Feb 07, 2023 by HM

House prices in Oswaldtwistle (BB5 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Oswaldtwistle (BB5 4).

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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. 65, Lion Street, Oswaldtwistle, Accrington, sold for £72,000 on Sep-2023. Given the internal area of 86 square metres, the price per sqm is £837.

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. £1,350-£1,500, £1,500-£1,650, £1,650-£1,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 280 sales in Oswaldtwistle (BB5 4) 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 Oswaldtwistle (BB5 4). Of the 280 transactions, half were sold for between £990 and £2,010 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,010m². 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 4' is £1,300. The table below shows how 'BB5 4' 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 Oswaldtwistle 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 4 (Oswaldtwistle). 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 4 and the blue dots are the individual property sales that inform this trend.

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

Price map for Oswaldtwistle

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 Oswaldtwistle. 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 Oswaldtwistle

Street level data

Street	Avg size	Avg £/m2	Recent sales
Dill Hall Lane, Oswaldtwistle, BB5 4D	96m2	£1,185	45
Westwood Street, Oswaldtwistle, BB5 4B	92m2	£906	23
Barnes Street, Oswaldtwistle, BB5 4J	81m2	£774	20
Blackburn Road, Oswaldtwistle, BB5 4N	105m2	£1,332	18
Lion Street, Oswaldtwistle, BB5 4J	83m2	£732	17
Blackburn Road, Oswaldtwistle, BB5 4L	94m2	£1,208	16
Stanhill Lane, Oswaldtwistle, BB5 4Q	102m2	£1,299	14
Norman Road, Oswaldtwistle, BB5 4N	99m2	£1,605	12

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Thwaites Road, Oswaldtwistle, BB5 4Q	89m2	£1,735	21
Millbank Place, Oswaldtwistle, BB5 4B	71m2	£1,992	27
Brookfield Grove, Oswaldtwistle, BB5 4B	91m2	£2,091	11
Cobble Close, Oswaldtwistle, BB5 4R	125m2	£1,676	10

Thwaites Road, Oswaldtwistle, BB5 4Q has seen 21 new build sales in the last 4 years (average price £153,813). These new build homes typically have an internal area of 89 m2, with an average price of £1,735 m2. This £sqm average is £435 above the average for BB5 4. 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.

Address	Paid	m2	£/m2
65, Lion St, Oswaldtwistle, Accrington	£72,000 Sep-2023	86	837
29, Dill Hall Lane, Oswaldtwistle, Accrington	£93,000 Sep-2023	87	1,068
29, Millbank Pl, Oswaldtwistle, Accrington	£145,000 Sep-2023	62	2,338

See the entire list of all sales in Oswaldtwistle (BB5 4) here.