Feb 07, 2023 by HM

House prices in Wrenbury (CW5 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Wrenbury (CW5 8).

---

Price per square metre

Knowing the average house price in Wrenbury 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. 48, Heatley Lane, Wrenbury, Nantwich, sold for £215,000 on Sep-2023. Given the internal area of 69 square metres, the price per sqm is £3,115.

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 83 sales in Wrenbury (CW5 8) 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 Wrenbury (CW5 8). Of the 83 transactions, half were sold for between £2,610 and £3,630 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,630m². 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 8' is £3,140. The table below shows how 'CW5 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CW5 8 Wrenbury	£2,610m2	£3,140m2	£3,630m2
CW5 5 Nantwich	£2,160m2	£2,540m2	£3,130m2
CW5 6 Willaston	£2,490m2	£2,940m2	£3,440m2
CW5 7 Stapeley	£2,410m2	£2,850m2	£3,270m2

Will Wrenbury 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 8 (Wrenbury). 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 8 and the blue dots are the individual property sales that inform this trend.

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

Price map for Wrenbury

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 Wrenbury. 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 Wrenbury

Street level data

Street	Avg size	Avg £/m2	Recent sales
Nantwich Road, Wrenbury, CW5 8E	120m2	£3,039	16
Weaver Brook Way, Wrenbury, CW5 8F	128m2	£2,667	14
Sheppenhall Grove, Wrenbury, CW5 8D	165m2	£2,338	10
Oaks Close, Wrenbury, CW5 8B	128m2	£2,468	8
Chester Road, Wrenbury, CW5 8L	155m2	£2,896	8
Oakfield Avenue, Wrenbury, CW5 8E	101m2	£2,183	7
Whitchurch Road, Wrenbury, CW5 8D	102m2	£2,804	6
Sheppenhall Lane, Wrenbury, CW5 8D	159m2	£2,983	6

Search for your street here.

Raw data

Our analysis of Wrenbury 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
48, Heatley Lane, Wrenbury, Nantwich	£215,000 Sep-2023	69	3,115
St Andrews Court, Swanley Lane, Wrenbury, Nantwich	£1,325,000 Sep-2023	610	2,172
First Rose Cottage, Stoneley Green, Wrenbury, Nantwich	£335,000 Aug-2023	103	3,252

See the entire list of all sales in Wrenbury (CW5 8) here.