Feb 07, 2023 by HM

House prices in Chester (CH1 4)

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

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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. Flat 5 Hopkinson Court, Walls Avenue, Chester, sold for £182,500 on Sep-2023. Given the internal area of 59 square metres, the price per sqm is £3,093.

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 229 sales in Chester (CH1 4) 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 4). Of the 229 transactions, half were sold for between £2,030 and £2,990 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,990m². 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 4' is £2,550. The table below shows how 'CH1 4' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CH1 3 Newtown	£2,200m2	£2,550m2	£2,910m2
CH1 4 Chester	£2,030m2	£2,550m2	£2,990m2
CH1 5 Blacon	£1,840m2	£2,210m2	£2,720m2
CH1 6 Saughall	£2,530m2	£2,970m2	£3,480m2
CH1 1 Chester	£2,910m2	£3,560m2	£4,080m2
CH1 2 Chester	£2,650m2	£3,060m2	£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 4 (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 4 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
Saddlery Way, Chester, CH1 4L	59m2	£2,583	37
Sealand Road, Chester, CH1 4L	79m2	£2,266	23
Catherine Street, Chester, CH1 4J	89m2	£1,998	23
Handbridge Square, Chester, CH1 4G	61m2	£2,668	20
Cheyney Road, Chester, CH1 4B	108m2	£2,519	19
Wharf View, Chester, CH1 4G	67m2	£1,678	18
Garden Lane, Chester, CH1 4E	82m2	£2,360	16
Whipcord Lane, Chester, CH1 4D	86m2	£2,598	16

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Canal Street, Chester, CH1 4F	53m2	£3,627	25

Canal Street, Chester, CH1 4F has seen 25 new build sales in the last 4 years (average price £210,302). These new build homes typically have an internal area of 53 m2, with an average price of £3,627 m2. This £sqm average is £1077 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	m2	£/m2
Flat 5 Hopkinson Court, Walls Avenue, Chester	£182,500 Sep-2023	59	3,093
38 Lock Court, Upper Cambrian Rd, Chester	£210,000 Sep-2023	65	3,230
40, Walpole St, Chester	£212,500 Sep-2023	72	2,951

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