# House prices in BL6 4 (Lostock)

This article reveals price per square metre data and various charts to help you understand current housing market in Lostock, Horwich (BL6 4).

## Defining 'BL6 4'

This analysis is limited to properties whose postcode starts with "BL6 4", 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 Lostock.

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 Lostock 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, Silver Birch Close, Lostock, Horwich, sold for £240,000 on Feb-2024. Given the internal area of 93 square metres, the price per sqm is £2,580.

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. etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 143 sales in Lostock (BL6 4) that took place in the last two years.

##### Distribution of £ per sqm for Lostock, Horwich
Distribution of £ per sqm house prices in Lostock

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 Lostock (BL6 4). Of the 143 transactions, half were sold for between £2,290 and £3,390 per square metre. The median, or 'middle', price per square metre in 'BL6 4' is £2,800. Notably, only 25% of properties that sold recently were valued at more than £3,390 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 Lostock, Horwich

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 Horwich. 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 Lostock, Horwich

## Comparison with neighbouring postcode sectors

The table below shows how 'BL6 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BL6 5 Horwich £1,750 sqm £2,210 sqm £2,900 sqm
BL6 4 Lostock £2,290 sqm £2,800 sqm £3,390 sqm
BL6 7 Horwich £1,760 sqm £2,060 sqm £2,560 sqm
BL6 6 Horwich £1,930 sqm £2,470 sqm £2,990 sqm

## Will Horwich 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 BL6 4 (Lostock) compared with both the wider area BL6 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 Lostock,Horwich
House price trends for Lostock

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 BL6 4 sales
Recent trends for Lostock

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 Horwich 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 Horwich 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
Harrier Close, Lostock, BL6 4G 89 sqm £2,407 26
Heaton Road, Lostock, BL6 4E 77 sqm £1,882 24
Regent Road, Lostock, BL6 4D 207 sqm £3,119 23
St Johns Road, Lostock, BL6 4H 84 sqm £2,484 14
Chorley New Road, Lostock, BL6 4A 188 sqm £3,533 14
Academy Way, Lostock, BL6 4G 87 sqm £2,191 14
Middlebrook Drive, Lostock, BL6 4R 69 sqm £2,541 12
Junction Road West, Lostock, BL6 4E 131 sqm £3,185 11

Search for your street here.

## New build activity

Street Avg size Avg £sqm New build sales
Lostock Lane, Lostock, BL6 4G 64 sqm £1,861 9

Lostock Lane, Lostock, BL6 4G has seen 9 new build sales in the last 4 years (average price £121,476). These new build homes typically have an internal area of 64 sqm, with an average price of £1,861 sqm. This £sqm average is £-939 below the average for BL6 4. New builds typically command a £ per sqm premium. In the case of Lostock Lane the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

## Raw data

Our analysis of Lostock 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 sqm £/sqm
44, Silver Birch Close, Lostock, Horwich £240,000
Feb-2024
93 2,580
3, Ainscow Avenue, Lostock, Horwich £300,000
Feb-2024
79 3,797
2, Foxhunter Close, Lostock, Horwich £215,000
Jan-2024
69 3,115