Feb 07, 2023 by HM

House prices in Willenhall (CV3 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Willenhall (CV3 3).

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Price per square metre

Knowing the average house price in Willenhall 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. 16, Yarningale Road, Willenhall, Binley, sold for £230,000 on Aug-2023. Given the internal area of 86 square metres, the price per sqm is £2,674.

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. £1,900-£2,000, £2,000-£2,100, £2,100-£2,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 119 sales in Willenhall (CV3 3) 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 Willenhall (CV3 3). Of the 119 transactions, half were sold for between £1,870 and £2,710 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,710m². 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 'CV3 3' is £2,170. The table below shows how 'CV3 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV3 6 Finham	£2,850m2	£3,430m2	£3,930m2
CV3 3 Willenhall	£1,870m2	£2,170m2	£2,710m2
CV3 2 Binley	£2,470m2	£2,910m2	£3,510m2
CV3 1 Stoke	£2,120m2	£2,480m2	£2,960m2
CV3 5 Cheylesmore	£2,520m2	£3,010m2	£3,440m2
CV3 4 Whitley	£1,800m2	£2,440m2	£2,830m2

Will Willenhall 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 CV3 3 (Willenhall). 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 CV3 3 and the blue dots are the individual property sales that inform this trend.

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

Price map for Willenhall

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 Willenhall. 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 Willenhall

Street level data

Street	Avg size	Avg £/m2	Recent sales
Meadfoot Road, Willenhall, CV3 3D	85m2	£1,811	22
Yarningale Road, Willenhall, CV3 3E	67m2	£1,960	16
St James Lane, Willenhall, CV3 3F	90m2	£2,002	12
Pleydell Close, Willenhall, CV3 3E	61m2	£1,927	11
Royal Crescent, Willenhall, CV3 3D	86m2	£2,606	9
St James Lane, Willenhall, CV3 3G	78m2	£2,228	9
Colina Close, Willenhall, CV3 3E	58m2	£1,937	8
Marlcroft, Willenhall, CV3 3F	66m2	£1,822	7

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Willow Way, Willenhall, CV3 3H	82m2	£2,669	25
Hastingscroft Close, Willenhall, CV3 3J	74m2	£2,301	12

Willow Way, Willenhall, CV3 3H has seen 25 new build sales in the last 4 years (average price £215,809). These new build homes typically have an internal area of 82 m2, with an average price of £2,669 m2. This £sqm average is £499 above the average for CV3 3. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Willenhall 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
16, Yarningale Rd, Willenhall, Binley	£230,000 Aug-2023	86	2,674
20, Turtledove Close, Willenhall, Binley	£196,000 Jul-2023	58	3,379
37, Royal Crescent, Willenhall, Binley	£233,000 Jul-2023	90	2,588

See the entire list of all sales in Willenhall (CV3 3) here.