Feb 07, 2023 by HM

House prices in Heaton (BL1 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Heaton (BL1 5).

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Price per square metre

Knowing the average house price in Heaton 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. 54, Markland Hill Lane, Heaton, Bolton, sold for £152,500 on Aug-2023. Given the internal area of 76 square metres, the price per sqm is £2,006.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 316 sales in Heaton (BL1 5) 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 Heaton (BL1 5). Of the 316 transactions, half were sold for between £1,840 and £3,020 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,020m². 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 'BL1 5' is £2,370. The table below shows how 'BL1 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BL1 3 Bolton	£1,310m2	£1,480m2	£1,790m2
BL1 5 Heaton	£1,840m2	£2,370m2	£3,020m2
BL1 7 Bolton	£1,870m2	£2,500m2	£3,020m2
BL1 2 Bolton	£1,160m2	£1,490m2	£2,090m2
BL1 1 Bolton	£990m2	£1,310m2	£1,430m2
BL1 4 Bolton	£1,340m2	£1,570m2	£1,850m2
BL1 8 Bolton	£1,490m2	£1,870m2	£2,550m2
BL1 6 Bolton	£1,670m2	£2,060m2	£2,460m2

Will Heaton 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 BL1 5 (Heaton). 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 BL1 5 and the blue dots are the individual property sales that inform this trend.

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

Price map for Heaton

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 Heaton. 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 Heaton

Street level data

Street	Avg size	Avg £/m2	Recent sales
Clevelands Drive, Heaton, BL1 5G	87m2	£2,718	23
Chorley Old Road, Heaton, BL1 5S	87m2	£1,797	20
Rydal Court, Heaton, BL1 5N	52m2	£2,402	19
Merryfield Grange, Heaton, BL1 5G	80m2	£2,040	17
Melrose Avenue, Heaton, BL1 5N	72m2	£1,930	17
Chorley New Road, Heaton, BL1 5D	124m2	£2,524	15
Oakwood Drive, Heaton, BL1 5E	193m2	£2,799	14
Greenmount Lane, Heaton, BL1 5J	200m2	£2,898	13

Search for your street here.

Raw data

Our analysis of Heaton 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
54, Markland Hill Lane, Heaton, Bolton	£152,500 Aug-2023	76	2,006
80, Millstone Rd, Heaton, Bolton	£237,500 Aug-2023	79	3,006
61, Markland Hill Lane, Heaton, Bolton	£120,000 Aug-2023	79	1,518

See the entire list of all sales in Heaton (BL1 5) here.