Feb 07, 2023 by HM

House prices in Chester (CH1 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Chester (CH1 1).

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Price per square metre

Knowing the average house price in Chester 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. 19, Steele Street, Chester, sold for £350,000 on Sep-2023. Given the internal area of 91 square metres, the price per sqm is £3,846.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 44 sales in Chester (CH1 1) 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 Chester (CH1 1). Of the 44 transactions, half were sold for between £2,910 and £4,070 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,070m². 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 'CH1 1' is £3,600. The table below shows how 'CH1 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CH1 3 Newtown	£2,200m2	£2,540m2	£2,890m2
CH1 4 Chester	£1,990m2	£2,500m2	£2,950m2
CH1 6 Saughall	£2,530m2	£2,960m2	£3,460m2
CH1 5 Blacon	£1,840m2	£2,190m2	£2,710m2
CH1 1 Chester	£2,910m2	£3,600m2	£4,070m2
CH1 2 Chester	£2,680m2	£3,050m2	£3,660m2

Will Chester 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 CH1 1 (Chester). 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 CH1 1 and the blue dots are the individual property sales that inform this trend.

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

Price map for Chester

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 Chester. 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 Chester

Street level data

Street	Avg size	Avg £/m2	Recent sales
Foregate Street, Chester, CH1 1H	76m2	£2,944	16
Union Street, Chester, CH1 1A	56m2	£2,557	12
Steele Street, Chester, CH1 1R	76m2	£3,051	8
Bath Street, Chester, CH1 1Q	90m2	£3,640	6
White Friars, Chester, CH1 1N	133m2	£4,006	5
Volunteer Street, Chester, CH1 1A	87m2	£3,434	5
Knightsbridge Court, Chester, CH1 1Q	78m2	£3,025	5

Search for your street here.

Raw data

Our analysis of Chester 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
19, Steele St, Chester	£350,000 Sep-2023	91	3,846
4, White Friars, Chester	£750,000 Jul-2023	155	4,838
3, Gamul Pl, Chester	£273,000 Jun-2023	50	5,460

See the entire list of all sales in Chester (CH1 1) here.