# House prices in CW4 7 (Holmes Chapel)

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

## Defining 'CW4 7'

This analysis is limited to properties whose postcode starts with "CW4 7", 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 Holmes Chapel.

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 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. 14, Jodrell Close, Holmes Chapel, sold for £475,000 on Mar-2024. Given the internal area of 152 square metres, the price per sqm is £3,125.

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. £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 186 sales in Holmes Chapel (CW4 7) that took place in the last two years.

##### Distribution of £ per sqm for Holmes Chapel
Distribution of £ per sqm house prices in Holmes Chapel

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 Holmes Chapel (CW4 7). Of the 186 transactions, half were sold for between £2,690 and £3,910 per square metre. The median, or 'middle', price per square metre in 'CW4 7' is £3,400. Notably, only 25% of properties that sold recently were valued at more than £3,910 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 Holmes Chapel

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 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.

House price heatmap for Holmes Chapel

## Comparison with neighbouring postcode sectors

The table below shows how 'CW4 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CW4 7 Holmes Chapel £2,690 sqm £3,400 sqm £3,910 sqm
CW4 8 Goostrey £3,150 sqm £3,720 sqm £4,180 sqm

## 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 chart below for CW4 7 (Holmes Chapel) compared with both the wider area CW4 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 Holmes Chapel,Holmes Chapel
House price trends for Holmes Chapel

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 CW4 7 sales
Recent trends for Holmes Chapel

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 Holmes Chapel 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 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Parkway, Holmes Chapel, CW4 7F 52 sqm £2,127 35
Chester Road, Holmes Chapel, CW4 7E 53 sqm £2,114 24
West Way, Holmes Chapel, CW4 7D 109 sqm £2,897 14
Macclesfield Road, Holmes Chapel, CW4 7N 98 sqm £3,061 14
Elm Drive, Holmes Chapel, CW4 7Q 117 sqm £3,748 13
Chestnut Drive, Holmes Chapel, CW4 7Q 109 sqm £3,259 12
Eastgate Road, Holmes Chapel, CW4 7B 83 sqm £3,358 12
Bluebell Road, Holmes Chapel, CW4 7F 110 sqm £3,172 11

## 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.