Feb 07, 2023 by HM

House prices in Nantwich (CW5 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Nantwich (CW5 5).

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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.

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.

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

Search for your street here.

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.

Address	Paid	m2	£/m2
12, Rectory Close, Nantwich	£142,000 Sep-2023	52	2,730
72, Millstone Lane, Nantwich	£227,500 Sep-2023	79	2,879
38, Scaife Rd, Nantwich	£168,000 Aug-2023	73	2,301

See the entire list of all sales in Nantwich (CW5 5) here.