# House prices in CV31 2 (Whitnash)

This article reveals price per square metre data and various charts to help you understand current housing market in Whitnash, Leamington Spa (CV31 2).

## Defining 'CV31 2'

This analysis is limited to properties whose postcode starts with "CV31 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 Whitnash.

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 Whitnash 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. 11, Box Close, Whitnash, Leamington Spa, sold for £292,000 on Mar-2024. Given the internal area of 109 square metres, the price per sqm is £2,678.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 274 sales in Whitnash (CV31 2) that took place in the last two years.

##### Distribution of £ per sqm for Whitnash, Leamington Spa
Distribution of £ per sqm house prices in Whitnash

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 Whitnash (CV31 2). Of the 274 transactions, half were sold for between £3,280 and £4,240 per square metre. The median, or 'middle', price per square metre in 'CV31 2' is £3,770. Notably, only 25% of properties that sold recently were valued at more than £4,240 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 Whitnash, Leamington Spa

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 Leamington Spa. 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 Whitnash, Leamington Spa

## Comparison with neighbouring postcode sectors

The table below shows how 'CV31 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV31 2 Whitnash £3,280 sqm £3,770 sqm £4,240 sqm
CV31 3 Leamington Spa £2,870 sqm £3,330 sqm £3,900 sqm
CV31 1 Leamington Spa £3,310 sqm £3,870 sqm £4,470 sqm

## Will Leamington Spa 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 CV31 2 (Whitnash) compared with both the wider area CV31 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 Whitnash,Leamington Spa
House price trends for Whitnash

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 CV31 2 sales
Recent trends for Whitnash

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 Leamington Spa 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 Leamington Spa 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
Brunswick Street, Whitnash, CV31 2E 79 sqm £2,936 21
Montgomery Road, Whitnash, CV31 2T 70 sqm £4,087 21
Moorhill Road, Whitnash, CV31 2L 99 sqm £3,900 16
Palmer Road, Whitnash, CV31 2H 94 sqm £3,453 14
Landor Road, Whitnash, CV31 2J 99 sqm £3,653 13
Whitnash Road, Whitnash, CV31 2H 89 sqm £3,745 12
Verdun Close, Whitnash, CV31 2L 63 sqm £3,549 12
Lancaster Way, Whitnash, CV31 2B 95 sqm £3,909 12

Search for your street here.

## Raw data

Our analysis of Whitnash 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
11, Box Close, Whitnash, Leamington Spa £292,000
Mar-2024
109 2,678
9, Barford Approach, Whitnash, Leamington Spa £290,000
Mar-2024
54 5,370
2, St Catherines Crescent, Whitnash, Leamington Spa £310,000
Feb-2024
101 3,069