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).


Defining 'BA7 7'

This analysis is limited to properties whose postcode starts with "BA7 7", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

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. The Cottage, Torbay Road, Castle Cary, sold for £350,000 on Jan-2024. Given the internal area of 94 square metres, the price per sqm is £3,723.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 101 sales in Castle Cary (BA7 7) that took place in the last two years.

Distribution of £ per sqm for Castle Cary (BA7 7)
Distribution of £ per sqm house prices in Castle Cary

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 Castle Cary (BA7 7). Of the 101 transactions, half were sold for between £2,880 and £4,110 per square metre. The median, or 'middle', price per square metre in 'BA7 7' is £3,500. 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.

Price map for Castle Cary

Do have a look at the interactive price map I created. 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.

Property price heatmap for Castle Cary
House price heatmap for Castle Cary

Comparison with neighbouring postcode sectors

The table below shows how 'BA7 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BA7 7 Castle Cary £2,880m2 £3,500m2 £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.

Price per square metre in Castle Cary (BA7 7) over time
House price trends for Castle Cary

Hover on any blue dot to see details of specific sales

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.

Street level data

Street Avg size Avg £/m2 Recent sales
Priorygate Court, Castle Cary, BA7 7H 171m2 £3,730 15
Brookfields, Castle Cary, BA7 7B 63m2 £3,380 12
Station Road, Castle Cary, BA7 7B 90m2 £2,642 10
Churchfield Drive, Castle Cary, BA7 7L 81m2 £3,308 10
Station Road, Castle Cary, BA7 7N 55m2 £2,677 9
Florida Fields, Castle Cary, BA7 7D 94m2 £3,768 9
South Street, Castle Cary, BA7 7E 128m2 £3,630 9
Hardy Rise, Castle Cary, BA7 7F 196m2 £2,699 8

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Almsford Close, Castle Cary, BA7 7F 104m2 £2,944 9

Almsford Close, Castle Cary, BA7 7F has seen 9 new build sales in the last 4 years (average price £321,870). These new build homes typically have an internal area of 104 m2, with an average price of £2,944 m2. This £sqm average is £-556 below the average for BA7 7. New builds typically command a £ per sqm premium. In the case of Almsford Close 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 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
33, Hallett Rd, Castle Cary £415,000
Jan-2024
127 3,267
The Cottage, Torbay Rd, Castle Cary £350,000
Jan-2024
94 3,723
Field House, Lower Ansford, Castle Cary £812,275
Jan-2024
206 3,943

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

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.