Feb 07, 2023 by HM

# House prices in New Brighton (CH45 1)

This article reveals price per square metre data and various charts to help you understand current housing market in New Brighton (CH45 1).

## Price per square metre

Knowing the average house price in New Brighton 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. 6, Lakeside Court, New Brighton, Wallasey, sold for £215,000 on Aug-2023. Given the internal area of 82 square metres, the price per sqm is £2,621.

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. £1,900-£2,000, £2,000-£2,100, £2,100-£2,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 69 sales in New Brighton (CH45 1) that took place in the last two years.

##### Distribution of £ per sqm for New Brighton (CH45 1)
Distribution of £ per sqm house prices in New Brighton

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 New Brighton (CH45 1). Of the 69 transactions, half were sold for between £1,550 and £2,310 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,310m2. 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 'CH45 1' is £2,030. The table below shows how 'CH45 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CH45 1 New Brighton £1,550m2 £2,030m2 £2,310m2
CH45 5 Wallasey £1,560m2 £1,810m2 £2,120m2
CH45 0 Wallasey £1,490m2 £2,080m2 £2,680m2
CH45 3 Wallasey £1,720m2 £2,210m2 £2,540m2
CH45 6 Wallasey £1,710m2 £2,100m2 £2,310m2
CH45 8 Wallasey £1,930m2 £2,190m2 £2,610m2
CH45 7 Wallasey £1,470m2 £1,740m2 £2,020m2
CH45 2 Wallasey £1,530m2 £1,840m2 £2,140m2
CH45 4 Wallasey £1,470m2 £1,670m2 £1,990m2
CH45 9 Wallasey £1,490m2 £1,800m2 £2,270m2

## Will New Brighton 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 CH45 1 (New Brighton). 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 CH45 1 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in New Brighton (CH45 1) over time
House price trends for New Brighton

Hover on any blue dot to see details of specific sales

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

## Price map for New Brighton

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 New Brighton. 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 New Brighton

## Street level data

Street Avg size Avg £/m2 Recent sales
Duke Street, New Brighton, CH45 1J 87m2 £1,567 16
Dalmorton Road, New Brighton, CH45 1L 155m2 £1,673 12
Rake Lane, New Brighton, CH45 1J 106m2 £1,566 11
Molyneux Drive, New Brighton, CH45 1J 72m2 £1,877 11
Melling Road, New Brighton, CH45 1N 88m2 £1,494 10
Magazine Lane, New Brighton, CH45 1L 121m2 £1,870 8
Osborne Grove, New Brighton, CH45 1J 83m2 £2,222 6
Grosvenor Drive, New Brighton, CH45 1L 146m2 £1,573 6

## Raw data

Our analysis of New Brighton 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.