Feb 07, 2023 by HM

House prices in Prenton (CH43 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Prenton (CH43 1).


Price per square metre

Knowing the average house price in Prenton 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, Manor Hill, Prenton, sold for £290,000 on Sep-2023. Given the internal area of 111 square metres, the price per sqm is £2,612.

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 77 sales in Prenton (CH43 1) that took place in the last two years.

Distribution of £ per sqm for Prenton (CH43 1)
Distribution of £ per sqm house prices in Prenton

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 Prenton (CH43 1). Of the 77 transactions, half were sold for between £1,670 and £2,410 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,410m2. 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 'CH43 1' is £1,920. The table below shows how 'CH43 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CH43 0 Prenton £2,170m2 £2,500m2 £2,720m2
CH43 9 Prenton £1,740m2 £2,180m2 £2,570m2
CH43 8 Prenton £1,540m2 £1,980m2 £2,380m2
CH43 1 Prenton £1,670m2 £1,920m2 £2,410m2
CH43 2 Prenton £1,760m2 £2,260m2 £2,660m2
CH43 3 Prenton £2,070m2 £2,420m2 £2,810m2
CH43 6 Prenton £1,760m2 £1,980m2 £2,240m2
CH43 7 Prenton £1,680m2 £2,360m2 £2,690m2
CH43 4 Prenton £1,060m2 £1,310m2 £1,730m2
CH43 5 Prenton £1,910m2 £2,210m2 £2,720m2

Will Prenton 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 CH43 1 (Prenton). 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 CH43 1 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Prenton (CH43 1) over time
House price trends for Prenton

Hover on any blue dot to see details of specific sales

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

Price map for Prenton

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 Prenton. 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.

Property price heatmap for Prenton
House price heatmap for Prenton

Street level data

Street Avg size Avg £/m2 Recent sales
Palm Grove, Prenton, CH43 1T 134m2 £2,140 14
Beresford Road, Prenton, CH43 1X 92m2 £1,762 13
Cearns Road, Prenton, CH43 1X 79m2 £1,694 12
Caroline Place, Prenton, CH43 1T 83m2 £1,461 12
Devonshire Place, Prenton, CH43 1T 75m2 £1,888 10
Charlesville, Prenton, CH43 1T 70m2 £1,881 9
St Vincent Road, Prenton, CH43 1U 107m2 £1,994 8
St Andrews Road, Prenton, CH43 1T 174m2 £2,025 7

Search for your street here.

Raw data

Our analysis of Prenton 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, Manor Hill, Prenton £290,000
Sep-2023
111 2,612
6 Alton Court, Alton Rd, Prenton £99,950
Sep-2023
56 1,784
Flat 2 79, Beresford Rd, Prenton £160,000
Aug-2023
104 1,538

See the entire list of all sales in Prenton (CH43 1) 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.