# House prices in CT1 3 (Canterbury)

## Defining 'CT1 3'

This analysis is limited to properties whose postcode starts with "CT1 3", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Canterbury.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Canterbury 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. 2a, The Foreland, Canterbury, sold for £575,000 on Mar-2024. Given the internal area of 184 square metres, the price per sqm is £3,125.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 299 sales in Canterbury (CT1 3) that took place in the last two years.

##### Distribution of £ per sqm for Canterbury
Distribution of £ per sqm house prices in Canterbury

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 Canterbury (CT1 3). Of the 299 transactions, half were sold for between £3,210 and £4,410 per square metre. The median, or 'middle', price per square metre in 'CT1 3' is £3,750. Notably, only 25% of properties that sold recently were valued at more than £4,410 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Canterbury

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 Canterbury. 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 Canterbury

## Comparison with neighbouring postcode sectors

The table below shows how 'CT1 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CT1 2 Canterbury £3,260 sqm £3,960 sqm £4,620 sqm
CT1 1 Canterbury £3,010 sqm £3,510 sqm £4,140 sqm
CT1 3 Canterbury £3,210 sqm £3,750 sqm £4,410 sqm

## Will Canterbury 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 chart below for CT1 3 (Canterbury) compared with both the wider area CT1 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Canterbury,Canterbury
House price trends for Canterbury

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CT1 3 sales
Recent trends for Canterbury

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Canterbury to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Canterbury 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.

## Street level data

Street Avg size Avg £sqm Recent sales
George Roche Road, Canterbury, CT1 3F 78 sqm £3,339 27
New Dover Road, Canterbury, CT1 3D 89 sqm £3,357 24
Ashford Road, Canterbury, CT1 3X 88 sqm £3,137 23
Homersham, Canterbury, CT1 3R 83 sqm £3,412 20
Martyrs Field Road, Canterbury, CT1 3P 91 sqm £3,317 18
Old Dover Road, Canterbury, CT1 3D 76 sqm £3,562 17
Wincheap, Canterbury, CT1 3T 97 sqm £3,224 16
Lansdown Road, Canterbury, CT1 3J 74 sqm £3,906 15

## New build activity

Street Avg size Avg £sqm New build sales
Broadbank Way, Canterbury, CT1 3Z 102 sqm £3,930 9

Broadbank Way, Canterbury, CT1 3Z has seen 9 new build sales in the last 4 years (average price £396,417). These new build homes typically have an internal area of 102 sqm, with an average price of £3,930 sqm. This £sqm average is £180 above the average for CT1 3. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of Canterbury 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.