Feb 07, 2023 by HM

House prices in Oakworth (BD22 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Oakworth (BD22 7).

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Price per square metre

Knowing the average house price in Oakworth 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. 17, Highoak Garth, Oakworth, sold for £190,000 on Sep-2023. Given the internal area of 78 square metres, the price per sqm is £2,435.

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. £1,800-£2,000, £2,000-£2,200, £2,200-£2,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 195 sales in Oakworth (BD22 7) 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 Oakworth (BD22 7). Of the 195 transactions, half were sold for between £1,600 and £2,590 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,590m². 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 'BD22 7' is £2,060. The table below shows how 'BD22 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BD22 9 Oxenhope	£1,780m2	£2,180m2	£2,790m2
BD22 6 Keighley	£1,150m2	£1,740m2	£2,180m2
BD22 0 Cowling	£1,910m2	£2,430m2	£2,880m2
BD22 8 Haworth	£1,570m2	£2,050m2	£2,660m2
BD22 7 Oakworth	£1,600m2	£2,060m2	£2,590m2

Will Oakworth 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 BD22 7 (Oakworth). 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 BD22 7 and the blue dots are the individual property sales that inform this trend.

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

Price map for Oakworth

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 Oakworth. 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 Oakworth

Street level data

Street	Avg size	Avg £/m2	Recent sales
Goose Cote Lane, Oakworth, BD22 7N	104m2	£2,300	17
Ingrow Lane, Oakworth, BD22 7B	60m2	£1,500	16
Providence Crescent, Oakworth, BD22 7Q	94m2	£2,162	16
Harewood Road, Oakworth, BD22 7N	86m2	£1,475	13
Bracken Bank Avenue, Oakworth, BD22 7A	83m2	£1,059	13
Harewood Crescent, Oakworth, BD22 7N	77m2	£2,165	9
Glatton Drive, Oakworth, BD22 7F	90m2	£2,185	9
Occupation Lane, Oakworth, BD22 7L	123m2	£2,466	9

Search for your street here.

Raw data

Our analysis of Oakworth 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
17, Highoak Garth, Oakworth	£190,000 Sep-2023	78	2,435
33, Moorlands Avenue, Oakworth	£195,000 Aug-2023	60	3,250
166, Broom Terrace, Oakworth	£104,500 Aug-2023	57	1,833

See the entire list of all sales in Oakworth (BD22 7) here.