Feb 07, 2023 by HM

House prices in Scotby (CA4 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Scotby (CA4 8).

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Price per square metre

Knowing the average house price in Scotby 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. 14, Jennet Croft, Scotby, sold for £250,000 on Sep-2023. Given the internal area of 60 square metres, the price per sqm is £4,166.

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. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 185 sales in Scotby (CA4 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 Scotby (CA4 8). Of the 185 transactions, half were sold for between £1,960 and £2,900 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,900m². 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 'CA4 8' is £2,440. The table below shows how 'CA4 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CA4 9 Armathwaite	£2,620m2	£2,880m2	£3,070m2
CA4 0 Cotehill	£1,890m2	£2,350m2	£2,830m2
CA4 8 Scotby	£1,960m2	£2,440m2	£2,900m2

Will Scotby 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 CA4 8 (Scotby). 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 CA4 8 and the blue dots are the individual property sales that inform this trend.

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

Price map for Scotby

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 Scotby. 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 Scotby

Street level data

Street	Avg size	Avg £/m2	Recent sales
Scotby Road, Scotby, CA4 8B	123m2	£2,201	23
Broomfallen Road, Scotby, CA4 8D	154m2	£2,077	19
Greenacres, Scotby, CA4 8L	104m2	£2,846	15
Hurley Road, Scotby, CA4 8Q	91m2	£2,124	12
Alders Edge, Scotby, CA4 8F	104m2	£2,378	12
Little Corby Road, Scotby, CA4 8Q	113m2	£1,950	11
The Old Tannery, Scotby, CA4 8A	90m2	£2,141	11
Scotby Village, Scotby, CA4 8B	140m2	£2,180	9

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
St Benedicts Way, Scotby, CA4 8F	154m2	£2,614	12

St Benedicts Way, Scotby, CA4 8F has seen 12 new build sales in the last 4 years (average price £407,319). These new build homes typically have an internal area of 154 m2, with an average price of £2,614 m2. This £sqm average is £174 above the average for CA4 8. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Scotby 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
14, Jennet Croft, Scotby	£250,000 Sep-2023	60	4,166
Laurel Cottage, Station Rd, Scotby	£207,500 Sep-2023	73	2,842
Highfield, , Scotby	£161,500 Sep-2023	143	1,129

See the entire list of all sales in Scotby (CA4 8) here.