Feb 07, 2023 by HM

House prices in Rugby (CV21 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Rugby (CV21 4).

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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. 93, Crick Road, Rugby, sold for £380,000 on Sep-2023. Given the internal area of 116 square metres, the price per sqm is £3,275.

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 179 sales in Rugby (CV21 4) 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 Rugby (CV21 4). Of the 179 transactions, half were sold for between £2,850 and £3,600 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,600m². 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 'CV21 4' is £3,180. The table below shows how 'CV21 4' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV21 3 Rugby	£2,140m2	£2,500m2	£2,880m2
CV21 4 Rugby	£2,850m2	£3,180m2	£3,600m2
CV21 1 Rugby	£2,630m2	£3,030m2	£3,440m2
CV21 2 Rugby	£2,060m2	£2,290m2	£2,600m2

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 scatter plot below for CV21 4 (Rugby). 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 CV21 4 and the blue dots are the individual property sales that inform this trend.

Disclaimer: 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. 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 Rugby data or any other data I am given.

Price map for Rugby

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 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. I will explain more about the methodology and create a key next week.

House price heatmap for Rugby

Street level data

Street	Avg size	Avg £/m2	Recent sales
Kingsley Avenue, Rugby, CV21 4J	93m2	£2,893	23
Lower Street, Rugby, CV21 4N	87m2	£2,723	23
Crick Road, Rugby, CV21 4D	121m2	£3,464	23
Mckinnell Crescent, Rugby, CV21 4A	78m2	£3,142	14
Loverock Crescent, Rugby, CV21 4A	94m2	£3,019	13
Pettiver Crescent, Rugby, CV21 4J	71m2	£2,014	13
Lower Hillmorton Road, Rugby, CV21 4A	86m2	£3,476	13
The Kent, Rugby, CV21 4N	84m2	£2,895	13

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
West Coast Lane, Rugby, CV21 4P	107m2	£2,852	19

West Coast Lane, Rugby, CV21 4P has seen 19 new build sales in the last 4 years (average price £332,998). These new build homes typically have an internal area of 107 m2, with an average price of £2,852 m2. This £sqm average is £-328 below the average for CV21 4. New builds typically command a £ per sqm premium. In the case of West Coast Lane 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	m2	£/m2
93, Crick Rd, Rugby	£380,000 Sep-2023	116	3,275
7, Deane Rd, Rugby	£270,000 Aug-2023	87	3,103
26, Fenwick Drive, Rugby	£226,000 Aug-2023	78	2,897

See the entire list of all sales in Rugby (CV21 4) here.