House prices in CV2 1 (Aldermans Green)

This article reveals price per square metre data and various charts to help you understand current housing market in 'CV2 1' (Aldermans Green, Wyken) - statistics were last calculated on 30 June 2024.

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Defining 'CV2 1'

This analysis is limited to properties whose postcode starts with "CV2 1", 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 Aldermans Green.

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.

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FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Aldermans Green 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. 204, Hillmorton Road, Aldermans Green, Wyken, sold for £190,000 on Apr-2024. Given the internal area of 62 square metres, the price per sqm is £3,064.

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. £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 171 sales in Aldermans Green (CV2 1) 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.

The spread of prices will give you a feel of the typical range to expect in Aldermans Green (CV2 1). Of the 171 transactions, half were sold for between £1,870 and £2,800 per square metre. The median, or 'middle', price per square metre in 'CV2 1' is £2,300. Notably, only 25% of properties that sold recently were valued at more than £2,800 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 Aldermans Green, Wyken

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 Wyken. 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.

House price heatmap for Aldermans Green, Wyken

Comparison with neighbouring postcode sectors

The table below shows how 'CV2 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV2 2 Walsgrave	£2,430 sqm	£2,830 sqm	£3,350 sqm
CV2 1 Aldermans Green	£1,870 sqm	£2,300 sqm	£2,800 sqm
CV2 4 Stoke	£1,980 sqm	£2,270 sqm	£2,580 sqm
CV2 3 Wyken	£2,350 sqm	£2,640 sqm	£3,010 sqm
CV2 5 Wyken	£2,310 sqm	£2,680 sqm	£2,980 sqm

Will Wyken 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 CV2 1 (Aldermans Green) compared with both the wider area CV2 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

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.

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 Wyken 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 Wyken 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
Aldermans Green Road, Aldermans Green, CV2 1P	86 sqm	£2,147	22
Silverdale Close, Aldermans Green, CV2 1P	91 sqm	£2,061	21
Lentons Lane, Aldermans Green, CV2 1N	87 sqm	£2,679	14
Henley Road, Aldermans Green, CV2 1A	80 sqm	£2,073	10
Deedmore Road, Aldermans Green, CV2 1E	93 sqm	£1,462	10
Lucerne Close, Aldermans Green, CV2 1S	102 sqm	£2,691	9
Lapworth Road, Aldermans Green, CV2 1E	83 sqm	£2,408	9
Ashorne Close, Aldermans Green, CV2 1G	75 sqm	£3,009	8

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
John Barrett Way, Aldermans Green, CV2 1Q	71 sqm	£2,572	12

John Barrett Way, Aldermans Green, CV2 1Q has seen 12 new build sales in the last 4 years (average price £176,266). These new build homes typically have an internal area of 71 sqm, with an average price of £2,572 sqm. This £sqm average is £272 above the average for CV2 1. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Aldermans Green 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
204, Hillmorton Rd, Aldermans Green, Wyken	£190,000 Apr-2024	62	3,064
10, Moon Crescent, Aldermans Green, Wyken	£210,000 Mar-2024	66	3,181
32, Silverdale Close, Aldermans Green, Wyken	£181,000 Mar-2024	88	2,056

See the entire list of all sales in Aldermans Green (CV2 1) here.