Feb 07, 2023 by HM

House prices in Holmes Chapel (CW4 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Holmes Chapel (CW4 7).

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Price per square metre

Knowing the average house price in Holmes Chapel 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. Flat 33 Bernard Court, Chester Road, Holmes Chapel, sold for £98,000 on Sep-2023. Given the internal area of 43 square metres, the price per sqm is £2,279.

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. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 196 sales in Holmes Chapel (CW4 7) 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 Holmes Chapel (CW4 7). Of the 196 transactions, half were sold for between £2,690 and £3,850 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,850m². 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 'CW4 7' is £3,350. The table below shows how 'CW4 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CW4 7 Holmes Chapel	£2,690m2	£3,350m2	£3,850m2
CW4 8 Goostrey	£3,130m2	£3,700m2	£4,140m2

Will Holmes Chapel 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 CW4 7 (Holmes Chapel). 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 CW4 7 and the blue dots are the individual property sales that inform this trend.

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

Price map for Holmes Chapel

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 Holmes Chapel. 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 Holmes Chapel

Street level data

Street	Avg size	Avg £/m2	Recent sales
Parkway, Holmes Chapel, CW4 7F	52m2	£2,111	34
Chester Road, Holmes Chapel, CW4 7E	52m2	£2,069	21
Cotton Field Road, Holmes Chapel, CW4 7P	132m2	£2,948	16
West Way, Holmes Chapel, CW4 7D	109m2	£2,831	14
Elm Drive, Holmes Chapel, CW4 7Q	117m2	£3,670	12
Bessancourt, Holmes Chapel, CW4 7N	71m2	£3,062	11
Eastgate Road, Holmes Chapel, CW4 7B	83m2	£3,364	11
Bessancourt, Holmes Chapel, CW4 7A	67m2	£3,399	11

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Violet Way, Holmes Chapel, CW4 7F	96m2	£2,945	20
Bluebell Road, Holmes Chapel, CW4 7F	110m2	£3,137	10

Violet Way, Holmes Chapel, CW4 7F has seen 20 new build sales in the last 4 years (average price £298,255). These new build homes typically have an internal area of 96 m2, with an average price of £2,945 m2. This £sqm average is £-405 below the average for CW4 7. New builds typically command a £ per sqm premium. In the case of Violet Way the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Holmes Chapel 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
Flat 33 Bernard Court, Chester Rd, Holmes Chapel	£98,000 Sep-2023	43	2,279
24, Bessancourt, Holmes Chapel	£275,000 Sep-2023	67	4,104
12, Balmoral Drive, Holmes Chapel	£438,000 Sep-2023	121	3,619

See the entire list of all sales in Holmes Chapel (CW4 7) here.