Feb 07, 2023 by HM

House prices in Heathcote (CV34 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Heathcote (CV34 6).

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Price per square metre

Knowing the average house price in Heathcote 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. 4, Griffin Road, Heathcote, Warwick, sold for £485,000 on Sep-2023. Given the internal area of 123 square metres, the price per sqm is £3,943.

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 272 sales in Heathcote (CV34 6) 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 Heathcote (CV34 6). Of the 272 transactions, half were sold for between £3,350 and £4,330 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,330m². 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 6' is £3,840. The table below shows how 'CV34 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV34 5 Warwick	£3,140m2	£3,700m2	£4,290m2
CV34 4 Warwick	£2,920m2	£3,390m2	£3,960m2
CV34 8 Warwick	£4,030m2	£4,110m2	£4,410m2
CV34 6 Heathcote	£3,350m2	£3,840m2	£4,330m2
CV34 7 Warwick	£3,480m2	£4,120m2	£4,480m2

Will Heathcote 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 6 (Heathcote). 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 6 and the blue dots are the individual property sales that inform this trend.

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

Price map for Heathcote

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 Heathcote. 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 Heathcote

Street level data

Street	Avg size	Avg £/m2	Recent sales
Peregrine Way, Heathcote, CV34 6W	78m2	£3,855	19
Banquo Approach, Heathcote, CV34 6G	102m2	£3,439	14
West Street, Heathcote, CV34 6A	79m2	£4,131	13
Plantagenet Park, Heathcote, CV34 6E	76m2	£3,907	12
Stratford Road, Heathcote, CV34 6A	120m2	£3,965	12
Nightingale Avenue, Heathcote, CV34 6W	107m2	£3,761	12
Rogers Way, Heathcote, CV34 6P	105m2	£3,841	11
Alder Meadow, Heathcote, CV34 6J	60m2	£2,731	10

Search for your street here.

Raw data

Our analysis of Heathcote 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
4, Griffin Rd, Heathcote, Warwick	£485,000 Sep-2023	123	3,943
1, Twain Gardens, Heathcote, Warwick	£675,000 Sep-2023	148	4,560
22, Great Field Drive, Heathcote, Warwick	£185,400 Aug-2023	74	2,505

See the entire list of all sales in Heathcote (CV34 6) here.