Feb 07, 2023 by HM

House prices in Ainsworth (BL2 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Ainsworth (BL2 5).


Price per square metre

Knowing the average house price in Ainsworth 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. Flat 2 Lychgate Court, 80, Stephens Street, Ainsworth, Bolton, sold for £63,000 on Sep-2023. Given the internal area of 56 square metres, the price per sqm is £1,125.

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 170 sales in Ainsworth (BL2 5) that took place in the last two years.

Distribution of £ per sqm for Ainsworth (BL2 5)
Distribution of £ per sqm house prices in Ainsworth

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 Ainsworth (BL2 5). Of the 170 transactions, half were sold for between £1,530 and £2,770 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,770m2. 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 'BL2 5' is £2,140. The table below shows how 'BL2 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BL2 1 Bolton £1,470m2 £1,830m2 £2,440m2
BL2 4 Bradshaw £2,660m2 £2,890m2 £3,500m2
BL2 2 Bolton £1,290m2 £1,560m2 £1,970m2
BL2 3 Bradshaw £2,060m2 £2,780m2 £3,320m2
BL2 6 Bradley Fold £1,520m2 £2,020m2 £2,570m2
BL2 5 Ainsworth £1,530m2 £2,140m2 £2,770m2

Will Ainsworth 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 BL2 5 (Ainsworth). 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 BL2 5 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Ainsworth (BL2 5) over time
House price trends for Ainsworth

Hover on any blue dot to see details of specific sales

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

Price map for Ainsworth

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 Ainsworth. 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.

Property price heatmap for Ainsworth
House price heatmap for Ainsworth

Street level data

Street Avg size Avg £/m2 Recent sales
Church Street, Ainsworth, BL2 5R 94m2 £2,186 18
Tetbury Drive, Ainsworth, BL2 5N 71m2 £2,374 14
Withins Lane, Ainsworth, BL2 5D 97m2 £1,833 12
New Lane, Ainsworth, BL2 5B 72m2 £2,043 12
Newlands Avenue, Ainsworth, BL2 5E 71m2 £1,730 12
Bradley Fold Road, Ainsworth, BL2 5Q 84m2 £2,669 12
Delph Lane, Ainsworth, BL2 5P 89m2 £3,045 11
Dovedale Road, Ainsworth, BL2 5H 100m2 £2,096 11

Search for your street here.

Raw data

Our analysis of Ainsworth 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
Flat 2 Lychgate Court, 80, Stephens St, Ainsworth, Bolton £63,000
Sep-2023
56 1,125
7, Brookfield Avenue, Ainsworth, Bolton £220,000
Aug-2023
84 2,619
1, Bailey Lane, Ainsworth, Bolton £240,000
Aug-2023
85 2,823

See the entire list of all sales in Ainsworth (BL2 5) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.