# House prices in CV23 1 (Houlton)

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

## Defining 'CV23 1'

This analysis is limited to properties whose postcode starts with "CV23 1", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Houlton.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## 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. 1, Beverly Close, Houlton, Long Lawford, sold for £320,000 on Mar-2024. Given the internal area of 106 square metres, the price per sqm is £3,018.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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 19 sales in Houlton (CV23 1) that took place in the last two years.

##### Distribution of £ per sqm for Houlton, Long Lawford
Distribution of £ per sqm house prices in Houlton

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 Houlton (CV23 1). Of the 19 transactions, half were sold for between £3,030 and £3,560 per square metre. The median, or 'middle', price per square metre in 'CV23 1' is £3,320. Notably, only 25% of properties that sold recently were valued at more than £3,560 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Houlton, Long Lawford

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 Long Lawford. 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.

House price heatmap for Houlton, Long Lawford

## Comparison with neighbouring postcode sectors

The table below shows how 'CV23 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV23 1 Houlton £3,030 sqm £3,320 sqm £3,560 sqm
CV23 9 Long Lawford £2,780 sqm £3,280 sqm £3,770 sqm
CV23 8 Kilsby £3,000 sqm £3,350 sqm £4,030 sqm
CV23 0 Rugby £2,760 sqm £3,210 sqm £3,660 sqm

## Will Long Lawford 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 chart below for CV23 1 (Houlton) compared with both the wider area CV23 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Houlton,Long Lawford
House price trends for Houlton

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CV23 1 sales
Recent trends for Houlton

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Long Lawford to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Long Lawford 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Maine Street, Houlton, CV23 1A 90 sqm £2,377 11
Beverly Close, Houlton, CV23 1B 122 sqm £3,054 9
Lincoln Drive, Houlton, CV23 1B 129 sqm £3,200 9
Florence Avenue, Houlton, CV23 1B 104 sqm £3,294 9
Shaughnessy Way, Houlton, CV23 1A 105 sqm £2,919 8
Wroughton Drive, Houlton, CV23 1B 119 sqm £3,153 6
Maxwell Road, Houlton, CV23 1A 122 sqm £3,218 5
Pinetree Way, Houlton, CV23 1A 79 sqm £3,434 5

## New build activity

Street Avg size Avg £sqm New build sales
Muirhead Rise, Houlton, CV23 1B 118 sqm £3,049 12
Station Avenue, Houlton, CV23 1B 108 sqm £2,801 12

Muirhead Rise, Houlton, CV23 1B has seen 12 new build sales in the last 4 years (average price £340,692). These new build homes typically have an internal area of 118 sqm, with an average price of £3,049 sqm. This £sqm average is £-271 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.