House prices in CV34 7 (Warwick)

This article reveals price per square metre data and various charts to help you understand current housing market in Warwick (CV34 7).


Defining 'CV34 7'

This analysis is limited to properties whose postcode starts with "CV34 7", 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 Warwick.

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 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. 12, Tandy Gardens, Warwick, sold for £400,000 on Jan-2024. Given the internal area of 95 square metres, the price per sqm is £4,210.

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 35 sales in Warwick (CV34 7) that took place in the last two years.

Distribution of £ per sqm for Warwick
Distribution of £ per sqm house prices in Warwick

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 Warwick (CV34 7). Of the 35 transactions, half were sold for between £3,470 and £4,530 per square metre. The median, or 'middle', price per square metre in 'CV34 7' is £4,190. Notably, only 25% of properties that sold recently were valued at more than £4,530 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 Warwick

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 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.

Property price heatmap for Warwick
House price heatmap for Warwick

Comparison with neighbouring postcode sectors

The table below shows how 'CV34 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV34 4 Warwick £2,990 sqm £3,420 sqm £4,020 sqm
CV34 5 Warwick £3,240 sqm £3,740 sqm £4,360 sqm
CV34 7 Warwick £3,470 sqm £4,190 sqm £4,530 sqm
CV34 8 Warwick £3,730 sqm £4,110 sqm £4,390 sqm
CV34 6 Heathcote £3,380 sqm £3,890 sqm £4,460 sqm

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 chart below for CV34 7 (Warwick) compared with both the wider area CV34 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 Warwick,Warwick
House price trends for Warwick

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 CV34 7 sales
Recent trends for Warwick

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 Warwick 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 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.

Street level data

Street Avg size Avg £sqm Recent sales
Vickers Way, Warwick, CV34 7A 120 sqm £3,825 18
Peabody Way, Warwick, CV34 7B 121 sqm £3,423 9
Oakley Drive, Warwick, CV34 7A 110 sqm £3,593 8
Olive Grove, Warwick, CV34 7B 129 sqm £3,612 7
Palmer Crescent, Warwick, CV34 7B 125 sqm £3,541 6
Wesson Road, Warwick, CV34 7B 88 sqm £4,129 6
Hopkins Road, Warwick, CV34 7A 56 sqm £5,436 5

Search for your street here.

New build activity

Street Avg size Avg £sqm New build sales
Clement Way, Warwick, CV34 7B 99 sqm £3,912 12
Marchant Way, Warwick, CV34 7B 82 sqm £4,197 11

Clement Way, Warwick, CV34 7B has seen 12 new build sales in the last 4 years (average price £378,418). These new build homes typically have an internal area of 99 sqm, with an average price of £3,912 sqm. This £sqm average is £-278 below the average for CV34 7. New builds typically command a £ per sqm premium. In the case of Clement Way 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 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 sqm £/sqm
12, Tandy Gardens, Warwick £400,000
Jan-2024
95 4,210
108, Vickers Way, Warwick £432,500
Nov-2023
107 4,042
16, Palmer Crescent, Warwick £168,000
Nov-2023
73 2,301

See the entire list of all sales in Warwick (CV34 7) 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.