtwistle, BB5 3B 83 sqm £1,426 13

## New build activity

Street Avg size Avg £sqm New build sales
Brear Vale, Oswaldtwistle, BB5 3R 106 sqm £2,118 16

Brear Vale, Oswaldtwistle, BB5 3R has seen 16 new build sales in the last 4 years (average price £319,523). These new build homes typically have an internal area of 106 sqm, with an average price of £2,118 sqm. This £sqm average is £728 above the average for BB5 3. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of Oswaldtwistle 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.