Feb 07, 2023 by HM

House prices in Bishops Tachbrook (CV33 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Bishops Tachbrook (CV33 9).


Price per square metre

Knowing the average house price in Bishops Tachbrook 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. Hill House, Fosse Way, Bishops Tachbrook, sold for £1,000,000 on Sep-2023. Given the internal area of 291 square metres, the price per sqm is £3,436.

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. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 150 sales in Bishops Tachbrook (CV33 9) that took place in the last two years.

Distribution of £ per sqm for Bishops Tachbrook (CV33 9)
Distribution of £ per sqm house prices in Bishops Tachbrook

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 Bishops Tachbrook (CV33 9). Of the 150 transactions, half were sold for between £3,350 and £4,500 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,500m2. 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 'CV33 9' is £3,860. The table below shows how 'CV33 9' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV33 9 Bishops Tachbrook £3,350m2 £3,860m2 £4,500m2

Will Bishops Tachbrook 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 CV33 9 (Bishops Tachbrook). 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 CV33 9 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Bishops Tachbrook (CV33 9) over time
House price trends for Bishops Tachbrook

Hover on any blue dot to see details of specific sales

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

Price map for Bishops Tachbrook

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 Bishops Tachbrook. 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.

Property price heatmap for Bishops Tachbrook
House price heatmap for Bishops Tachbrook

Street level data

Street Avg size Avg £/m2 Recent sales
Lionheart Avenue, Bishops Tachbrook, CV33 9S 107m2 £3,741 24
Kingsley Road, Bishops Tachbrook, CV33 9R 85m2 £2,918 13
Holt Avenue, Bishops Tachbrook, CV33 9R 74m2 £3,991 10
Mill Street, Bishops Tachbrook, CV33 9H 105m2 £3,454 9
Yardley Way, Bishops Tachbrook, CV33 9S 104m2 £3,911 9
Madan Gardens, Bishops Tachbrook, CV33 9U 142m2 £3,721 8
The Avenue, Bishops Tachbrook, CV33 9D 86m2 £3,560 8
Waterton Way, Bishops Tachbrook, CV33 9U 89m2 £3,739 8

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
De Leeth Road, Bishops Tachbrook, CV33 9U 106m2 £3,851 22
Antrobus Gardens, Bishops Tachbrook, CV33 9U 94m2 £3,458 9

De Leeth Road, Bishops Tachbrook, CV33 9U has seen 22 new build sales in the last 4 years (average price £422,260). These new build homes typically have an internal area of 106 m2, with an average price of £3,851 m2. This £sqm average is £-9 below the average for CV33 9. New builds typically command a £ per sqm premium. In the case of De Leeth Road the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Bishops Tachbrook 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
6, Fletcher Drive, Bishops Tachbrook £410,000
Sep-2023
89 4,606
Hill House, Fosse Way, Bishops Tachbrook £1,000,000
Sep-2023
291 3,436
4, Powell Close, Bishops Tachbrook £400,003
Aug-2023
104 3,846

See the entire list of all sales in Bishops Tachbrook (CV33 9) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.