House prices in CV3 2 (Binley)

This article reveals price per square metre data and various charts to help you understand current housing market in 'CV3 2' (Binley) - statistics were last calculated on 30 August 2024.

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Defining 'CV3 2'

This analysis is limited to properties whose postcode starts with "CV3 2", 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 Binley.

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

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

Price per square metre

Knowing the average house price in Binley 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. 22, Oxendon Way, Binley, sold for £273,000 on Jul-2024. Given the internal area of 86 square metres, the price per sqm is £3,174.

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. £2,800-£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 291 sales in Binley (CV3 2) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

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 Binley (CV3 2). Of the 291 transactions, half were sold for between £2,580 and £3,500 per square metre. The median, or 'middle', price per square metre in 'CV3 2' is £2,960. Notably, only 25% of properties that sold recently were valued at more than £3,500 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 Binley

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 Binley. 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 Binley

Comparison with neighbouring postcode sectors

The table below shows how 'CV3 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV3 5 Cheylesmore	£2,710 sqm	£3,170 sqm	£3,560 sqm
CV3 2 Binley	£2,580 sqm	£2,960 sqm	£3,500 sqm
CV3 6 Finham	£3,000 sqm	£3,520 sqm	£4,080 sqm
CV3 3 Willenhall	£1,990 sqm	£2,320 sqm	£3,040 sqm
CV3 1 Stoke	£2,270 sqm	£2,590 sqm	£3,030 sqm
CV3 4 Whitley	£2,080 sqm	£2,440 sqm	£2,970 sqm

Will Binley 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 CV3 2 (Binley) compared with both the wider area CV3 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

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.

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 Binley 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 Binley 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
Heather Road, Binley, CV3 2D	136 sqm	£3,845	23
Clifford Bridge Road, Binley, CV3 2D	95 sqm	£2,806	19
Binley Road, Binley, CV3 2D	102 sqm	£2,430	16
Bridgeacre Gardens, Binley, CV3 2N	84 sqm	£2,548	16
Rugby Road, Binley, CV3 2B	119 sqm	£3,191	15
Brinklow Road, Binley, CV3 2H	78 sqm	£3,065	15
Rugby Road, Binley, CV3 2A	131 sqm	£3,419	14
Monks Road, Binley, CV3 2B	86 sqm	£3,453	11

Search for your street here.

Raw data

Our analysis of Binley 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	sqm	£/sqm
22, Oxendon Way, Binley	£273,000 Jul-2024	86	3,174
10, Wilson Green, Binley	£210,000 Jul-2024	67	3,134
15, Naseby Close, Binley	£275,000 Jul-2024	57	4,824

See the entire list of all sales in Binley (CV3 2) here.