Feb 07, 2023 by HM

House prices in Parkgate (CH64 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Parkgate (CH64 6).

---

Price per square metre

Knowing the average house price in Parkgate 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, Earle Drive, Parkgate, Little Neston, sold for £475,000 on Sep-2023. Given the internal area of 117 square metres, the price per sqm is £4,059.

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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 72 sales in Parkgate (CH64 6) that took place in the last two years.

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 Parkgate (CH64 6). Of the 72 transactions, half were sold for between £3,090 and £4,120 per square metre. 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.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CH64 6' is £3,610. The table below shows how 'CH64 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CH64 2 Willaston	£2,810m2	£3,250m2	£3,790m2
CH64 5 Burton	£3,480m2	£3,810m2	£5,150m2
CH64 6 Parkgate	£3,090m2	£3,610m2	£4,120m2
CH64 3 Neston	£2,320m2	£2,730m2	£3,360m2
CH64 8 Burton	£3,600m2	£3,730m2	£3,850m2
CH64 7 Neston	£2,770m2	£3,490m2	£3,850m2
CH64 0 Little Neston	£2,640m2	£3,120m2	£3,650m2
CH64 1 Willaston	£3,380m2	£3,720m2	£4,300m2
CH64 4 Little Neston	£2,740m2	£3,250m2	£3,940m2
CH64 9 Little Neston	£1,980m2	£2,770m2	£3,330m2

Will Parkgate 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 CH64 6 (Parkgate). 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 CH64 6 and the blue dots are the individual property sales that inform this trend.

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

Price map for Parkgate

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 Parkgate. 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 Parkgate

Street level data

Street	Avg size	Avg £/m2	Recent sales
Deeside Court, Parkgate, CH64 6T	48m2	£1,700	12
Earle Drive, Parkgate, CH64 6R	188m2	£3,617	8
Mill Street, Parkgate, CH64 6Q	82m2	£2,986	8
Station Road, Parkgate, CH64 6Q	76m2	£2,891	8
Tithebarn Drive, Parkgate, CH64 6R	98m2	£4,271	7
Moorside Avenue, Parkgate, CH64 6Q	148m2	£3,351	7
Grenfell Park, Parkgate, CH64 6U	83m2	£3,836	6
Parkgate Road, Parkgate, CH64 6Q	138m2	£3,413	6

Search for your street here.

Raw data

Our analysis of Parkgate 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, Earle Drive, Parkgate, Little Neston	£475,000 Sep-2023	117	4,059
8, Mill St, Parkgate, Little Neston	£148,750 Aug-2023	48	3,098
15, Mostyn Gardens, Parkgate, Little Neston	£282,500 Jun-2023	77	3,668

See the entire list of all sales in Parkgate (CH64 6) here.