Feb 07, 2023 by HM

House prices in Cheylesmore (CV3 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Cheylesmore (CV3 5).

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Price per square metre

Knowing the average house price in Cheylesmore 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. 10, Dawlish Drive, Cheylesmore, Binley, sold for £426,650 on Sep-2023. Given the internal area of 113 square metres, the price per sqm is £3,775.

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 324 sales in Cheylesmore (CV3 5) 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 Cheylesmore (CV3 5). Of the 324 transactions, half were sold for between £2,520 and £3,440 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,440m². 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 5' is £3,010. The table below shows how 'CV3 5' 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 Cheylesmore 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 5 (Cheylesmore). 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 5 and the blue dots are the individual property sales that inform this trend.

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

Price map for Cheylesmore

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 Cheylesmore. 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 Cheylesmore

Street level data

Street	Avg size	Avg £/m2	Recent sales
Watercall Avenue, Cheylesmore, CV3 5A	112m2	£3,211	16
Seneschal Road, Cheylesmore, CV3 5L	92m2	£2,522	16
Queen Isabels Avenue, Cheylesmore, CV3 5G	83m2	£2,474	15
Woodstock Road, Cheylesmore, CV3 5H	79m2	£2,927	15
The Martyrs Close, Cheylesmore, CV3 5F	74m2	£3,092	14
Frankton Avenue, Cheylesmore, CV3 5B	96m2	£3,659	13
Dillotford Avenue, Cheylesmore, CV3 5E	86m2	£2,473	13
Daventry Road, Cheylesmore, CV3 5D	108m2	£3,086	13

Search for your street here.

Raw data

Our analysis of Cheylesmore 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
10, Dawlish Drive, Cheylesmore, Binley	£426,650 Sep-2023	113	3,775
29, Chatsworth Rise, Cheylesmore, Binley	£370,000 Aug-2023	96	3,854
22, Galeys Rd, Cheylesmore, Binley	£240,000 Aug-2023	76	3,157

See the entire list of all sales in Cheylesmore (CV3 5) here.