Feb 07, 2023 by HM

House prices in Barrowford (BB9 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Barrowford (BB9 6).

---

Price per square metre

Knowing the average house price in Barrowford 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. 39, Church Street, Barrowford, Nelson, sold for £400,000 on Oct-2023. Given the internal area of 182 square metres, the price per sqm is £2,197.

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 99 sales in Barrowford (BB9 6) 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 Barrowford (BB9 6). Of the 99 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 'BB9 6' is £2,310. The table below shows how 'BB9 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BB9 8 Barrowford	£1,010m2	£1,340m2	£1,690m2
BB9 6 Barrowford	£1,830m2	£2,310m2	£2,820m2
BB9 0 Brierfield	£840m2	£1,190m2	£1,770m2
BB9 7 Nelson	£760m2	£890m2	£1,040m2
BB9 9 Nelson	£740m2	£920m2	£1,220m2
BB9 5 Brierfield	£850m2	£1,150m2	£1,890m2

Will Barrowford 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 BB9 6 (Barrowford). 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 BB9 6 and the blue dots are the individual property sales that inform this trend.

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

Price map for Barrowford

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 Barrowford. 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 Barrowford

Street level data

Street	Avg size	Avg £/m2	Recent sales
Gisburn Road, Barrowford, BB9 6L	97m2	£2,149	17
Wheatley Lane Road, Barrowford, BB9 6Q	127m2	£3,130	11
Gisburn Road, Barrowford, BB9 6A	121m2	£2,461	10
Bankhouse Street, Barrowford, BB9 6H	85m2	£1,343	10
Fife Street, Barrowford, BB9 6D	83m2	£1,276	9
Barnoldswick Road, Barrowford, BB9 6B	118m2	£3,028	8
Church Street, Barrowford, BB9 6E	85m2	£2,098	8
Carr Hall Road, Barrowford, BB9 6B	142m2	£1,036	7

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
St Thomas Close, Barrowford, BB9 6B	200m2	£1,902	9

St Thomas Close, Barrowford, BB9 6B has seen 9 new build sales in the last 4 years (average price £382,111). These new build homes typically have an internal area of 200 m2, with an average price of £1,902 m2. This £sqm average is £-408 below the average for BB9 6. New builds typically command a £ per sqm premium. In the case of St Thomas Close the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Barrowford 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
39, Church St, Barrowford, Nelson	£400,000 Oct-2023	182	2,197
1, Brookbank, Barrowford, Nelson	£250,000 Aug-2023	105	2,380
11, Hindley Court, Barrowford, Nelson	£269,950 Aug-2023	89	3,033

See the entire list of all sales in Barrowford (BB9 6) here.