Feb 07, 2023 by HM

House prices in Clitheroe (BB7 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Clitheroe (BB7 2).

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Price per square metre

Knowing the average house price in Clitheroe 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. 1, Wyre Close, Clitheroe, sold for £335,000 on Oct-2023. Given the internal area of 113 square metres, the price per sqm is £2,964.

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 212 sales in Clitheroe (BB7 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 Clitheroe (BB7 2). Of the 212 transactions, half were sold for between £2,130 and £2,880 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,880m². 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 2' is £2,430. The table below shows how 'BB7 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BB7 3 Waddington	£2,530m2	£3,280m2	£3,800m2
BB7 1 Pendleton	£1,840m2	£2,120m2	£2,860m2
BB7 2 Clitheroe	£2,130m2	£2,430m2	£2,880m2
BB7 4 Chatburn	£2,250m2	£2,820m2	£3,350m2
BB7 9 Whalley	£2,300m2	£2,910m2	£3,480m2

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

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

Price map for Clitheroe

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 Clitheroe. 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 Clitheroe

Street level data

Street	Avg size	Avg £/m2	Recent sales
Well Terrace, Clitheroe, BB7 2A	50m2	£2,402	22
Lune Road, Clitheroe, BB7 2F	99m2	£2,392	19
Pimlico Road, Clitheroe, BB7 2A	113m2	£1,879	18
Chatburn Road, Clitheroe, BB7 2A	104m2	£1,918	18
Henthorn Road, Clitheroe, BB7 2L	89m2	£1,803	13
Waddington Road, Clitheroe, BB7 2H	125m2	£2,492	12
Kirkmoor Road, Clitheroe, BB7 2D	97m2	£1,840	11
Kemple View, Clitheroe, BB7 2Q	82m2	£2,448	11

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Greenfield Avenue, Clitheroe, BB7 2L	84m2	£2,627	17
Portchester Road, Clitheroe, BB7 2R	122m2	£2,611	10

Greenfield Avenue, Clitheroe, BB7 2L has seen 17 new build sales in the last 4 years (average price £227,473). These new build homes typically have an internal area of 84 m2, with an average price of £2,627 m2. This £sqm average is £197 above the average for BB7 2. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Clitheroe 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
1, Wyre Close, Clitheroe	£335,000 Oct-2023	113	2,964
19, Cowper Avenue, Clitheroe	£275,000 Sep-2023	92	2,989
8, Alleys Green, Clitheroe	£160,000 Sep-2023	56	2,857

See the entire list of all sales in Clitheroe (BB7 2) here.