House prices in CA7 0 (Blencogo)

This article reveals price per square metre data and various charts to help you understand current housing market in Blencogo, Wigton (CA7 0).


Defining 'CA7 0'

This analysis is limited to properties whose postcode starts with "CA7 0", 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 Blencogo.

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 Blencogo 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. Limes Cottage, , Blencogo, Wigton, sold for £205,000 on Feb-2024. Given the internal area of 151 square metres, the price per sqm is £1,357.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 31 sales in Blencogo (CA7 0) that took place in the last two years.

Distribution of £ per sqm for Blencogo, Wigton
Distribution of £ per sqm house prices in Blencogo

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 Blencogo (CA7 0). Of the 31 transactions, half were sold for between £1,830 and £2,620 per square metre. The median, or 'middle', price per square metre in 'CA7 0' is £2,200. Notably, only 25% of properties that sold recently were valued at more than £2,620 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 Blencogo, Wigton

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 Wigton. 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.

Property price heatmap for Blencogo
House price heatmap for Blencogo, Wigton

Comparison with neighbouring postcode sectors

The table below shows how 'CA7 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CA7 9 Wigton £1,340 sqm £1,830 sqm £2,320 sqm
CA7 2 Aspatria £1,430 sqm £1,730 sqm £2,240 sqm
CA7 0 Blencogo £1,830 sqm £2,200 sqm £2,620 sqm
CA7 5 Kirkbride £2,010 sqm £2,400 sqm £2,810 sqm
CA7 8 Caldbeck £2,620 sqm £3,010 sqm £3,890 sqm
CA7 4 Silloth £1,280 sqm £1,550 sqm £2,020 sqm
CA7 1 Ireby £1,390 sqm £2,280 sqm £2,860 sqm
CA7 3 Aspatria £950 sqm £1,190 sqm £1,780 sqm

Will Wigton 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 CA7 0 (Blencogo) compared with both the wider area CA7 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 Blencogo,Wigton
House price trends for Blencogo

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 CA7 0 sales
Recent trends for Blencogo

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 Wigton 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 Wigton 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 Blencogo 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
Limes Cottage, , Blencogo, Wigton £205,000
Feb-2024
151 1,357
1 Spittal Farm, , Blencogo, Wigton £166,500
Jan-2024
71 2,345
Dairy Lea Cottage, , Blencogo, Wigton £407,000
Dec-2023
193 2,108

See the entire list of all sales in Blencogo (CA7 0) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.