# House prices in BL4 7 (Farnworth)

## Defining 'BL4 7'

This analysis is limited to properties whose postcode starts with "BL4 7", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Farnworth.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Farnworth 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. 80, Dixon Green Drive, Farnworth, sold for £130,000 on Feb-2024. Given the internal area of 55 square metres, the price per sqm is £2,363.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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 165 sales in Farnworth (BL4 7) that took place in the last two years.

##### Distribution of £ per sqm for Farnworth
Distribution of £ per sqm house prices in Farnworth

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.

The spread of prices will give you a feel of the typical range to expect in Farnworth (BL4 7). Of the 165 transactions, half were sold for between £1,310 and £2,250 per square metre. The median, or 'middle', price per square metre in 'BL4 7' is £1,620. Notably, only 25% of properties that sold recently were valued at more than £2,250 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Farnworth

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Farnworth. 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.

House price heatmap for Farnworth

## Comparison with neighbouring postcode sectors

The table below shows how 'BL4 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BL4 9 Farnworth £1,510 sqm £1,820 sqm £2,150 sqm
BL4 8 Kearsley £1,730 sqm £2,130 sqm £2,550 sqm
BL4 0 Farnworth £1,650 sqm £2,090 sqm £2,500 sqm
BL4 7 Farnworth £1,310 sqm £1,620 sqm £2,250 sqm

## Will Farnworth 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 chart below for BL4 7 (Farnworth) compared with both the wider area BL4 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Farnworth,Farnworth
House price trends for Farnworth

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent BL4 7 sales
Recent trends for Farnworth

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Farnworth to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Farnworth 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Dixon Green Drive, Farnworth, BL4 7E 60 sqm £2,396 23
St Germain Street, Farnworth, BL4 7B 75 sqm £1,296 20
Campbell Street, Farnworth, BL4 7H 85 sqm £1,281 17
Glynne Street, Farnworth, BL4 7D 79 sqm £1,175 13
Paisley Park, Farnworth, BL4 7E 55 sqm £2,410 11
Kilsby Close, Farnworth, BL4 7T 57 sqm £1,713 11
Shillingford Road, Farnworth, BL4 7D 84 sqm £2,261 10
Trafford Street, Farnworth, BL4 7P 93 sqm £1,369 10

## Raw data

Our analysis of Farnworth 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.