Feb 07, 2023 by HM

House prices in Chester (CH1 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Chester (CH1 2).


Defining 'CH1 2'

This analysis is limited to properties whose postcode starts with "CH1 2", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

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. 14, Black Friars, Chester, sold for £530,000 on Oct-2023. Given the internal area of 190 square metres, the price per sqm is £2,789.

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. £2,800-£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 36 sales in Chester (CH1 2) that took place in the last two years.

Distribution of £ per sqm for Chester (CH1 2)
Distribution of £ per sqm house prices in Chester

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 Chester (CH1 2). Of the 36 transactions, half were sold for between £2,700 and £3,740 per square metre. The median, or 'middle', price per square metre in 'CH1 2' is £3,180. Notably, only 25% of properties that sold recently were valued at more than £3,740m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Chester

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 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.

Property price heatmap for Chester
House price heatmap for Chester

Comparison with neighbouring postcode sectors

The table below shows how 'CH1 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CH1 3 Newtown £2,240m2 £2,570m2 £2,910m2
CH1 5 Blacon £1,820m2 £2,220m2 £2,730m2
CH1 6 Saughall £2,640m2 £3,060m2 £3,620m2
CH1 4 Chester £2,140m2 £2,560m2 £3,020m2
CH1 1 Chester £2,890m2 £3,410m2 £3,870m2
CH1 2 Chester £2,700m2 £3,180m2 £3,740m2

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 2 (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 2 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Chester (CH1 2) over time
House price trends for Chester

Hover on any blue dot to see details of specific sales

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.

Street level data

Street Avg size Avg £/m2 Recent sales
King Street, Chester, CH1 2A 141m2 £3,459 14
The Yonne, Chester, CH1 2N 107m2 £2,968 8
Black Friars, Chester, CH1 2N 86m2 £3,396 7
Sens Close, Chester, CH1 2N 67m2 £2,867 7
Nicholas Court, Chester, CH1 2Q 100m2 £3,190 6
Cuppin Street, Chester, CH1 2B 76m2 £3,568 6
Brennus Place, Chester, CH1 2N 70m2 £2,723 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
14, Black Friars, Chester £530,000
Oct-2023
190 2,789
11a, Greyfriars, Chester £130,000
Oct-2023
100 1,300
25 Blackfriars House, Black Friars, Chester £325,000
Aug-2023
96 3,385

See the entire list of all sales in Chester (CH1 2) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.