Feb 07, 2023 by HM

House prices in Rugby (CV22 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Rugby (CV22 5).


Defining 'CV22 5'

This analysis is limited to properties whose postcode starts with "CV22 5", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

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. 11, Cromwell Road, Rugby, sold for £390,000 on Jan-2024. Given the internal area of 154 square metres, the price per sqm is £2,532.

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. £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 204 sales in Rugby (CV22 5) that took place in the last two years.

Distribution of £ per sqm for Rugby (CV22 5)
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 (CV22 5). Of the 204 transactions, half were sold for between £2,770 and £3,610 per square metre. The median, or 'middle', price per square metre in 'CV22 5' is £3,210. Notably, only 25% of properties that sold recently were valued at more than £3,610m2. 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.

Property price heatmap for Rugby
House price heatmap for Rugby

Comparison with neighbouring postcode sectors

The table below shows how 'CV22 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV22 7 Cawston £2,610m2 £3,080m2 £3,500m2
CV22 5 Rugby £2,770m2 £3,210m2 £3,610m2
CV22 6 Rugby £2,750m2 £3,330m2 £3,850m2

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 CV22 5 (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 CV22 5 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Rugby (CV22 5) over time
House price trends for Rugby

Hover on any blue dot to see details of specific sales

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.

Street level data

Street Avg size Avg £/m2 Recent sales
Hillmorton Road, Rugby, CV22 5A 141m2 £2,755 32
Percival Road, Rugby, CV22 5J 91m2 £3,382 27
Norton Leys, Rugby, CV22 5R 93m2 £3,097 23
Ashlawn Road, Rugby, CV22 5E 127m2 £3,134 16
Pytchley Road, Rugby, CV22 5N 82m2 £3,007 15
Blossom Way, Rugby, CV22 5L 77m2 £2,080 12
Balcombe Road, Rugby, CV22 5H 76m2 £3,173 12
Dunsmore Avenue, Rugby, CV22 5H 120m2 £2,831 11

Search for your street here.

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
11, Cromwell Rd, Rugby £390,000
Jan-2024
154 2,532
16, Dickens Rd, Rugby £270,000
Jan-2024
88 3,068
32, Belmont Rd, Rugby £272,500
Jan-2024
104 2,620

See the entire list of all sales in Rugby (CV22 5) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.