Feb 07, 2023 by HM

House prices in Warley (CM14 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Warley (CM14 5).


Defining 'CM14 5'

This analysis is limited to properties whose postcode starts with "CM14 5", 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 Warley 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. 9, Mascalls Lane, Warley, sold for £453,865 on Jan-2024. Given the internal area of 99 square metres, the price per sqm is £4,584.

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. £5,150-£5,500, £5,500-£5,850, £5,850-£6,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 233 sales in Warley (CM14 5) that took place in the last two years.

Distribution of £ per sqm for Warley (CM14 5)
Distribution of £ per sqm house prices in Warley

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 Warley (CM14 5). Of the 233 transactions, half were sold for between £4,710 and £6,290 per square metre. The median, or 'middle', price per square metre in 'CM14 5' is £5,600. Notably, only 25% of properties that sold recently were valued at more than £6,290m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Warley

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 Warley. 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 Warley
House price heatmap for Warley

Comparison with neighbouring postcode sectors

The table below shows how 'CM14 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM14 5 Warley £4,710m2 £5,600m2 £6,290m2
CM14 4 Brentwood £4,490m2 £5,110m2 £5,880m2

Will Warley 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 CM14 5 (Warley). 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 CM14 5 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Warley (CM14 5) over time
House price trends for Warley

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
The Galleries, Warley, CM14 5G 80m2 £5,304 29
Woodman Road, Warley, CM14 5A 90m2 £5,641 28
Crescent Road, Warley, CM14 5J 71m2 £6,172 27
The Galleries, Warley, CM14 5F 78m2 £5,674 23
Junction Road, Warley, CM14 5J 74m2 £5,956 19
Rhapsody Crescent, Warley, CM14 5G 103m2 £4,581 18
Cromwell Road, Warley, CM14 5D 77m2 £5,438 16
Cameron Close, Warley, CM14 5B 73m2 £3,444 16

Search for your street here.

Raw data

Our analysis of Warley 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
9, Mascalls Lane, Warley £453,865
Jan-2024
99 4,584
3 Sanders Court, Junction Rd, Warley £187,000
Jan-2024
43 4,348
Flat 3 Grove House, Firsgrove Crescent, Warley £256,500
Jan-2024
56 4,580

See the entire list of all sales in Warley (CM14 5) 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.