House prices in CT2 8 (Canterbury)

This article reveals price per square metre data and various charts to help you understand current housing market in Canterbury (CT2 8).


Defining 'CT2 8'

This analysis is limited to properties whose postcode starts with "CT2 8", 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. 18 Abbots Lodge, Roper Road, Canterbury, sold for £137,500 on Mar-2024. Given the internal area of 45 square metres, the price per sqm is £3,055.

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 171 sales in Canterbury (CT2 8) 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 (CT2 8). Of the 171 transactions, half were sold for between £3,500 and £4,920 per square metre. The median, or 'middle', price per square metre in 'CT2 8' is £4,100. Notably, only 25% of properties that sold recently were valued at more than £4,920 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.

Property price heatmap for Canterbury
House price heatmap for Canterbury

Comparison with neighbouring postcode sectors

The table below shows how 'CT2 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CT2 9 Blean £3,780 sqm £4,430 sqm £4,990 sqm
CT2 0 Sturry £3,150 sqm £3,720 sqm £4,290 sqm
CT2 7 Canterbury £3,120 sqm £3,710 sqm £4,330 sqm
CT2 8 Canterbury £3,500 sqm £4,100 sqm £4,920 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 CT2 8 (Canterbury) compared with both the wider area CT2 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 CT2 8 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
Station Road West, Canterbury, CT2 8A 88 sqm £3,793 19
Orient Place, Canterbury, CT2 8A 68 sqm £4,553 14
Roper Road, Canterbury, CT2 8F 59 sqm £3,392 14
London Road, Canterbury, CT2 8L 84 sqm £4,284 13
Westgate Close, Canterbury, CT2 8J 63 sqm £4,699 13
Bishops Way, Canterbury, CT2 8D 65 sqm £4,002 12
Shipman Avenue, Canterbury, CT2 8P 76 sqm £3,422 11
Cherry Drive, Canterbury, CT2 8H 98 sqm £4,620 10

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 sqm £/sqm
18 Abbots Lodge, Roper Rd, Canterbury £137,500
Mar-2024
45 3,055
5, Mill Lane, Canterbury £400,000
Feb-2024
116 3,448
26, Ramsey Close, Canterbury £375,000
Feb-2024
91 4,120

See the entire list of all sales in Canterbury (CT2 8) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.