House prices in CV3 5 (Cheylesmore)

This article reveals price per square foot data and various charts to help you understand current housing market in 'CV3 5' (Cheylesmore, Binley) - statistics were last calculated on 30 August 2024.

---

Defining 'CV3 5'

This analysis is limited to properties whose postcode starts with "CV3 5", 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 Cheylesmore.

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

Search Area:

Change sector

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

Price per square foot

Knowing the average house price in Cheylesmore is not much use. However, knowing average price per square foot can be quite useful. Price per sqft allows some comparison between properties of different size. We define price per square foot as the sold price divided by the internal area of a property:

£ per sqft = price ÷ internal area

E.g. 65, Dillotford Avenue, Cheylesmore, Binley, sold for £450,000 on Jul-2024. Given the internal area of 1,614 square feet, the price per sqft is £278.

England & Wales have been officially metric for many decades. Convert this site to square meters.

The chart below is called a histogram, it helps you see the distribution of this house price per sqft data. To make this chart we put the sales data into a series of £ per sqft 'buckets' (e.g. £218-£232, £232-£246, £246-£260 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 221 sales in Cheylesmore (CV3 5) 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 Cheylesmore (CV3 5). Of the 221 transactions, half were sold for between £251 and £330 per square foot. The median, or 'middle', price per square foot in 'CV3 5' is £294. Notably, only 25% of properties that sold recently were valued at more than £330 sqft. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Cheylesmore, 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 Cheylesmore, Binley

Comparison with neighbouring postcode sectors

The table below shows how 'CV3 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV3 5 Cheylesmore	£251 sqft	£294 sqft	£330 sqft
CV3 2 Binley	£239 sqft	£274 sqft	£325 sqft
CV3 6 Finham	£278 sqft	£327 sqft	£379 sqft
CV3 3 Willenhall	£184 sqft	£215 sqft	£282 sqft
CV3 1 Stoke	£210 sqft	£240 sqft	£281 sqft
CV3 4 Whitley	£193 sqft	£226 sqft	£275 sqft

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 5 (Cheylesmore) 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 £sqft	Recent sales
Watercall Avenue, Cheylesmore, CV3 5A	0 sqft	£328	14
Queen Isabels Avenue, Cheylesmore, CV3 5G	893 sqft	£239	14
Woodstock Road, Cheylesmore, CV3 5H	850 sqft	£276	14
Ivybridge Road, Cheylesmore, CV3 5P	0 sqft	£321	14
Dillotford Avenue, Cheylesmore, CV3 5D	0 sqft	£323	14
Black Prince Avenue, Cheylesmore, CV3 5J	678 sqft	£252	13
Frankton Avenue, Cheylesmore, CV3 5B	0 sqft	£356	13
Daventry Road, Cheylesmore, CV3 5D	0 sqft	£299	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	sqft	£/sqft
65, Dillotford Avenue, Cheylesmore, Binley	£450,000 Jul-2024	1,614	278
32, The Chesils, Cheylesmore, Binley	£320,000 Jul-2024	1,087	294
3, Oddicombe Croft, Cheylesmore, Binley	£345,000 Jun-2024	968	356

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