Feb 07, 2023 by HM

House prices in Warwick (CV34 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Warwick (CV34 4).

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Price per square metre

Knowing the average house price in Warwick 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. 72, Guy Street, Warwick, sold for £251,000 on Oct-2023. Given the internal area of 75 square metres, the price per sqm is £3,346.

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. £3,800-£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 208 sales in Warwick (CV34 4) 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 Warwick (CV34 4). Of the 208 transactions, half were sold for between £2,930 and £4,040 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,040m². 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 'CV34 4' is £3,410. The table below shows how 'CV34 4' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV34 6 Heathcote	£3,370m2	£3,860m2	£4,350m2
CV34 5 Warwick	£3,160m2	£3,710m2	£4,300m2
CV34 7 Warwick	£3,480m2	£4,120m2	£4,370m2
CV34 4 Warwick	£2,930m2	£3,410m2	£4,040m2
CV34 8 Warwick	£4,030m2	£4,110m2	£4,420m2

Will Warwick 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 CV34 4 (Warwick). 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 CV34 4 and the blue dots are the individual property sales that inform this trend.

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

Price map for Warwick

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 Warwick. 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 Warwick

Street level data

Street	Avg size	Avg £/m2	Recent sales
Coten End, Warwick, CV34 4X	49m2	£2,384	24
Turberville Place, Warwick, CV34 4J	55m2	£2,898	20
Birch Meadow Close, Warwick, CV34 4T	68m2	£3,013	18
Coventry Road, Warwick, CV34 4L	62m2	£2,532	17
Linen Street, Warwick, CV34 4D	65m2	£4,118	16
Avon Street, Warwick, CV34 4P	84m2	£3,395	15
St Johns Court, Warwick, CV34 4N	53m2	£3,025	13
Martinique Square, Warwick, CV34 4D	66m2	£3,463	12

Search for your street here.

Raw data

Our analysis of Warwick 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
72, Guy St, Warwick	£251,000 Oct-2023	75	3,346
Flat 6 Healey Court, Coten End, Warwick	£107,500 Oct-2023	44	2,443
24, St Nicholas Church St, Warwick	£480,000 Oct-2023	98	4,897

See the entire list of all sales in Warwick (CV34 4) here.