# House prices in CV21 1 (Rugby)

## Defining 'CV21 1'

This analysis is limited to properties whose postcode starts with "CV21 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 Rugby.

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 Rugby 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. 48, Grasmere Close, Rugby, sold for £187,000 on Mar-2024. Given the internal area of 93 square metres, the price per sqm is £2,010.

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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 253 sales in Rugby (CV21 1) that took place in the last two years.

##### Distribution of £ per sqm for Rugby
Distribution of £ per sqm house prices in Rugby

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 Rugby (CV21 1). Of the 253 transactions, half were sold for between £2,710 and £3,540 per square metre. The median, or 'middle', price per square metre in 'CV21 1' is £3,080. Notably, only 25% of properties that sold recently were valued at more than £3,540 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 Rugby

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 Rugby. 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 Rugby

## Comparison with neighbouring postcode sectors

The table below shows how 'CV21 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV21 4 Rugby £2,910 sqm £3,200 sqm £3,610 sqm
CV21 3 Rugby £2,170 sqm £2,540 sqm £2,940 sqm
CV21 1 Rugby £2,710 sqm £3,080 sqm £3,540 sqm
CV21 2 Rugby £2,100 sqm £2,310 sqm £2,630 sqm

## Will Rugby 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 CV21 1 (Rugby) compared with both the wider area CV21 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 Rugby,Rugby
House price trends for Rugby

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 CV21 1 sales
Recent trends for Rugby

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 Rugby 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 Rugby 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
Main Street, Rugby, CV21 1H 72 sqm £2,750 20
Newbold Road, Rugby, CV21 1E 90 sqm £2,869 19
Grendon Drive, Rugby, CV21 1U 68 sqm £3,201 17
Juniper Way, Rugby, CV21 1U 108 sqm £3,058 16
Boughton Road, Rugby, CV21 1B 76 sqm £2,361 14
Parkfield Road, Rugby, CV21 1E 73 sqm £2,342 14
Aspen Road, Rugby, CV21 1S 108 sqm £2,664 12
Hawlands, Rugby, CV21 1J 89 sqm £3,171 12

## New build activity

Street Avg size Avg £sqm New build sales
Magnolia Avenue, Rugby, CV21 1U 84 sqm £2,940 29
Spruce Close, Rugby, CV21 1U 92 sqm £3,229 25
Hansen Close, Rugby, CV21 1R 69 sqm £2,877 14

Magnolia Avenue, Rugby, CV21 1U has seen 29 new build sales in the last 4 years (average price £243,647). These new build homes typically have an internal area of 84 sqm, with an average price of £2,940 sqm. This £sqm average is £-140 below the average for CV21 1. New builds typically command a £ per sqm premium. In the case of Magnolia 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 Rugby 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.