Feb 07, 2023 by HM

House prices in Canterbury (CT2 8)

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

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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. 27, Whitehall Bridge Road, Canterbury, sold for £675,000 on Oct-2023. Given the internal area of 167 square metres, the price per sqm is £4,041.

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. £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 178 sales in Canterbury (CT2 8) that took place in the last two years.

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 8). Of the 178 transactions, half were sold for between £3,510 and £4,910 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,910m². 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 8' is £4,140. The table below shows how 'CT2 8' 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 8 (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 8 and the blue dots are the individual property sales that inform this trend.

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.

House price heatmap for Canterbury

Street level data

Street	Avg size	Avg £/m2	Recent sales
Station Road West, Canterbury, CT2 8A	88m2	£3,734	19
Orient Place, Canterbury, CT2 8A	68m2	£4,575	15
Westgate Close, Canterbury, CT2 8J	63m2	£4,596	14
Bishops Way, Canterbury, CT2 8D	65m2	£3,823	13
Roper Road, Canterbury, CT2 8F	59m2	£3,573	11
London Road, Canterbury, CT2 8L	84m2	£4,059	11
Glen Iris Avenue, Canterbury, CT2 8H	85m2	£4,010	10
Priest Avenue, Canterbury, CT2 8P	85m2	£2,972	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	m2	£/m2
27, Whitehall Bridge Rd, Canterbury	£675,000 Oct-2023	167	4,041
Flat 4 Kirbys Heights, Station Rd West, Canterbury	£230,000 Sep-2023	64	3,593
59, Cherry Drive, Canterbury	£610,000 Aug-2023	114	5,350

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