Feb 07, 2023 by HM

House prices in Canterbury (CT2 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Canterbury (CT2 7).


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. 36a, North Lane, Canterbury, sold for £250,000 on Aug-2023. Given the internal area of 52 square metres, the price per sqm is £4,807.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 235 sales in Canterbury (CT2 7) that took place in the last two years.

Distribution of £ per sqm for Canterbury (CT2 7)
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.

That said, the spread of prices will give you a feel of the typical range to expect in Canterbury (CT2 7). Of the 235 transactions, half were sold for between £3,180 and £4,350 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,350m2. 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 'CT2 7' is £3,670. The table below shows how 'CT2 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CT2 0 Sturry £3,200m2 £3,760m2 £4,230m2
CT2 7 Canterbury £3,180m2 £3,670m2 £4,350m2
CT2 9 Blean £3,620m2 £4,340m2 £4,960m2
CT2 8 Canterbury £3,510m2 £4,140m2 £4,910m2

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 scatter plot below for CT2 7 (Canterbury). 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 CT2 7 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Canterbury (CT2 7) over time
House price trends for Canterbury

Hover on any blue dot to see details of specific sales

Disclaimer: 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. 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 Canterbury data or any other data I am given.

Price map for Canterbury

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 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. I will explain more about the methodology and create a key next week.

Property price heatmap for Canterbury
House price heatmap for Canterbury

Street level data

Street Avg size Avg £/m2 Recent sales
Kemsing Gardens, Canterbury, CT2 7R 84m2 £3,251 20
St Stephens Road, Canterbury, CT2 7H 70m2 £3,674 18
Westwood Drive, Canterbury, CT2 7U 77m2 £3,876 16
Station Road West, Canterbury, CT2 7J 49m2 £2,588 15
Ulcombe Gardens, Canterbury, CT2 7Q 89m2 £3,141 14
St Stephens Road, Canterbury, CT2 7J 94m2 £3,699 14
Downs Road, Canterbury, CT2 7T 88m2 £2,746 13
Westwood Drive, Canterbury, CT2 7W 127m2 £3,430 13

Search for your street here.

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.

Address Paid m2 £/m2
36a, North Lane, Canterbury £250,000
Aug-2023
52 4,807
37, Tenterden Drive, Canterbury £255,000
Aug-2023
64 3,984
46, St Stephens Rd, Canterbury £260,000
Jul-2023
60 4,333

See the entire list of all sales in Canterbury (CT2 7) 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.