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 Walsgrave, Wyken (CV2 2).


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.

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. 15, Calmere Close, Walsgrave, Wyken, sold for £215,000 on Mar-2024. Given the internal area of 54 square metres, the price per sqm is £3,981.

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 244 sales in Walsgrave (CV2 2) that took place in the last two years.

Distribution of £ per sqm for Walsgrave, Wyken
Distribution of £ per sqm house prices in Walsgrave

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 244 transactions, half were sold for between £2,420 and £3,330 per square metre. The median, or 'middle', price per square metre in 'CV2 2' is £2,810. Notably, only 25% of properties that sold recently were valued at more than £3,330 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.

Property price heatmap for Walsgrave
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 £2,420 sqm £2,810 sqm £3,330 sqm
CV2 1 Aldermans Green £1,840 sqm £2,290 sqm £2,750 sqm
CV2 4 Stoke £1,960 sqm £2,260 sqm £2,580 sqm
CV2 3 Wyken £2,340 sqm £2,630 sqm £2,990 sqm
CV2 5 Wyken £2,300 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.

Historic price per square metre in Walsgrave,Wyken
House price trends for Walsgrave

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.

Most recent CV2 2 sales
Recent trends for Walsgrave

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 £2,334 21
Woodway Lane, Walsgrave, CV2 2A 99 sqm £2,498 16
Dorchester Way, Walsgrave, CV2 2L 84 sqm £2,566 15
Elizabeth Way, Walsgrave, CV2 2L 80 sqm £2,780 14
Hinckley Road, Walsgrave, CV2 2E 102 sqm £2,758 14
Woodway Lane, Walsgrave, CV2 2E 88 sqm £2,628 14
Hickory Close, Walsgrave, CV2 2N 52 sqm £2,082 13
Ringwood Highway, Walsgrave, CV2 2G 79 sqm £2,024 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
15, Calmere Close, Walsgrave, Wyken £215,000
Mar-2024
54 3,981
18, Sturminster Close, Walsgrave, Wyken £375,000
Mar-2024
135 2,777
12, Chelwood Grove, Walsgrave, Wyken £380,000
Feb-2024
137 2,773

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

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.