Feb 07, 2023 by HM

House prices in Pendleton (BB7 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Pendleton (BB7 1).

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Price per square metre

Knowing the average house price in Pendleton 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. 9, Goosebutts Lane, Pendleton, Clitheroe, sold for £262,500 on Sep-2023. Given the internal area of 58 square metres, the price per sqm is £4,525.

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. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 247 sales in Pendleton (BB7 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 Pendleton (BB7 1). Of the 247 transactions, half were sold for between £1,830 and £2,820 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,820m². 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 'BB7 1' is £2,110. The table below shows how 'BB7 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BB7 3 Waddington	£2,480m2	£3,220m2	£3,810m2
BB7 2 Clitheroe	£2,120m2	£2,430m2	£2,870m2
BB7 4 Chatburn	£2,300m2	£2,840m2	£3,360m2
BB7 9 Whalley	£2,270m2	£2,890m2	£3,460m2
BB7 1 Pendleton	£1,830m2	£2,110m2	£2,820m2

Will Pendleton 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 BB7 1 (Pendleton). 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 BB7 1 and the blue dots are the individual property sales that inform this trend.

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

Price map for Pendleton

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 Pendleton. 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 Pendleton

Street level data

Street	Avg size	Avg £/m2	Recent sales
Woone Lane, Pendleton, BB7 1B	89m2	£1,744	19
Edward Drive, Pendleton, BB7 1F	75m2	£2,522	14
Salthill Road, Pendleton, BB7 1N	85m2	£1,609	13
Hayhurst Street, Pendleton, BB7 1N	73m2	£1,869	13
West View, Pendleton, BB7 1D	99m2	£1,994	12
Littlemoor Road, Pendleton, BB7 1E	91m2	£2,002	12
Lowergate, Pendleton, BB7 1A	79m2	£1,903	11
Wilson Street, Pendleton, BB7 1B	81m2	£1,687	11

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Pendlebrook, Pendleton, BB7 1G	83m2	£2,970	15
Pendleton Avenue, Pendleton, BB7 1F	95m2	£2,773	9
Springbrook, Pendleton, BB7 1G	88m2	£3,320	12
Legion Close, Pendleton, BB7 1G	86m2	£2,697	10

Pendlebrook, Pendleton, BB7 1G has seen 15 new build sales in the last 4 years (average price £220,854). These new build homes typically have an internal area of 83 m2, with an average price of £2,970 m2. This £sqm average is £860 above the average for BB7 1. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Pendleton 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
9, Goosebutts Lane, Pendleton, Clitheroe	£262,500 Sep-2023	58	4,525
64, Highfield Rd, Pendleton, Clitheroe	£179,000 Sep-2023	78	2,294
33, Highfield Rd, Pendleton, Clitheroe	£230,000 Aug-2023	91	2,527

See the entire list of all sales in Pendleton (BB7 1) here.