Feb 07, 2023 by HM

# House prices in Nantwich (CW5 5)

## Price per square metre

Knowing the average house price in Nantwich 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. 12, Rectory Close, Nantwich, sold for £142,000 on Sep-2023. Given the internal area of 52 square metres, the price per sqm is £2,730.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 311 sales in Nantwich (CW5 5) that took place in the last two years.

##### Distribution of £ per sqm for Nantwich (CW5 5)
Distribution of £ per sqm house prices in Nantwich

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 Nantwich (CW5 5). Of the 311 transactions, half were sold for between £2,130 and £3,130 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,130m2. 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 'CW5 5' is £2,540. The table below shows how 'CW5 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CW5 5 Nantwich £2,130m2 £2,540m2 £3,130m2
CW5 6 Willaston £2,450m2 £2,870m2 £3,400m2
CW5 7 Stapeley £2,400m2 £2,850m2 £3,260m2
CW5 8 Wrenbury £2,610m2 £3,140m2 £3,620m2

## Will Nantwich 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 CW5 5 (Nantwich). 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 CW5 5 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Nantwich (CW5 5) over time
House price trends for Nantwich

Hover on any blue dot to see details of specific sales

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

## Price map for Nantwich

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 Nantwich. 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 Nantwich

## Street level data

Street Avg size Avg £/m2 Recent sales
Holland Walk, Nantwich, CW5 5U 67m2 £2,216 20
Millstone Lane, Nantwich, CW5 5P 82m2 £2,433 18
Lambert Crescent, Nantwich, CW5 5U 69m2 £2,223 18
Queens Drive, Nantwich, CW5 5L 82m2 £2,324 16
Hazel Way, Nantwich, CW5 5X 117m2 £2,591 16
Taylor Drive, Nantwich, CW5 5G 76m2 £2,594 15
Barony Road, Nantwich, CW5 5Q 79m2 £2,280 15
Imperial Court, Nantwich, CW5 5G 101m2 £2,378 15

## New build activity

Street Avg size Avg £/m2 New build sales
Robin Drive, Nantwich, CW5 5X 90m2 £2,429 16

Robin Drive, Nantwich, CW5 5X has seen 16 new build sales in the last 4 years (average price £238,613). These new build homes typically have an internal area of 90 m2, with an average price of £2,429 m2. This £sqm average is £-111 below the average for CW5 5. New builds typically command a £ per sqm premium. In the case of Robin Drive 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 Nantwich 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.