House prices in CV21 1 (Rugby)

This article reveals price per square metre data and various charts to help you understand current housing market in 'CV21 1' (Rugby) - statistics were last calculated on 30 June 2024.

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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.

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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 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. 22, Juniper Way, Rugby, sold for £230,000 on Apr-2024. Given the internal area of 65 square metres, the price per sqm is £3,538.

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 256 sales in Rugby (CV21 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 Rugby (CV21 1). Of the 256 transactions, half were sold for between £2,680 and £3,500 per square metre. The median, or 'middle', price per square metre in 'CV21 1' is £3,040. Notably, only 25% of properties that sold recently were valued at more than £3,500 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	£2,870 sqm	£3,170 sqm	£3,560 sqm
CV21 3 Rugby	£2,230 sqm	£2,560 sqm	£2,990 sqm
CV21 1 Rugby	£2,680 sqm	£3,040 sqm	£3,500 sqm
CV21 2 Rugby	£2,100 sqm	£2,310 sqm	£2,640 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.

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 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
Newbold Road, Rugby, CV21 1E	90 sqm	£2,898	19
Main Street, Rugby, CV21 1H	72 sqm	£2,774	19
Grendon Drive, Rugby, CV21 1U	68 sqm	£3,246	16
Parkfield Road, Rugby, CV21 1E	73 sqm	£2,363	15
Juniper Way, Rugby, CV21 1U	108 sqm	£3,124	14
Boughton Road, Rugby, CV21 1B	76 sqm	£2,378	14
Hawlands, Rugby, CV21 1J	88 sqm	£3,171	12
Aspen Road, Rugby, CV21 1S	108 sqm	£2,664	12

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Magnolia Avenue, Rugby, CV21 1U	84 sqm	£2,928	26
Spruce Close, Rugby, CV21 1U	92 sqm	£3,229	25
Hansen Close, Rugby, CV21 1R	69 sqm	£2,755	12

Magnolia Avenue, Rugby, CV21 1U has seen 26 new build sales in the last 4 years (average price £238,862). These new build homes typically have an internal area of 84 sqm, with an average price of £2,928 sqm. This £sqm average is £-112 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.

Address	Paid	sqm	£/sqm
22, Juniper Way, Rugby	£230,000 Apr-2024	65	3,538
1, Great Borne, Rugby	£167,000 Apr-2024	55	3,036
Flat 6 Marigold House, Doyle Close, Rugby	£169,950 Mar-2024	60	2,832

See the entire list of all sales in Rugby (CV21 1) here.