Feb 07, 2023 by HM

House prices in Nuneaton (CV11 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Nuneaton (CV11 6).


Price per square metre

Knowing the average house price in Nuneaton 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. 30, Grasmere Crescent, Nuneaton, sold for £280,000 on Sep-2023. Given the internal area of 82 square metres, the price per sqm is £3,414.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 384 sales in Nuneaton (CV11 6) that took place in the last two years.

Distribution of £ per sqm for Nuneaton (CV11 6)
Distribution of £ per sqm house prices in Nuneaton

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 Nuneaton (CV11 6). Of the 384 transactions, half were sold for between £2,820 and £3,470 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,470m2. 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 'CV11 6' is £3,150. The table below shows how 'CV11 6' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV11 6 Nuneaton £2,820m2 £3,150m2 £3,470m2
CV11 4 Nuneaton £1,990m2 £2,420m2 £3,080m2
CV11 5 Nuneaton £1,660m2 £1,930m2 £2,190m2

Will Nuneaton 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 CV11 6 (Nuneaton). 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 CV11 6 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Nuneaton (CV11 6) over time
House price trends for Nuneaton

Hover on any blue dot to see details of specific sales

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

Price map for Nuneaton

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 Nuneaton. 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 Nuneaton
House price heatmap for Nuneaton

Street level data

Street Avg size Avg £/m2 Recent sales
Lutterworth Road, Nuneaton, CV11 6P 149m2 £2,995 32
Hinckley Road, Nuneaton, CV11 6L 138m2 £2,876 32
The Long Shoot, Nuneaton, CV11 6J 121m2 £2,855 27
St Nicolas Park Drive, Nuneaton, CV11 6D 92m2 £2,913 23
Windermere Avenue, Nuneaton, CV11 6H 96m2 £3,059 22
Higham Lane, Nuneaton, CV11 6A 118m2 £3,156 21
St Nicolas Road, Nuneaton, CV11 6L 79m2 £2,512 21
Meadowside, Nuneaton, CV11 6N 93m2 £2,823 16

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Russett Avenue, Nuneaton, CV11 6Y 108m2 £2,797 44
Sunburst Drive, Nuneaton, CV11 6Y 110m2 £2,914 15
Springbrook Road, Nuneaton, CV11 6P 107m2 £2,858 18
Top Knot Close, Nuneaton, CV11 6D 76m2 £3,318 13

Russett Avenue, Nuneaton, CV11 6Y has seen 44 new build sales in the last 4 years (average price £288,976). These new build homes typically have an internal area of 108 m2, with an average price of £2,797 m2. This £sqm average is £-353 below the average for CV11 6. New builds typically command a £ per sqm premium. In the case of Russett Avenue the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Nuneaton 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
30, Grasmere Crescent, Nuneaton £280,000
Sep-2023
82 3,414
34, Wentworth Drive, Nuneaton £395,000
Sep-2023
153 2,581
147, Watling St, Nuneaton £455,000
Aug-2023
142 3,204

See the entire list of all sales in Nuneaton (CV11 6) 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.