House prices in CV2 2 (Walsgrave)

This article reveals price per square metre data and various charts to help you understand current housing market in 'CV2 2' (Walsgrave, Wyken) - statistics were last calculated on 30 June 2024.

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Defining 'CV2 2'

This analysis is limited to properties whose postcode starts with "CV2 2", 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 Walsgrave.

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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Change sector

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

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. 62, Diana Drive, Walsgrave, Wyken, sold for £110,000 on May-2024. Given the internal area of 55 square metres, the price per sqm is £2,000.

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. £2,800-£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 246 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.

The spread of prices will give you a feel of the typical range to expect in Walsgrave (CV2 2). Of the 246 transactions, half were sold for between £2,430 and £3,350 per square metre. The median, or 'middle', price per square metre in 'CV2 2' is £2,830. Notably, only 25% of properties that sold recently were valued at more than £3,350 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 Walsgrave, 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 Walsgrave, Wyken

Comparison with neighbouring postcode sectors

The table below shows how 'CV2 2' 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 2 (Walsgrave) 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
Yewdale Crescent, Walsgrave, CV2 2F	70 sqm	£2,356	23
Woodway Lane, Walsgrave, CV2 2A	98 sqm	£2,542	16
Dorchester Way, Walsgrave, CV2 2L	84 sqm	£2,566	15
Elizabeth Way, Walsgrave, CV2 2L	80 sqm	£2,780	14
Ringwood Highway, Walsgrave, CV2 2G	79 sqm	£2,100	14
Hickory Close, Walsgrave, CV2 2N	52 sqm	£2,068	13
Hinckley Road, Walsgrave, CV2 2E	102 sqm	£2,760	13
Woodway Lane, Walsgrave, CV2 2E	88 sqm	£2,668	12

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	sqm	£/sqm
62, Diana Drive, Walsgrave, Wyken	£110,000 May-2024	55	2,000
36, Jacob Nelson Way, Walsgrave, Wyken	£220,000 May-2024	69	3,188
12, Holmcroft, Walsgrave, Wyken	£218,000 Apr-2024	76	2,868

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