Feb 07, 2023 by HM

# House prices in Aspatria (CA7 3)

## Price per square metre

Knowing the average house price in Aspatria 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. 34, Lawson Street, Aspatria, Wigton, sold for £95,000 on Sep-2023. Given the internal area of 97 square metres, the price per sqm is £979.

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. £1,350-£1,500, £1,500-£1,650, £1,650-£1,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 71 sales in Aspatria (CA7 3) that took place in the last two years.

##### Distribution of £ per sqm for Aspatria (CA7 3)
Distribution of £ per sqm house prices in Aspatria

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 Aspatria (CA7 3). Of the 71 transactions, half were sold for between £980 and £1,920 per square metre. Notably, only 25% of properties that sold recently were valued at more than £1,920m2. 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 'CA7 3' is £1,310. The table below shows how 'CA7 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CA7 3 Aspatria £980m2 £1,310m2 £1,920m2
CA7 2 Aspatria £1,310m2 £1,620m2 £2,110m2
CA7 5 Kirkbride £1,440m2 £2,010m2 £2,660m2
CA7 8 Caldbeck £2,610m2 £3,010m2 £3,830m2
CA7 0 Oulton £2,020m2 £2,230m2 £2,630m2
CA7 4 Silloth £1,190m2 £1,530m2 £1,960m2
CA7 1 Fletchertown £1,300m2 £2,190m2 £2,710m2
CA7 9 Wigton £1,310m2 £1,740m2 £2,320m2

## Will Aspatria 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 CA7 3 (Aspatria). 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 CA7 3 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Aspatria (CA7 3) over time
House price trends for Aspatria

Hover on any blue dot to see details of specific sales

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

## Price map for Aspatria

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 Aspatria. 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 Aspatria

## Street level data

Street Avg size Avg £/m2 Recent sales
Lawson Street, Aspatria, CA7 3D 86m2 £925 10
West Street, Aspatria, CA7 3H 110m2 £1,225 9
Springkell, Aspatria, CA7 3D 88m2 £862 8
North View, Aspatria, CA7 3E 92m2 £1,118 6
St Mungo's Park, Aspatria, CA7 3J 103m2 £1,295 6
Brough Street, Aspatria, CA7 3A 79m2 £929 5
King Street, Aspatria, CA7 3A 113m2 £908 5

## Raw data

Our analysis of Aspatria 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.