# House prices in CV35 9 (Wellesbourne)

## Defining 'CV35 9'

This analysis is limited to properties whose postcode starts with "CV35 9", 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 Wellesbourne.

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 Wellesbourne 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. 3, Ramsay Green, Wellesbourne, sold for £267,000 on Mar-2024. Given the internal area of 66 square metres, the price per sqm is £4,045.

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. £3,700-£4,000, £4,000-£4,300, £4,300-£4,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 183 sales in Wellesbourne (CV35 9) that took place in the last two years.

##### Distribution of £ per sqm for Wellesbourne
Distribution of £ per sqm house prices in Wellesbourne

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 Wellesbourne (CV35 9). Of the 183 transactions, half were sold for between £3,390 and £4,170 per square metre. The median, or 'middle', price per square metre in 'CV35 9' is £3,870. Notably, only 25% of properties that sold recently were valued at more than £4,170 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 Wellesbourne

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 Wellesbourne. 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 Wellesbourne

## Comparison with neighbouring postcode sectors

The table below shows how 'CV35 9' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV35 9 Wellesbourne £3,390 sqm £3,870 sqm £4,170 sqm
CV35 0 Kineton £3,400 sqm £3,840 sqm £4,560 sqm
CV35 8 Barford £3,650 sqm £4,290 sqm £4,750 sqm
CV35 7 Hatton Park £3,700 sqm £4,380 sqm £4,890 sqm

## Will Wellesbourne 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 CV35 9 (Wellesbourne) compared with both the wider area CV35 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 Wellesbourne,Wellesbourne
House price trends for Wellesbourne

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 CV35 9 sales
Recent trends for Wellesbourne

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 Wellesbourne 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 Wellesbourne 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
Dovehouse Drive, Wellesbourne, CV35 9N 90 sqm £3,919 15
Chapel Street, Wellesbourne, CV35 9Q 93 sqm £3,311 13
Mountford Close, Wellesbourne, CV35 9Q 132 sqm £4,344 10
Tait Way, Wellesbourne, CV35 9S 70 sqm £3,571 10
Grantham Road, Wellesbourne, CV35 9J 117 sqm £3,455 9
Overbury Way, Wellesbourne, CV35 9U 85 sqm £3,140 9
Walton Road, Wellesbourne, CV35 9J 61 sqm £3,024 9
Church Street, Wellesbourne, CV35 9L 87 sqm £3,665 8

## New build activity

Street Avg size Avg £sqm New build sales
Delany Avenue, Wellesbourne, CV35 9U 94 sqm £3,306 26
Boyse Lane, Wellesbourne, CV35 9U 110 sqm £3,134 9

Delany Avenue, Wellesbourne, CV35 9U has seen 26 new build sales in the last 4 years (average price £312,156). These new build homes typically have an internal area of 94 sqm, with an average price of £3,306 sqm. This £sqm average is £-564 below the average for CV35 9. New builds typically command a £ per sqm premium. In the case of Delany Avenue 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 Wellesbourne 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.