Feb 07, 2023 by HM

House prices in Walsgrave (CV2 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Walsgrave (CV2 2).

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Price per square metre

Knowing the average house price in Walsgrave 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. 241, Yewdale Crescent, Walsgrave, Wyken, sold for £200,000 on Aug-2023. Given the internal area of 57 square metres, the price per sqm is £3,508.

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 282 sales in Walsgrave (CV2 2) 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 Walsgrave (CV2 2). Of the 282 transactions, half were sold for between £2,390 and £3,280 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,280m². 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 'CV2 2' is £2,800. The table below shows how 'CV2 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV2 3 Wyken	£2,300m2	£2,570m2	£2,970m2
CV2 5 Wyken	£2,320m2	£2,630m2	£2,860m2
CV2 2 Walsgrave	£2,390m2	£2,800m2	£3,280m2
CV2 1 Aldermans Green	£1,840m2	£2,210m2	£2,700m2
CV2 4 Stoke	£1,940m2	£2,200m2	£2,500m2

Will Walsgrave 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 CV2 2 (Walsgrave). 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 CV2 2 and the blue dots are the individual property sales that inform this trend.

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

Price map for Walsgrave

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 Walsgrave. 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 Walsgrave

Street level data

Street	Avg size	Avg £/m2	Recent sales
Yewdale Crescent, Walsgrave, CV2 2F	70m2	£2,298	24
Woodway Lane, Walsgrave, CV2 2A	99m2	£2,445	18
Dorchester Way, Walsgrave, CV2 2L	83m2	£2,661	16
Elizabeth Way, Walsgrave, CV2 2L	80m2	£2,793	15
Hinckley Road, Walsgrave, CV2 2E	102m2	£2,812	14
Woodway Lane, Walsgrave, CV2 2E	88m2	£2,530	14
Ambleside, Walsgrave, CV2 2G	66m2	£2,390	14
Ringwood Highway, Walsgrave, CV2 2G	79m2	£2,005	13

Search for your street here.

Raw data

Our analysis of Walsgrave 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
241, Yewdale Crescent, Walsgrave, Wyken	£200,000 Aug-2023	57	3,508
10, Dorothy Powell Way, Walsgrave, Wyken	£195,000 Aug-2023	56	3,482
62, Yewdale Crescent, Walsgrave, Wyken	£220,000 Aug-2023	80	2,750

See the entire list of all sales in Walsgrave (CV2 2) here.