Feb 07, 2023 by HM

House prices in Upton (CH2 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Upton (CH2 1).

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Price per square metre

Knowing the average house price in Upton 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 41 Mallard Court, Long Lane, Upton, Hoole, sold for £72,500 on Oct-2023. Given the internal area of 57 square metres, the price per sqm is £1,271.

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. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 223 sales in Upton (CH2 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 Upton (CH2 1). Of the 223 transactions, half were sold for between £2,730 and £3,650 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,650m². 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 'CH2 1' is £3,220. The table below shows how 'CH2 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CH2 2 Chester	£2,550m2	£3,210m2	£3,620m2
CH2 3 Hoole	£2,580m2	£3,050m2	£3,600m2
CH2 4 Elton	£2,190m2	£2,690m2	£3,390m2
CH2 1 Upton	£2,730m2	£3,220m2	£3,650m2

Will Upton 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 CH2 1 (Upton). 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 CH2 1 and the blue dots are the individual property sales that inform this trend.

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

Price map for Upton

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 Upton. 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 Upton

Street level data

Street	Avg size	Avg £/m2	Recent sales
Upton Grange, Upton, CH2 1B	113m2	£2,914	26
Long Lane, Upton, CH2 1J	68m2	£1,853	21
Plas Newton Lane, Upton, CH2 1P	108m2	£3,499	20
Upton Drive, Upton, CH2 1B	90m2	£2,907	20
St James Avenue, Upton, CH2 1N	103m2	£2,761	18
Daleside, Upton, CH2 1E	108m2	£3,470	17
Upton Lane, Upton, CH2 1E	149m2	£3,661	12
Caughall Road, Upton, CH2 1L	102m2	£3,339	12

Search for your street here.

Raw data

Our analysis of Upton 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 41 Mallard Court, Long Lane, Upton, Hoole	£72,500 Oct-2023	57	1,271
83, Plas Newton Lane, Upton, Hoole	£450,000 Oct-2023	111	4,054
22, Oakfield Avenue, Upton, Hoole	£400,000 Sep-2023	127	3,149

See the entire list of all sales in Upton (CH2 1) here.