House prices in 'CV3 5', Cheylesmore

Price per square metre data and charts revealed. Latest statistics for the housing market in 'CV3 5' (Cheylesmore, Binley) - calculated on 04 February 2026.

Defining 'CV3 5'

This analysis is limited to properties whose postcode starts with "CV3 5", this is also called the postcode sector. There are no official postcode sector names so I've just labelled it CV3 5, Cheylesmore. It is shown in red on the map below.

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You can click on the map above to change to a neighbouring sector, or you can use the search form below.

Price per square metre

Knowing the average house price in CV3 5 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

For example in December 2025, 1, Calder Close, Cheylesmore, CV3 5PN sold for £317,500. Given the internal area of 72 square metres recorded on the EPC, the price per sqm is £317,500 ÷ 72 sqm = £4,409.

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 ;-). You can change your prefered units from square meters to square feet for all the graphs and charts on CV3 5 and elsewhere. Just visit the My Account page and look for the m2 to ft2 toggle switch. Alternatively just multiply everything by 10, move a decimal place to go from sqm to sqft and you'll be close enough as 1 sqm = 10.76391 sqft.

Distribution of £ per sqm for 'CV3 5' vs 'CV3'

The chart above is called a histogram, it helps you see the distribution of house price per sqm in CV3 5 To make this chart we put all the sales data into a series of £ per sqm 'buckets' (e.g. £2,900 to £3,000, £3,000 to £3,100, £3,100 to £3,200 etc...) we then count the number of sales with within in each bucket and plot the results. The histogram is based on 297 sales that took place in CV3 5, Cheylesmore, Binley in the last 24 months.

Generate a custom histogram like the one above but based on your own criteria.

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 CV3 5, Cheylesmore. Notably, only 25% of properties that sold recently were valued at more than £3,530 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of CV3 5 homes.

Box plot of £ per sqm for CV3 5

Tip: click on the chart to see the values.

The chart above is called a boxplot (or a box-and-whisker plot). Box plots, like histograms, are used to graphically represent the distribution of data, showing the central tendency, spread of the distribution. In the context of £ per square metre property price distributions, box plots represent the variation in property prices within a geographic area e.g. Cheylesmore. The chart above shows a boxplot for 'CV3 5' as well as the 'CV3' postcode district.

  • Median: The horizontal line inside the box represents the median (£ per square meter). This is the midpoint of the data, meaning 50% of the prices are below this value, and 50% are above. The middle price per square metre in 'CV3 5' is £3,080.
  • Interquartile Range (IQR): The box spans from the 25th percentile (Q1) to the 75th percentile (Q3). This is the range where the middle 50% of the data lies, giving a good indication of the typical price spread. Of the 297 transactions in CV3 5, Cheylesmore half were sold for between £2,650 and £3,530 per square metre.
  • Whiskers: In our case, the whiskers extend from the 9th percentile (at the lower end) to the 91st percentile (at the upper end), This provides a slightly broader view of the distribution by including the middle 82% of records. The whiskers capture most of the variation but exclude extreme outliers caused by data errors in recording sold house prices or internal area.
  • 'n=' is the number of property transactions the box plot is based on; 297 for CV3 5, Cheylesmore.

    • Property price map for Cheylesmore

    Have a look at the interactive price map I created for myself. Use it to explore 'CV3 5' house prices all the way down to individual property plots.

    Property price heatmap for Cheylesmore
    House price map for Cheylesmore

    Cheylesmore house price forecasting

    House prices in CV3 5 fell -0.3% in the last year, -4.0% after inflation. Whether or not this trend will continue depends on many factors, such as wage growth, net migration, interest rates and the level of house building. No one can predict these things with certainty however we can plot the historic trends in house prices in CV3 5 (Cheylesmore) compared with the wider postcode district of CV3.

    House price index for CV3 5

    Tip: click on the legend items to show/hide different lines

    Download house price index as CSV (premium users only).

    The chart above shows changes in 'CV3 5' property prices over the last 20 years. The index is calculated from the average price paid per sqm for property in CV3 5 and is set to 100 in 2004. I'm comparing the trends for CV3 5,Cheylesmore with the wider postcode district of CV3 What is more interesting is to look at the difference between flats and houses, even those in the same area follow a very different trend, to get a robust enough sample size to see this we need to zoom out and look at house price trends for the entire Coventry local authority.

    The dashed lines show nominal house price changes, the solid lines show the same data adjusted for inflation. Economists call this the 'real' price change. You have to take inflation into account when comparing prices over time. It's calculated using the formula:

    Real Rate of Return = (1 + Nominal Rate) ÷ (1 + Inflation Rate) – 1
    In this formula, the nominal rate is the rate of change before any adjustments, and the inflation rate is taken from the Consumer Price Index. The real rate of return is a more accurate measure of change in value, because £1 today does not have the same buying power as £1 in the past. For example, if a savings account pays an interest rate of 3% per year and the inflation rate is 5% per year, the real rate of return is -2%. This means that the investment's value is shrinking by 2% each year.

    Historic returns for CV3 5
    CV3 5 sector CV3 district
    Nominal Real Nominal Real
    20 yr per annum 3.1% 0.3% 3.3% 0.5%
    20 yr total 84.4% 6.9% 89.7% 9.9%
    10 yr per annum 3.7% 0.6% 4.1% 0.9%
    10 yr total 44.1% 5.8% 49.4% 9.7%
    5 yr per annum 2.5% -1.9% 3.5% -1.0%
    5 yr total 13.2% -9.2% 18.9% -4.7%
    1 yr per annum -0.3% -4.0% 0.8% -3.0%
    1 yr total -0.3% -4.0% 0.8% -3.0%

    This table complements the house price index chart above, presenting the data in a more detailed format. It breaks down the information into 20-year, 10-year, 5-year, and 1-year periods, further categorized by property type. For each period, we display both a per annum rate of change and a total rate of change.

    The total rate of change represents the overall change over the entire period. The formula for total return is:

    Total return = (Index at end of period ÷ Index at start of period) - 1

    The per annum rate of change is the annualized rate of change over the period. This is equivalent to the annual bank savings rate you would need to achieve the same total return over the given period. This annualized return is also known as the Compound Annual Growth Rate (CAGR). The formula for CAGR is:

    CAGR = (1 + Total return) ^ (1 ÷ Number of years) - 1

    Some specific examples:

    • Over the past 20 years, CV3 5 sector have seen a 0.3% annual change when adjusted for inflation. This translates to a total change of 6.9% in real terms.
    • Over the past 5 years, CV3 district have seen a -1.0% annual change when adjusted for inflation. This translates to a total change of -4.7% in real terms.

    Most recent CV3 5 sales

    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.

    Tip: hover over dots to see details

    Street level data

    Street Avg size Avg £sqm Recent sales
    Daventry Road, Cheylesmore, CV3 5H 95 sqm £3,188 16
    Dillotford Avenue, Cheylesmore, CV3 5E 82 sqm £2,740 14
    The Chesils, Cheylesmore, CV3 5B 117 sqm £3,483 14
    Daventry Road, Cheylesmore, CV3 5D 111 sqm £3,237 13
    Charminster Drive, Cheylesmore, CV3 5A 57 sqm £2,257 13
    Watercall Avenue, Cheylesmore, CV3 5A 112 sqm £3,519 12
    Queen Isabels Avenue, Cheylesmore, CV3 5G 83 sqm £2,940 12
    Black Prince Avenue, Cheylesmore, CV3 5J 61 sqm £2,646 12

    Search for your street here.

    Nearby geographies

    The table below shows how 'CV3 5' compares to the other postcode sectors in CV3.

    Sector Lower quartile Median Upper quartile Sales in last 2yr
    CV8 3 Wolston £2,980 sqm £3,600 sqm £4,140 sqm 189
    CV5 6 Earlsdon £2,470 sqm £2,890 sqm £3,460 sqm 461
    CV3 6 Finham £2,990 sqm £3,520 sqm £3,930 sqm 325
    CV3 5 Cheylesmore £2,650 sqm £3,080 sqm £3,530 sqm 297
    CV3 4 Whitley £2,140 sqm £2,530 sqm £2,920 sqm 157
    CV3 3 Willenhall £2,000 sqm £2,400 sqm £3,240 sqm 136
    CV3 2 Binley £2,530 sqm £2,990 sqm £3,550 sqm 425
    CV3 1 Stoke £2,240 sqm £2,610 sqm £3,240 sqm 250
    CV1 2 Stoke £1,640 sqm £2,100 sqm £2,490 sqm 129

    Raw data

    Our analysis of CV3 5 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 sqm £/sqm
    1, Calder Close, Cheylesmore, Binley £317,500
    Dec-2025
    		 72 4,409
    132, Charminster Drive, Cheylesmore, Binley £235,000
    Dec-2025
    		 60 3,916
    343, Dillotford Avenue, Cheylesmore, Binley £215,000
    Nov-2025
    		 82 2,621

    See the entire list of all sales in CV3 5 here.

    About

    I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.