Feb 07, 2023 by HM

House prices in Dearham (CA15 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Dearham (CA15 7).


Price per square metre

Knowing the average house price in Dearham 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. 13, Church Street, Dearham, Maryport, sold for £100,000 on Sep-2023. Given the internal area of 76 square metres, the price per sqm is £1,315.

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 156 sales in Dearham (CA15 7) that took place in the last two years.

Distribution of £ per sqm for Dearham (CA15 7)
Distribution of £ per sqm house prices in Dearham

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 Dearham (CA15 7). Of the 156 transactions, half were sold for between £1,140 and £2,210 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,210m2. 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 'CA15 7' is £1,580. The table below shows how 'CA15 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CA15 7 Dearham £1,140m2 £1,580m2 £2,210m2
CA15 8 Flimby £840m2 £1,080m2 £1,430m2
CA15 6 Maryport £1,010m2 £1,300m2 £1,990m2

Will Dearham 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 CA15 7 (Dearham). 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 CA15 7 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Dearham (CA15 7) over time
House price trends for Dearham

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Dearham 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 Dearham data or any other data I am given.

Price map for Dearham

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 Dearham. 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.

Property price heatmap for Dearham
House price heatmap for Dearham

Street level data

Street Avg size Avg £/m2 Recent sales
Went Meadows Close, Dearham, CA15 7H 88m2 £2,037 23
St Mungos Close, Dearham, CA15 7E 102m2 £2,067 19
Sycamore Road, Dearham, CA15 7A 79m2 £2,443 17
Row Brow Park, Dearham, CA15 7J 81m2 £2,051 15
Lonsdale View, Dearham, CA15 7E 107m2 £1,814 14
Central Road, Dearham, CA15 7E 91m2 £1,303 10
Main Street, Dearham, CA15 7D 84m2 £819 10
Row Brow, Dearham, CA15 7J 121m2 £1,392 10

Search for your street here.

Raw data

Our analysis of Dearham 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
13, Church St, Dearham, Maryport £100,000
Sep-2023
76 1,315
26, Maryport Rd, Dearham, Maryport £125,000
Sep-2023
79 1,582
74, Went Meadows Close, Dearham, Maryport £230,000
Aug-2023
100 2,300

See the entire list of all sales in Dearham (CA15 7) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.