Feb 07, 2023 by HM

House prices in Whitehaven (CA28 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Whitehaven (CA28 6).


Price per square metre

Knowing the average house price in Whitehaven 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, The Grange, Whitehaven, sold for £375,000 on Sep-2023. Given the internal area of 158 square metres, the price per sqm is £2,373.

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 229 sales in Whitehaven (CA28 6) that took place in the last two years.

Distribution of £ per sqm for Whitehaven (CA28 6)
Distribution of £ per sqm house prices in Whitehaven

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 Whitehaven (CA28 6). Of the 229 transactions, half were sold for between £1,410 and £2,260 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,260m2. 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 'CA28 6' is £1,880. The table below shows how 'CA28 6' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CA28 8 Whitehaven £1,180m2 £1,460m2 £1,750m2
CA28 7 Whitehaven £1,150m2 £1,500m2 £1,940m2
CA28 9 Whitehaven £1,130m2 £1,470m2 £1,930m2
CA28 6 Whitehaven £1,410m2 £1,880m2 £2,260m2

Will Whitehaven 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 CA28 6 (Whitehaven). 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 CA28 6 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Whitehaven (CA28 6) over time
House price trends for Whitehaven

Hover on any blue dot to see details of specific sales

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

Price map for Whitehaven

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 Whitehaven. 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 Whitehaven
House price heatmap for Whitehaven

Street level data

Street Avg size Avg £/m2 Recent sales
Victoria Road, Whitehaven, CA28 6J 112m2 £1,978 21
Holly Bank, Whitehaven, CA28 6S 69m2 £2,351 18
Foundry Road, Whitehaven, CA28 6P 101m2 £1,019 17
Bransty Road, Whitehaven, CA28 6H 91m2 £1,463 15
Winchester Drive, Whitehaven, CA28 6X 80m2 £1,970 14
Caldbeck Road, Whitehaven, CA28 6X 80m2 £1,637 14
Jubilee Road, Whitehaven, CA28 6X 77m2 £1,465 14
Laurel Bank, Whitehaven, CA28 6S 95m2 £2,551 13

Search for your street here.

Raw data

Our analysis of Whitehaven 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
5, The Grange, Whitehaven £375,000
Sep-2023
158 2,373
Lanecroft, , Whitehaven £245,000
Aug-2023
216 1,134
26, The Mount, Whitehaven £315,000
Aug-2023
83 3,795

See the entire list of all sales in Whitehaven (CA28 6) 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.