Feb 07, 2023 by HM

House prices in Canley (CV4 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Canley (CV4 8).

Price per square metre

Knowing the average house price in Canley 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. 2, Cherry Tree Drive, Canley, Tile Hill, sold for £270,000 on Aug-2023. Given the internal area of 80 square metres, the price per sqm is £3,375.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 141 sales in Canley (CV4 8) that took place in the last two years.

Distribution of £ per sqm for Canley (CV4 8)
Distribution of £ per sqm house prices in Canley

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 Canley (CV4 8). Of the 141 transactions, half were sold for between £2,490 and £3,490 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,490m2. 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 'CV4 8' is £2,960. The table below shows how 'CV4 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV4 8 Canley £2,490m2 £2,960m2 £3,490m2
CV4 9 Tile Hill £2,240m2 £2,710m2 £3,270m2
CV4 7 Coventry £2,900m2 £3,420m2 £4,150m2

Will Canley 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 CV4 8 (Canley). 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 CV4 8 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Canley (CV4 8) over time
House price trends for Canley

Hover on any blue dot to see details of specific sales

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

Price map for Canley

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 Canley. 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 Canley
House price heatmap for Canley

Street level data

Street Avg size Avg £/m2 Recent sales
Cherry Tree Drive, Canley, CV4 8L 79m2 £3,065 25
Charter Avenue, Canley, CV4 8E 86m2 £3,461 20
Penruddock Drive, Canley, CV4 8L 60m2 £2,806 16
Cromwell Lane, Canley, CV4 8A 147m2 £3,361 16
Sir Henry Parkes Road, Canley, CV4 8G 92m2 £2,940 12
Gerard Avenue, Canley, CV4 8F 90m2 £2,680 12
Guinea Crescent, Canley, CV4 8H 198m2 £3,264 10
Freeburn Causeway, Canley, CV4 8F 77m2 £2,774 9

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Tawny Grove, Canley, CV4 8N 68m2 £2,992 36
Brambling Avenue, Canley, CV4 8N 107m2 £3,127 9

Tawny Grove, Canley, CV4 8N has seen 36 new build sales in the last 4 years (average price £187,944). These new build homes typically have an internal area of 68 m2, with an average price of £2,992 m2. This £sqm average is £32 above the average for CV4 8. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Canley 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
2, Cherry Tree Drive, Canley, Tile Hill £270,000
80 3,375
7, Sandringham Close, Canley, Tile Hill £685,000
197 3,477
18, Butterworth Drive, Canley, Tile Hill £580,000
150 3,866

See the entire list of all sales in Canley (CV4 8) here.


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.