Feb 07, 2023 by HM

House prices in Cawston (CV22 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Cawston (CV22 7).

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Price per square metre

Knowing the average house price in Cawston 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. 32, Oatland Drive, Cawston, Rugby, sold for £225,000 on Aug-2023. Given the internal area of 72 square metres, the price per sqm is £3,125.

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 395 sales in Cawston (CV22 7) 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 Cawston (CV22 7). Of the 395 transactions, half were sold for between £2,630 and £3,450 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,450m². 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 7' is £3,080. The table below shows how 'CV22 7' 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 Cawston 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 7 (Cawston). 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 7 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Cawston 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 Cawston data or any other data I am given.

Price map for Cawston

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 Cawston. 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 Cawston

Street level data

Street	Avg size	Avg £/m2	Recent sales
Bilton Road, Cawston, CV22 7A	159m2	£2,561	23
Alwyn Road, Cawston, CV22 7R	108m2	£3,301	21
Freemantle Road, Cawston, CV22 7H	68m2	£2,555	19
Beswick Gardens, Cawston, CV22 7P	83m2	£3,018	17
Stowe Drive, Cawston, CV22 7N	77m2	£2,445	16
Firs Drive, Cawston, CV22 7A	76m2	£3,077	16
Durrell Drive, Cawston, CV22 7G	133m2	£3,272	15
New Street, Cawston, CV22 7B	76m2	£2,084	15

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Trussell Way, Cawston, CV22 7X	109m2	£2,951	9
Potsford Road, Cawston, CV22 7Y	117m2	£2,910	11
Oldbury Close, Cawston, CV22 7Z	101m2	£2,798	9

Trussell Way, Cawston, CV22 7X has seen 9 new build sales in the last 4 years (average price £344,213). These new build homes typically have an internal area of 109 m2, with an average price of £2,951 m2. This £sqm average is £-129 below the average for CV22 7. New builds typically command a £ per sqm premium. In the case of Trussell Way 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 Cawston 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
3, Danebury Way, Cawston, Rugby	£409,000 Aug-2023	121	3,380
32, Oatland Drive, Cawston, Rugby	£225,000 Aug-2023	72	3,125
21, Bilton Rd, Cawston, Rugby	£640,000 Aug-2023	193	3,316

See the entire list of all sales in Cawston (CV22 7) here.