Feb 07, 2023 by HM

House prices in Wigton (CA7 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Wigton (CA7 9).

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Price per square metre

Knowing the average house price in Wigton 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. 53, The Hawthorns, Wigton, sold for £221,100 on Oct-2023. Given the internal area of 68 square metres, the price per sqm is £3,251.

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 154 sales in Wigton (CA7 9) that took place in the last two years.

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 Wigton (CA7 9). Of the 154 transactions, half were sold for between £1,310 and £2,320 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,320m². 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 9' is £1,740. The table below shows how 'CA7 9' 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 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 scatter plot below for CA7 9 (Wigton). 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 9 and the blue dots are the individual property sales that inform this trend.

Disclaimer: 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. 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 Wigton data or any other data I am given.

Price map for Wigton

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 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. I will explain more about the methodology and create a key next week.

House price heatmap for Wigton

Street level data

Street	Avg size	Avg £/m2	Recent sales
The Hawthorns, Wigton, CA7 9L	83m2	£2,877	14
Primrose Bank, Wigton, CA7 9J	86m2	£2,126	13
New Street, Wigton, CA7 9A	111m2	£828	12
Scholars Green, Wigton, CA7 9B	81m2	£1,971	11
Kirkland Fold, Wigton, CA7 9L	84m2	£1,888	11
Springfields, Wigton, CA7 9J	91m2	£2,188	10
St Cuthberts Close, Wigton, CA7 9H	96m2	£2,156	9
Scholars Green, Wigton, CA7 9Q	97m2	£2,446	9

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Woodside Park, Wigton, CA7 9B	113m2	£2,093	15
St Cuthberts Close, Wigton, CA7 9G	92m2	£2,379	10

Woodside Park, Wigton, CA7 9B has seen 15 new build sales in the last 4 years (average price £222,306). These new build homes typically have an internal area of 113 m2, with an average price of £2,093 m2. This £sqm average is £353 above the average for CA7 9. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Wigton 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
53, The Hawthorns, Wigton	£221,100 Oct-2023	68	3,251
3, Kings Arms Yard, Wigton	£80,000 Oct-2023	78	1,025
Ryehill, West Rd, Wigton	£160,000 Oct-2023	92	1,739

See the entire list of all sales in Wigton (CA7 9) here.