Feb 07, 2023 by HM

# House prices in Hardwick (CB23 7)

## Defining 'CB23 7'

This analysis is limited to properties whose postcode starts with "CB23 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 Hardwick 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. 1, Ellison Lane, Hardwick, Great Cambourne, sold for £490,000 on Feb-2024. Given the internal area of 117 square metres, the price per sqm is £4,188.

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. £4,150-£4,500, £4,500-£4,850, £4,850-£5,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 163 sales in Hardwick (CB23 7) that took place in the last two years.

##### Distribution of £ per sqm for Hardwick (CB23 7)
Distribution of £ per sqm house prices in Hardwick

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 Hardwick (CB23 7). Of the 163 transactions, half were sold for between £4,090 and £5,220 per square metre. The median, or 'middle', price per square metre in 'CB23 7' is £4,560. Notably, only 25% of properties that sold recently were valued at more than £5,220m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Hardwick

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 Hardwick. 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.

House price heatmap for Hardwick

## Comparison with neighbouring postcode sectors

The table below shows how 'CB23 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CB23 4 Elsworth £3,510m2 £4,130m2 £4,530m2
CB23 1 Haslingfield £3,930m2 £4,580m2 £5,640m2
CB23 7 Hardwick £4,090m2 £4,560m2 £5,220m2
CB23 3 Papworth Everard £3,140m2 £3,640m2 £4,160m2
CB23 8 Bar Hill £3,550m2 £4,280m2 £4,600m2
CB23 2 Bourn £3,900m2 £4,600m2 £5,490m2
CB23 5 Great Cambourne £2,850m2 £3,320m2 £3,910m2
CB23 6 Upper Cambourne £3,180m2 £3,780m2 £4,400m2

## Will Hardwick 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 CB23 7 (Hardwick). 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 CB23 7 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Hardwick (CB23 7) over time
House price trends for Hardwick

Hover on any blue dot to see details of specific sales

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

## Street level data

Street Avg size Avg £/m2 Recent sales
Limes Road, Hardwick, CB23 7X 84m2 £4,609 20
Highfields Road, Hardwick, CB23 7N 161m2 £4,040 17
Silverdale Avenue, Hardwick, CB23 7P 85m2 £4,234 12
Hillfield Road, Hardwick, CB23 7D 73m2 £3,806 11
Swaynes Lane, Hardwick, CB23 7E 145m2 £4,418 10
Bramley Way, Hardwick, CB23 7X 76m2 £4,168 9
Barton Road, Hardwick, CB23 7B 115m2 £5,034 9
West Drive, Hardwick, CB23 7N 138m2 £3,942 9

## New build activity

Street Avg size Avg £/m2 New build sales
Johnson Drive, Hardwick, CB23 7E 123m2 £4,204 15
Webb Close, Hardwick, CB23 7E 102m2 £4,874 10

Johnson Drive, Hardwick, CB23 7E has seen 15 new build sales in the last 4 years (average price £501,273). These new build homes typically have an internal area of 123 m2, with an average price of £4,204 m2. This £sqm average is £-356 below the average for CB23 7. New builds typically command a £ per sqm premium. In the case of Johnson Drive 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 Hardwick 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.