Feb 07, 2023 by HM

House prices in Castle Cary (BA7 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Castle Cary (BA7 7).

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Price per square metre

Knowing the average house price in Castle Cary 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. Rosemary Cottage, Bailey Hill, Castle Cary, sold for £410,000 on Sep-2023. Given the internal area of 112 square metres, the price per sqm is £3,660.

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 106 sales in Castle Cary (BA7 7) 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 Castle Cary (BA7 7). Of the 106 transactions, half were sold for between £2,950 and £4,110 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,110m². 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 'BA7 7' is £3,470. The table below shows how 'BA7 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BA7 7 Castle Cary	£2,950m2	£3,470m2	£4,110m2

Will Castle Cary 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 BA7 7 (Castle Cary). 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 BA7 7 and the blue dots are the individual property sales that inform this trend.

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

Price map for Castle Cary

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 Castle Cary. 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 Castle Cary

Street level data

Street	Avg size	Avg £/m2	Recent sales
Churchfield Drive, Castle Cary, BA7 7L	81m2	£3,327	12
Brookfields, Castle Cary, BA7 7B	63m2	£3,176	12
Station Road, Castle Cary, BA7 7B	92m2	£2,613	11
Florida Fields, Castle Cary, BA7 7D	94m2	£3,662	10
Station Road, Castle Cary, BA7 7N	55m2	£2,625	9
South Street, Castle Cary, BA7 7E	127m2	£3,656	9
Hardy Rise, Castle Cary, BA7 7F	194m2	£2,641	7
Bailey Hill, Castle Cary, BA7 7A	103m2	£3,570	7

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Priorygate Court, Castle Cary, BA7 7H	167m2	£3,562	9
Almsford Close, Castle Cary, BA7 7F	104m2	£2,933	9

Priorygate Court, Castle Cary, BA7 7H has seen 9 new build sales in the last 4 years (average price £464,660). These new build homes typically have an internal area of 167 m2, with an average price of £3,562 m2. This £sqm average is £92 above the average for BA7 7. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Castle Cary 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
Rosemary Cottage, Bailey Hill, Castle Cary	£410,000 Sep-2023	112	3,660
8, Hallett Rd, Castle Cary	£300,000 Sep-2023	84	3,571
30, Florida Fields, Castle Cary	£600,000 Sep-2023	173	3,468

See the entire list of all sales in Castle Cary (BA7 7) here.