Feb 07, 2023 by HM

# House prices in Grassington (BD23 5)

## Price per square metre

Knowing the average house price in Grassington 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. Leylands, , Grassington, Skipton, sold for £950,000 on Aug-2023. Given the internal area of 320 square metres, the price per sqm is £2,968.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 65 sales in Grassington (BD23 5) that took place in the last two years.

##### Distribution of £ per sqm for Grassington (BD23 5)
Distribution of £ per sqm house prices in Grassington

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 Grassington (BD23 5). Of the 65 transactions, half were sold for between £3,230 and £4,380 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,380m2. 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 'BD23 5' is £3,820. The table below shows how 'BD23 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BD23 5 Grassington £3,230m2 £3,820m2 £4,380m2
BD23 1 Skipton £2,470m2 £3,030m2 £3,570m2
BD23 3 Gargrave £2,550m2 £3,090m2 £3,760m2
BD23 4 Hellifield £2,420m2 £2,930m2 £3,500m2
BD23 6 Embsay £3,010m2 £3,580m2 £3,990m2
BD23 2 Skipton £2,200m2 £2,580m2 £3,130m2

## Will Grassington 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 BD23 5 (Grassington). 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 BD23 5 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Grassington (BD23 5) over time
House price trends for Grassington

Hover on any blue dot to see details of specific sales

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

## Price map for Grassington

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 Grassington. 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 Grassington

## Street level data

Street Avg size Avg £/m2 Recent sales
Badger Gate, Grassington, BD23 5E 81m2 £3,578 8
Piece Fields, Grassington, BD23 5H 77m2 £3,441 7
Hardy Meadows, Grassington, BD23 5L 117m2 £2,669 6
Chapel Street, Grassington, BD23 5B 94m2 £3,522 6
Garrs Lane, Grassington, BD23 5A 75m2 £4,148 5
Threshfield Court, Grassington, BD23 5R 50m2 £2,927 5
Town Head, Grassington, BD23 5B 122m2 £4,349 5
Brooklyn, Grassington, BD23 5E 144m2 £2,812 5

## Raw data

Our analysis of Grassington 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.