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 'CT2 8' (Canterbury) - statistics were last calculated on 04 October 2024.


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 to change 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. 31, Cherry Garden Road, Canterbury, sold for £425,000 on Jul-2024. Given the internal area of 81 square metres, the price per sqm is £5,246.

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 160 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

Generate a custom chart like the one above but based on your own criteria.

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 160 transactions, half were sold for between £3,420 and £4,710 per square metre. The median, or 'middle', price per square metre in 'CT2 8' is £3,930. Notably, only 25% of properties that sold recently were valued at more than £4,710 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 8 Canterbury £3,420 sqm £3,930 sqm £4,710 sqm
CT2 9 Blean £3,730 sqm £4,310 sqm £4,910 sqm
CT2 0 Sturry £3,090 sqm £3,640 sqm £4,240 sqm
CT2 7 Canterbury £3,160 sqm £3,720 sqm £4,320 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

Download time series data as CSV (paying users only).

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 89 sqm £3,641 15
Westgate Close, Canterbury, CT2 8J 63 sqm £4,739 14
Summer Hill, Canterbury, CT2 8N 84 sqm £3,610 12
Roper Road, Canterbury, CT2 8F 58 sqm £3,484 12
Orient Place, Canterbury, CT2 8A 69 sqm £4,678 12
Glen Iris Avenue, Canterbury, CT2 8H 84 sqm £3,861 12
Bishops Way, Canterbury, CT2 8D 65 sqm £3,956 12
London Road, Canterbury, CT2 8L 86 sqm £4,423 11

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
31, Cherry Garden Rd, Canterbury £425,000
Jul-2024
81 5,246
Flat 5 Hilltop House, Glen Iris Avenue, Canterbury £161,000
Jun-2024
64 2,515
33, Crown Gardens, Canterbury £385,000
Jun-2024
81 4,753

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.