Feb 07, 2023 by HM

House prices in Farnworth (BL4 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Farnworth (BL4 9).

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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. 44, Kildare Street, Farnworth, sold for £135,000 on Sep-2023. Given the internal area of 78 square metres, the price per sqm is £1,730.

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 155 sales in Farnworth (BL4 9) 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 Farnworth (BL4 9). Of the 155 transactions, half were sold for between £1,470 and £2,060 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,060m². 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 'BL4 9' is £1,750. The table below shows how 'BL4 9' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BL4 8 Kearsley	£1,650m2	£2,050m2	£2,460m2
BL4 0 Farnworth	£1,610m2	£2,000m2	£2,380m2
BL4 9 Farnworth	£1,470m2	£1,750m2	£2,060m2
BL4 7 Farnworth	£1,250m2	£1,540m2	£2,150m2

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 scatter plot below for BL4 9 (Farnworth). 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 BL4 9 and the blue dots are the individual property sales that inform this trend.

Disclaimer: 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. 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 Farnworth data or any other data I am given.

Price map for Farnworth

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 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. I will explain more about the methodology and create a key next week.

House price heatmap for Farnworth

Street level data

Street	Avg size	Avg £/m2	Recent sales
Moorfield Chase, Farnworth, BL4 9D	52m2	£1,431	16
Kildare Street, Farnworth, BL4 9N	94m2	£1,540	16
Buckley Lane, Farnworth, BL4 9S	77m2	£1,408	15
Watson Road, Farnworth, BL4 9S	77m2	£1,696	14
St James Street, Farnworth, BL4 9S	80m2	£1,357	12
Bradford Street, Farnworth, BL4 9J	76m2	£1,277	11
Elsie Street, Farnworth, BL4 9H	83m2	£1,722	11
Blindsill Road, Farnworth, BL4 9R	72m2	£2,050	11

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Blindsill Road, Farnworth, BL4 9F	71m2	£2,022	14

Blindsill Road, Farnworth, BL4 9F has seen 14 new build sales in the last 4 years (average price £144,611). These new build homes typically have an internal area of 71 m2, with an average price of £2,022 m2. This £sqm average is £272 above the average for BL4 9. New builds typically command a £ per sqm premium so this is normal.

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.

Address	Paid	m2	£/m2
44, Kildare St, Farnworth	£135,000 Sep-2023	78	1,730
181, Buckley Lane, Farnworth	£85,000 Aug-2023	88	965
39, Crescent Avenue, Farnworth	£197,000 Aug-2023	85	2,317

See the entire list of all sales in Farnworth (BL4 9) here.