Feb 07, 2023 by HM

House prices in Newtown (CH1 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Newtown (CH1 3).


Defining 'CH1 3'

This analysis is limited to properties whose postcode starts with "CH1 3", 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 Newtown 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. 30 Chedworth House, The Square, Newtown, Chester, sold for £104,000 on Feb-2024. Given the internal area of 45 square metres, the price per sqm is £2,311.

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 134 sales in Newtown (CH1 3) that took place in the last two years.

Distribution of £ per sqm for Newtown (CH1 3)
Distribution of £ per sqm house prices in Newtown

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 Newtown (CH1 3). Of the 134 transactions, half were sold for between £2,240 and £2,910 per square metre. The median, or 'middle', price per square metre in 'CH1 3' is £2,570. Notably, only 25% of properties that sold recently were valued at more than £2,910m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Newtown

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 Newtown. 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 Newtown
House price heatmap for Newtown

Comparison with neighbouring postcode sectors

The table below shows how 'CH1 3' 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 Newtown 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 3 (Newtown). 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 3 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Newtown (CH1 3) over time
House price trends for Newtown

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Egerton Street, Newtown, CH1 3N 70m2 £2,452 37
Black Diamond Park, Newtown, CH1 3E 66m2 £2,528 26
The Square, Newtown, CH1 3A 78m2 £2,528 25
Queens Road, Newtown, CH1 3B 75m2 £2,028 19
Walter Street, Newtown, CH1 3J 66m2 £2,413 15
Cornwall Street, Newtown, CH1 3J 72m2 £2,378 15
Brook Street, Newtown, CH1 3D 90m2 £2,462 14
Shot Tower Close, Newtown, CH1 3B 61m2 £2,842 13

Search for your street here.

Raw data

Our analysis of Newtown 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
30 Chedworth House, The Square, Newtown, Chester £104,000
Feb-2024
45 2,311
Flat 19 City Apartments, 33, City Rd, Newtown, Chester £130,000
Jan-2024
72 1,805
26, Walter St, Newtown, Chester £188,000
Jan-2024
63 2,984

See the entire list of all sales in Newtown (CH1 3) 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.