House prices in CH1 4 (Chester)

This article reveals price per square metre data and various charts to help you understand current housing market in Chester (CH1 4).


Defining 'CH1 4'

This analysis is limited to properties whose postcode starts with "CH1 4", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Chester.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

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. 30, Balmoral Park, Chester, sold for £315,000 on Feb-2024. Given the internal area of 104 square metres, the price per sqm is £3,028.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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 205 sales in Chester (CH1 4) that took place in the last two years.

Distribution of £ per sqm for Chester
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 4). Of the 205 transactions, half were sold for between £2,130 and £3,020 per square metre. The median, or 'middle', price per square metre in 'CH1 4' is £2,550. Notably, only 25% of properties that sold recently were valued at more than £3,020 sqm. 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 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CH1 3 Chester £2,230 sqm £2,560 sqm £2,900 sqm
CH1 5 Blacon £1,840 sqm £2,260 sqm £2,730 sqm
CH1 1 Chester £2,890 sqm £3,390 sqm £3,830 sqm
CH1 2 Chester £2,690 sqm £3,280 sqm £3,770 sqm
CH1 6 Saughall £2,620 sqm £3,080 sqm £3,610 sqm
CH1 4 Chester £2,130 sqm £2,550 sqm £3,020 sqm

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 chart below for CH1 4 (Chester) compared with both the wider area CH1 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Historic price per square metre in Chester,Chester
House price trends for Chester

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Most recent CH1 4 sales
Recent trends for Chester

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Chester to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. 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.

Street level data

Street Avg size Avg £sqm Recent sales
Saddlery Way, Chester, CH1 4L 59 sqm £2,566 38
Handbridge Square, Chester, CH1 4G 61 sqm £2,607 22
Sealand Road, Chester, CH1 4L 79 sqm £2,314 21
Catherine Street, Chester, CH1 4J 89 sqm £2,049 19
Garden Lane, Chester, CH1 4E 82 sqm £2,336 18
Sedgefield Road, Chester, CH1 4P 59 sqm £2,984 17
Gladstone Avenue, Chester, CH1 4J 88 sqm £2,884 17
Whipcord Lane, Chester, CH1 4D 86 sqm £2,598 16

Search for your street here.

New build activity

Street Avg size Avg £sqm New build sales
Canal Street, Chester, CH1 4F 53 sqm £3,553 20

Canal Street, Chester, CH1 4F has seen 20 new build sales in the last 4 years (average price £195,580). These new build homes typically have an internal area of 53 sqm, with an average price of £3,553 sqm. This £sqm average is £0 above the average for CH1 4. New builds typically command a £ per sqm premium so this is normal.

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 sqm £/sqm
30, Balmoral Park, Chester £315,000
Feb-2024
104 3,028
2, Homedee House, Chester £49,950
Feb-2024
39 1,280
67, Gladstone Avenue, Chester £295,000
Feb-2024
90 3,277

See the entire list of all sales in Chester (CH1 4) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.