Feb 07, 2023 by HM

# House prices in Swavesey (CB24 4)

## Price per square metre

Knowing the average house price in Swavesey 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. 15, Chantry Close, Swavesey, Cottenham, sold for £495,000 on Sep-2023. Given the internal area of 129 square metres, the price per sqm is £3,837.

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 68 sales in Swavesey (CB24 4) that took place in the last two years.

##### Distribution of £ per sqm for Swavesey (CB24 4)
Distribution of £ per sqm house prices in Swavesey

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 Swavesey (CB24 4). Of the 68 transactions, half were sold for between £3,340 and £4,310 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,310m2. 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 'CB24 4' is £3,750. The table below shows how 'CB24 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CB24 3 Longstanton £3,450m2 £3,910m2 £4,440m2
CB24 6 Milton £4,510m2 £5,000m2 £5,690m2
CB24 5 Willingham £3,270m2 £3,650m2 £4,160m2
CB24 1 Northstowe £3,350m2 £4,120m2 £4,550m2
CB24 4 Swavesey £3,340m2 £3,750m2 £4,310m2
CB24 8 Cottenham £3,720m2 £4,230m2 £4,650m2
CB24 9 Histon £4,730m2 £5,250m2 £5,870m2

## Will Swavesey 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 CB24 4 (Swavesey). 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 CB24 4 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Swavesey (CB24 4) over time
House price trends for Swavesey

Hover on any blue dot to see details of specific sales

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

## Price map for Swavesey

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 Swavesey. 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 Swavesey

## Street level data

Street Avg size Avg £/m2 Recent sales
Vermuyden Way, Swavesey, CB24 4T 71m2 £3,819 12
Boxworth End, Swavesey, CB24 4R 144m2 £3,710 11
Middle Watch, Swavesey, CB24 4R 109m2 £3,112 11
Moat Way, Swavesey, CB24 4T 100m2 £3,736 10
Whitegate Close, Swavesey, CB24 4T 90m2 £3,840 8
High Street, Swavesey, CB24 4Q 83m2 £3,932 8
Moat Way, Swavesey, CB24 4G 63m2 £4,509 8
Priory Avenue, Swavesey, CB24 4R 89m2 £3,432 6

## New build activity

Street Avg size Avg £/m2 New build sales
Folly Road, Swavesey, CB24 4A 87m2 £4,084 10

Folly Road, Swavesey, CB24 4A has seen 10 new build sales in the last 4 years (average price £353,418). These new build homes typically have an internal area of 87 m2, with an average price of £4,084 m2. This £sqm average is £334 above the average for CB24 4. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of Swavesey 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.