Feb 07, 2023 by HM

House prices in Waverton (CH3 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Waverton (CH3 7).


Defining 'CH3 7'

This analysis is limited to properties whose postcode starts with "CH3 7", 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 Waverton 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. Lower Greenwalls, Eggbridge Lane, Waverton, Vicars Cross, sold for £720,000 on Feb-2024. Given the internal area of 180 square metres, the price per sqm is £4,000.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 123 sales in Waverton (CH3 7) that took place in the last two years.

Distribution of £ per sqm for Waverton (CH3 7)
Distribution of £ per sqm house prices in Waverton

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 Waverton (CH3 7). Of the 123 transactions, half were sold for between £3,230 and £4,120 per square metre. The median, or 'middle', price per square metre in 'CH3 7' is £3,700. Notably, only 25% of properties that sold recently were valued at more than £4,120m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Waverton

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 Waverton. 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 Waverton
House price heatmap for Waverton

Comparison with neighbouring postcode sectors

The table below shows how 'CH3 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CH3 6 Huntington £2,950m2 £3,430m2 £3,840m2
CH3 7 Waverton £3,230m2 £3,700m2 £4,120m2
CH3 5 Vicars Cross £2,580m2 £3,160m2 £3,730m2
CH3 8 Tarvin £2,780m2 £3,320m2 £4,050m2
CH3 9 Tattenhall £2,710m2 £3,490m2 £4,010m2

Will Waverton 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 CH3 7 (Waverton). 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 CH3 7 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Waverton (CH3 7) over time
House price trends for Waverton

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Ringway, Waverton, CH3 7N 93m2 £3,568 14
Troopers Close, Waverton, CH3 7D 66m2 £2,476 10
Tarvin Road, Waverton, CH3 7D 202m2 £3,070 10
Guilden Sutton Lane, Waverton, CH3 7E 110m2 £3,082 9
Oaklands, Waverton, CH3 7H 112m2 £3,466 9
Greenfield Road, Waverton, CH3 7N 82m2 £4,043 8
Station Lane, Waverton, CH3 7J 181m2 £3,075 7
Manor Park, Waverton, CH3 7L 133m2 £4,171 7

Search for your street here.

Raw data

Our analysis of Waverton 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
Lower Greenwalls, Eggbridge Lane, Waverton, Vicars Cross £720,000
Feb-2024
180 4,000
6, Dormer Close, Waverton, Vicars Cross £418,000
Feb-2024
130 3,215
10, Waverton Mill Quays, Waverton, Vicars Cross £380,000
Jan-2024
119 3,193

See the entire list of all sales in Waverton (CH3 7) 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.