Feb 07, 2023 by HM

House prices in Coundon (CV1 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Coundon (CV1 3).

---

Price per square metre

Knowing the average house price in Coundon 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. 16, Poppleton Close, Coundon, Radford, sold for £146,000 on Aug-2023. Given the internal area of 56 square metres, the price per sqm is £2,607.

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. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 85 sales in Coundon (CV1 3) 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 Coundon (CV1 3). Of the 85 transactions, half were sold for between £1,960 and £2,610 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,610m². 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 'CV1 3' is £2,270. The table below shows how 'CV1 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV1 5 Hillfields	£1,710m2	£2,070m2	£2,440m2
CV1 1 Coventry	£2,270m2	£3,480m2	£3,760m2
CV1 2 Stoke	£2,110m2	£2,400m2	£2,720m2
CV1 4 Radford	£1,850m2	£2,090m2	£2,420m2
CV1 3 Coundon	£1,960m2	£2,270m2	£2,610m2

Will Coundon 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 CV1 3 (Coundon). 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 CV1 3 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Coundon 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 Coundon data or any other data I am given.

Price map for Coundon

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 Coundon. 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 Coundon

Street level data

Street	Avg size	Avg £/m2	Recent sales
Poppleton Close, Coundon, CV1 3B	55m2	£2,837	19
Norfolk Street, Coundon, CV1 3L	54m2	£1,995	15
Queen Victoria Road, Coundon, CV1 3J	68m2	£2,106	9
Greyfriars Road, Coundon, CV1 3R	61m2	£2,355	9
Melville Road, Coundon, CV1 3A	121m2	£1,945	8
Waveley Road, Coundon, CV1 3A	93m2	£1,835	8
Regent Street, Coundon, CV1 3E	165m2	£1,752	7
Bedford Street, Coundon, CV1 3E	80m2	£2,352	7

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Queens Road, Coundon, CV1 3D	63m2	£2,736	30

Queens Road, Coundon, CV1 3D has seen 30 new build sales in the last 4 years (average price £291,276). These new build homes typically have an internal area of 63 m2, with an average price of £2,736 m2. This £sqm average is £466 above the average for CV1 3. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Coundon 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
16, Poppleton Close, Coundon, Radford	£146,000 Aug-2023	56	2,607
Flat 1 Compass Court, Norfolk St, Coundon, Radford	£100,000 Jul-2023	43	2,325
46, Cumbria Close, Coundon, Radford	£180,000 Jun-2023	56	3,214

See the entire list of all sales in Coundon (CV1 3) here.