# House prices in CW1 4 (Crewe)

## Defining 'CW1 4'

This analysis is limited to properties whose postcode starts with "CW1 4", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Crewe.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Crewe 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. 3, Castlemere Drive, Crewe, sold for £170,000 on Mar-2024. Given the internal area of 66 square metres, the price per sqm is £2,575.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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 266 sales in Crewe (CW1 4) that took place in the last two years.

##### Distribution of £ per sqm for Crewe
Distribution of £ per sqm house prices in Crewe

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 Crewe (CW1 4). Of the 266 transactions, half were sold for between £1,630 and £2,600 per square metre. The median, or 'middle', price per square metre in 'CW1 4' is £2,130. Notably, only 25% of properties that sold recently were valued at more than £2,600 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Crewe

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 Crewe. 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 Crewe

## Comparison with neighbouring postcode sectors

The table below shows how 'CW1 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CW1 3 Crewe £1,310 sqm £1,760 sqm £2,320 sqm
CW1 5 Haslington £2,180 sqm £2,580 sqm £2,990 sqm
CW1 2 Crewe £1,200 sqm £1,400 sqm £1,490 sqm
CW1 6 Crewe £1,360 sqm £1,670 sqm £2,520 sqm
CW1 4 Crewe £1,630 sqm £2,130 sqm £2,600 sqm

## Will Crewe 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 chart below for CW1 4 (Crewe) compared with both the wider area CW1 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Crewe,Crewe
House price trends for Crewe

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CW1 4 sales
Recent trends for Crewe

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Crewe to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Crewe 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Remer Street, Crewe, CW1 4L 83 sqm £1,892 29
Middlewich Street, Crewe, CW1 4D 82 sqm £1,717 23
Lime Tree Avenue, Crewe, CW1 4H 84 sqm £1,524 21
Lambourn Drive, Crewe, CW1 4T 89 sqm £2,417 17
Henry Street, Crewe, CW1 4B 82 sqm £1,404 16
Broad Street, Crewe, CW1 4G 90 sqm £2,479 14
Broad Street, Crewe, CW1 4J 79 sqm £1,540 14
Hall O'Shaw Street, Crewe, CW1 4A 69 sqm £1,137 14

## Raw data

Our analysis of Crewe 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.