# House prices in BL7 8 (Belmont)

This article reveals price per square metre data and various charts to help you understand current housing market in Belmont, Bromley Cross (BL7 8).

## Defining 'BL7 8'

This analysis is limited to properties whose postcode starts with "BL7 8", 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 Belmont.

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 Belmont 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. 5, Maria Square, Belmont, Bromley Cross, sold for £100,000 on Mar-2024. Given the internal area of 64 square metres, the price per sqm is £1,562.

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 13 sales in Belmont (BL7 8) that took place in the last two years.

##### Distribution of £ per sqm for Belmont, Bromley Cross
Distribution of £ per sqm house prices in Belmont

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 Belmont (BL7 8). Of the 13 transactions, half were sold for between £1,560 and £2,940 per square metre. The median, or 'middle', price per square metre in 'BL7 8' is £2,570. Notably, only 25% of properties that sold recently were valued at more than £2,940 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 Belmont, Bromley Cross

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 Bromley Cross. 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 Belmont, Bromley Cross

## Comparison with neighbouring postcode sectors

The table below shows how 'BL7 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BL7 9 Bromley Cross £2,280 sqm £2,840 sqm £3,330 sqm
BL7 0 Turton £2,720 sqm £3,040 sqm £3,870 sqm
BL7 8 Belmont £1,560 sqm £2,570 sqm £2,940 sqm

## Will Bromley Cross 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 BL7 8 (Belmont) compared with both the wider area BL7 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 Belmont,Bromley Cross
House price trends for Belmont

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 BL7 8 sales
Recent trends for Belmont

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 Bromley Cross 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 Bromley Cross 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.

## Raw data

Our analysis of Belmont 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.