Feb 07, 2023 by HM

House prices in Horwich (BL6 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Horwich (BL6 7).

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Price per square metre

Knowing the average house price in Horwich 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. 7, Darley Street, Horwich, sold for £131,000 on Sep-2023. Given the internal area of 63 square metres, the price per sqm is £2,079.

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 179 sales in Horwich (BL6 7) 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 Horwich (BL6 7). Of the 179 transactions, half were sold for between £1,630 and £2,470 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,470m². 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 'BL6 7' is £1,970. The table below shows how 'BL6 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BL6 7 Horwich	£1,630m2	£1,970m2	£2,470m2
BL6 4 Lostock	£2,430m2	£2,840m2	£3,330m2
BL6 5 Horwich	£1,740m2	£2,220m2	£2,860m2
BL6 6 Horwich	£1,980m2	£2,520m2	£2,970m2

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 scatter plot below for BL6 7 (Horwich). 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 BL6 7 and the blue dots are the individual property sales that inform this trend.

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

Price map for Horwich

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

House price heatmap for Horwich

Street level data

Street	Avg size	Avg £/m2	Recent sales
Crown Lane, Horwich, BL6 7Q	89m2	£1,658	35
Catherine Street East, Horwich, BL6 7J	64m2	£1,698	15
Longworth Road, Horwich, BL6 7B	96m2	£1,928	14
Darley Street, Horwich, BL6 7L	70m2	£1,807	13
Mary Street East, Horwich, BL6 7J	78m2	£1,454	13
Mary Street West, Horwich, BL6 7J	74m2	£1,666	12
Lever Park Avenue, Horwich, BL6 7L	137m2	£2,991	11
Chorley New Road, Horwich, BL6 7Q	96m2	£1,540	11

Search for your street here.

Raw data

Our analysis of Horwich 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
7, Darley St, Horwich	£131,000 Sep-2023	63	2,079
1, St Annes Rd, Horwich	£203,500 Aug-2023	113	1,800
4 Friargate, Church St, Horwich	£123,000 Aug-2023	54	2,277

See the entire list of all sales in Horwich (BL6 7) here.