Feb 07, 2023 by HM

House prices in Gilsland (CA8 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Gilsland (CA8 7).

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Price per square metre

Knowing the average house price in Gilsland 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. Burnside Cottage, , Gilsland, Brampton, sold for £250,000 on Sep-2023. Given the internal area of 106 square metres, the price per sqm is £2,358.

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 28 sales in Gilsland (CA8 7) 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 Gilsland (CA8 7). Of the 28 transactions, half were sold for between £1,530 and £2,290 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,290m². 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 'CA8 7' is £1,730. The table below shows how 'CA8 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CA8 2 Low Row	£1,670m2	£2,060m2	£2,780m2
CA8 7 Gilsland	£1,530m2	£1,730m2	£2,290m2
CA8 1 Brampton	£1,530m2	£1,920m2	£2,430m2
CA8 9 Heads Nook	£2,180m2	£2,690m2	£2,890m2

Will Gilsland 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 CA8 7 (Gilsland). 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 CA8 7 and the blue dots are the individual property sales that inform this trend.

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

Price map for Gilsland

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 Gilsland. 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 Gilsland

Raw data

Our analysis of Gilsland 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
Burnside Cottage, , Gilsland, Brampton	£250,000 Sep-2023	106	2,358
2, Irthing Park, Gilsland, Brampton	£290,000 Jul-2023	110	2,636
Flat 7 Orchard House, , Gilsland, Brampton	£98,000 Jul-2023	49	2,000

See the entire list of all sales in Gilsland (CA8 7) here.