House prices in CV3 6 (Finham)

This article reveals price per square metre data and various charts to help you understand current housing market in Finham, Binley (CV3 6).


Defining 'CV3 6'

This analysis is limited to properties whose postcode starts with "CV3 6", 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 Finham.

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 Finham 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. 27, Finnemore Close, Finham, Binley, sold for £485,000 on Mar-2024. Given the internal area of 158 square metres, the price per sqm is £3,069.

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 216 sales in Finham (CV3 6) that took place in the last two years.

Distribution of £ per sqm for Finham, Binley
Distribution of £ per sqm house prices in Finham

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 Finham (CV3 6). Of the 216 transactions, half were sold for between £3,000 and £4,030 per square metre. The median, or 'middle', price per square metre in 'CV3 6' is £3,570. Notably, only 25% of properties that sold recently were valued at more than £4,030 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 Finham, 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.

Property price heatmap for Finham
House price heatmap for Finham, Binley

Comparison with neighbouring postcode sectors

The table below shows how 'CV3 6' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV3 5 Cheylesmore £2,510 sqm £3,040 sqm £3,490 sqm
CV3 6 Finham £3,000 sqm £3,570 sqm £4,030 sqm
CV3 1 Stoke £2,200 sqm £2,530 sqm £3,000 sqm
CV3 2 Binley £2,530 sqm £2,990 sqm £3,530 sqm
CV3 4 Whitley £2,020 sqm £2,350 sqm £3,010 sqm
CV3 3 Willenhall £1,850 sqm £2,200 sqm £2,690 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 6 (Finham) 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.

Historic price per square metre in Finham,Binley
House price trends for Finham

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 CV3 6 sales
Recent trends for Finham

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
Gretna Road, Finham, CV3 6D 97 sqm £3,007 31
Anchorway Road, Finham, CV3 6J 86 sqm £3,290 27
Green Lane, Finham, CV3 6E 107 sqm £3,097 26
Erithway Road, Finham, CV3 6J 75 sqm £3,335 22
Moat Avenue, Finham, CV3 6B 99 sqm £3,336 20
Beanfield Avenue, Finham, CV3 6N 90 sqm £2,843 18
St Martins Road, Finham, CV3 6E 146 sqm £3,550 17
Kenpas Highway, Finham, CV3 6P 114 sqm £3,246 17

Search for your street here.

Raw data

Our analysis of Finham 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
27, Finnemore Close, Finham, Binley £485,000
Mar-2024
158 3,069
6, Easedale Close, Finham, Binley £401,000
Mar-2024
86 4,662
81, Erithway Rd, Finham, Binley £220,000
Mar-2024
60 3,666

See the entire list of all sales in Finham (CV3 6) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.