Feb 07, 2023 by HM

House prices in Houlton (CV23 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Houlton (CV23 1).

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Price per square metre

Knowing the average house price in Houlton 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. Flat 3 Tuning House, 71, Maine Street, Houlton, Long Lawford, sold for £130,000 on Sep-2023. Given the internal area of 72 square metres, the price per sqm is £1,805.

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. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 24 sales in Houlton (CV23 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.

That said, the spread of prices will give you a feel of the typical range to expect in Houlton (CV23 1). Of the 24 transactions, half were sold for between £3,090 and £3,560 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,560m². 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 'CV23 1' is £3,480. The table below shows how 'CV23 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV23 8 Kilsby	£3,010m2	£3,240m2	£3,730m2
CV23 9 Long Lawford	£2,700m2	£3,150m2	£3,710m2
CV23 0 Rugby	£2,700m2	£3,100m2	£3,520m2
CV23 1 Houlton	£3,090m2	£3,480m2	£3,560m2

Will Houlton 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 CV23 1 (Houlton). 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 CV23 1 and the blue dots are the individual property sales that inform this trend.

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

Price map for Houlton

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 Houlton. 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 Houlton

Street level data

Street	Avg size	Avg £/m2	Recent sales
Florence Avenue, Houlton, CV23 1B	105m2	£3,182	14
Lincoln Drive, Houlton, CV23 1B	129m2	£3,229	10
Faulkner Road, Houlton, CV23 1A	120m2	£3,668	7
Beverly Close, Houlton, CV23 1B	127m2	£3,105	7
Wroughton Drive, Houlton, CV23 1B	119m2	£3,153	6
Lee Drive, Houlton, CV23 1A	83m2	£3,030	6
Pinetree Way, Houlton, CV23 1A	80m2	£3,273	6
Maxwell Road, Houlton, CV23 1A	124m2	£3,218	5

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Muirhead Rise, Houlton, CV23 1B	119m2	£3,052	15
Station Avenue, Houlton, CV23 1B	108m2	£2,786	13
Maine Street, Houlton, CV23 1A	90m2	£1,948	9
Handley Cross Avenue, Houlton, CV23 1A	87m2	£3,196	10

Muirhead Rise, Houlton, CV23 1B has seen 15 new build sales in the last 4 years (average price £348,687). These new build homes typically have an internal area of 119 m2, with an average price of £3,052 m2. This £sqm average is £-428 below the average for CV23 1. New builds typically command a £ per sqm premium. In the case of Muirhead Rise 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 Houlton 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
Flat 3 Tuning House, 71, Maine St, Houlton, Long Lawford	£130,000 Sep-2023	72	1,805
2, Barn Close, Houlton, Long Lawford	£250,000 Jun-2023	71	3,521
34, Maxwell Rd, Houlton, Long Lawford	£417,000 May-2023	126	3,309

See the entire list of all sales in Houlton (CV23 1) here.