Feb 07, 2023 by HM

# House prices in Elton (CH2 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Elton (CH2 4).

## Defining 'CH2 4'

This analysis is limited to properties whose postcode starts with "CH2 4", 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 Elton 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. 2 Morningside, Ince Lane, Elton, Hoole, sold for £172,500 on Feb-2024. Given the internal area of 62 square metres, the price per sqm is £2,782.

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 158 sales in Elton (CH2 4) that took place in the last two years.

##### Distribution of £ per sqm for Elton (CH2 4)
Distribution of £ per sqm house prices in Elton

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 Elton (CH2 4). Of the 158 transactions, half were sold for between £2,270 and £3,410 per square metre. The median, or 'middle', price per square metre in 'CH2 4' is £2,770. Notably, only 25% of properties that sold recently were valued at more than £3,410m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Elton

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 Elton. 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.

House price heatmap for Elton

## Comparison with neighbouring postcode sectors

The table below shows how 'CH2 4' 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 Elton 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 4 (Elton). 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 4 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Elton (CH2 4) over time
House price trends for Elton

Hover on any blue dot to see details of specific sales

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

## Street level data

Street Avg size Avg £/m2 Recent sales
Springfields, Elton, CH2 4E 67m2 £2,966 19
Coppice Green, Elton, CH2 4R 106m2 £2,366 16
Holm Drive, Elton, CH2 4R 68m2 £2,255 12
Warrington Road, Elton, CH2 4E 158m2 £2,801 10
Station Lane, Elton, CH2 4E 157m2 £3,543 10
Wells Close, Elton, CH2 4D 73m2 £3,054 9
Brackendale, Elton, CH2 4P 72m2 £2,070 9
Hallfield Drive, Elton, CH2 4P 78m2 £2,351 9

Search for your street here.

## Raw data

Our analysis of Elton 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
2 Morningside, Ince Lane, Elton, Hoole £172,500
Feb-2024
62 2,782
Hollybank, Hallsgreen Lane, Elton, Hoole £595,000
Jan-2024
154 3,863
17, Ince Lane, Elton, Hoole £130,000
Jan-2024
74 1,756

#### 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.