Feb 07, 2023 by HM

House prices in Rugby (CV22 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Rugby (CV22 6).

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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. 85, Shakespeare Gardens, Rugby, sold for £182,500 on Sep-2023. Given the internal area of 83 square metres, the price per sqm is £2,198.

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 252 sales in Rugby (CV22 6) 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 (CV22 6). Of the 252 transactions, half were sold for between £2,760 and £3,900 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,900m². 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 'CV22 6' is £3,330. The table below shows how 'CV22 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV22 7 Cawston	£2,630m2	£3,080m2	£3,450m2
CV22 5 Rugby	£2,750m2	£3,180m2	£3,620m2
CV22 6 Rugby	£2,760m2	£3,330m2	£3,900m2

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 6 (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 6 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
Dunchurch Road, Rugby, CV22 6H	149m2	£3,247	19
Tennyson Avenue, Rugby, CV22 6J	75m2	£3,654	19
Buchanan Road, Rugby, CV22 6A	68m2	£2,632	18
Montague Road, Rugby, CV22 6L	95m2	£2,926	16
Guys Common, Rugby, CV22 6N	73m2	£3,141	14
Dunchurch Road, Rugby, CV22 6A	71m2	£2,409	13
Falstaff Drive, Rugby, CV22 6L	83m2	£3,201	12
Wentworth Road, Rugby, CV22 6B	86m2	£2,292	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
85, Shakespeare Gardens, Rugby	£182,500 Sep-2023	83	2,198
54, Arbour Close, Rugby	£142,500 Sep-2023	53	2,688
128, Dunchurch Rd, Rugby	£285,000 Sep-2023	70	4,071

See the entire list of all sales in Rugby (CV22 6) here.