Feb 07, 2023 by HM

House prices in Trawden (BB8 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Trawden (BB8 8).

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Price per square metre

Knowing the average house price in Trawden 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. 101, Burnley Road, Trawden, Colne, sold for £65,000 on Aug-2023. Given the internal area of 100 square metres, the price per sqm is £650.

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 164 sales in Trawden (BB8 8) 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 Trawden (BB8 8). Of the 164 transactions, half were sold for between £1,160 and £2,210 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,210m². 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 'BB8 8' is £1,820. The table below shows how 'BB8 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BB8 0 Colne	£880m2	£1,170m2	£1,490m2
BB8 7 Foulridge	£1,880m2	£2,340m2	£2,940m2
BB8 9 Colne	£1,130m2	£1,380m2	£1,740m2
BB8 8 Trawden	£1,160m2	£1,820m2	£2,210m2

Will Trawden 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 BB8 8 (Trawden). 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 BB8 8 and the blue dots are the individual property sales that inform this trend.

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

Price map for Trawden

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 Trawden. 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 Trawden

Street level data

Street	Avg size	Avg £/m2	Recent sales
Floats Mill, Trawden, BB8 8T	95m2	£1,609	16
Burnley Road, Trawden, BB8 8D	99m2	£794	13
Burnley Road, Trawden, BB8 8J	113m2	£810	12
Hollin Hall, Trawden, BB8 8P	126m2	£2,630	9
Ivy Street, Trawden, BB8 8L	81m2	£1,255	8
South Valley Drive, Trawden, BB8 8B	90m2	£2,372	8
The Arches, Trawden, BB8 8F	49m2	£1,169	8
Burnley Road, Trawden, BB8 8L	83m2	£1,098	8

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Lanky Gardens, Trawden, BB8 8F	97m2	£2,010	19

Lanky Gardens, Trawden, BB8 8F has seen 19 new build sales in the last 4 years (average price £197,638). These new build homes typically have an internal area of 97 m2, with an average price of £2,010 m2. This £sqm average is £190 above the average for BB8 8. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Trawden 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
101, Burnley Rd, Trawden, Colne	£65,000 Aug-2023	100	650
193, Burnley Rd, Trawden, Colne	£91,000 Aug-2023	91	1,000
374, Burnley Rd, Trawden, Colne	£84,000 Aug-2023	68	1,235

See the entire list of all sales in Trawden (BB8 8) here.