Feb 07, 2023 by HM

House prices in Chester (CH2 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Chester (CH2 2).


Defining 'CH2 2'

This analysis is limited to properties whose postcode starts with "CH2 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. 7, Thornton Drive, Chester, Hoole, sold for £260,000 on Feb-2024. Given the internal area of 62 square metres, the price per sqm is £4,193.

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 211 sales in Chester (CH2 2) that took place in the last two years.

Distribution of £ per sqm for Chester (CH2 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 (CH2 2). Of the 211 transactions, half were sold for between £2,560 and £3,650 per square metre. The median, or 'middle', price per square metre in 'CH2 2' is £3,160. 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.

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 'CH2 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CH2 1 Upton £2,780m2 £3,250m2 £3,710m2
CH2 3 Hoole £2,600m2 £3,060m2 £3,600m2
CH2 2 Chester £2,560m2 £3,160m2 £3,650m2
CH2 4 Elton £2,270m2 £2,770m2 £3,410m2

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 CH2 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 CH2 2 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Chester (CH2 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
Brook Lane, Chester, CH2 2E 106m2 £3,228 22
Heathcote Close, Chester, CH2 2R 54m2 £2,547 15
Dicksons Drive, Chester, CH2 2B 89m2 £3,258 15
Kingsway, Chester, CH2 2F 62m2 £2,285 15
Duchess Place, Chester, CH2 2J 67m2 £2,760 15
Kingsway, Chester, CH2 2L 84m2 £2,643 15
Ullswater Crescent, Chester, CH2 2P 96m2 £3,522 14
Newry Park, Chester, CH2 2A 116m2 £2,583 13

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
7, Thornton Drive, Chester, Hoole £260,000
Feb-2024
62 4,193
26, Thirlmere Rd, Chester, Hoole £205,000
Jan-2024
72 2,847
16, Kelvin Grove, Chester, Hoole £395,000
Jan-2024
137 2,883

See the entire list of all sales in Chester (CH2 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.