# House prices in CV4 8 (Canley)

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

## Defining 'CV4 8'

This analysis is limited to properties whose postcode starts with "CV4 8", 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 Canley.

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 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. 158, Charter Avenue, Canley, Tile Hill, sold for £205,000 on Feb-2024. Given the internal area of 70 square metres, the price per sqm is £2,928.

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. £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 129 sales in Canley (CV4 8) that took place in the last two years.

##### Distribution of £ per sqm for Canley, Tile Hill
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.

The spread of prices will give you a feel of the typical range to expect in Canley (CV4 8). Of the 129 transactions, half were sold for between £2,500 and £3,480 per square metre. The median, or 'middle', price per square metre in 'CV4 8' is £2,960. Notably, only 25% of properties that sold recently were valued at more than £3,480 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 Canley, Tile Hill

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 Tile Hill. 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 Canley, Tile Hill

## Comparison with neighbouring postcode sectors

The table below shows how 'CV4 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV4 8 Canley £2,500 sqm £2,960 sqm £3,480 sqm
CV4 9 Tile Hill £2,300 sqm £2,800 sqm £3,350 sqm
CV4 7 Coventry £2,910 sqm £3,480 sqm £4,150 sqm

## Will Tile Hill 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 CV4 8 (Canley) compared with both the wider area CV4 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 Canley,Tile Hill
House price trends for Canley

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 CV4 8 sales
Recent trends for Canley

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 Tile Hill 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 Tile Hill 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
Cherry Tree Drive, Canley, CV4 8L 79 sqm £3,025 30
Charter Avenue, Canley, CV4 8E 86 sqm £3,448 19
Penruddock Drive, Canley, CV4 8L 60 sqm £2,781 17
Cromwell Lane, Canley, CV4 8A 147 sqm £3,327 16
Sir Henry Parkes Road, Canley, CV4 8G 93 sqm £2,983 13
Walsall Street, Canley, CV4 8E 73 sqm £2,670 11
Guinea Crescent, Canley, CV4 8H 198 sqm £3,264 10
Gerard Avenue, Canley, CV4 8F 91 sqm £2,636 9

## New build activity

Street Avg size Avg £sqm New build sales
Tawny Grove, Canley, CV4 8N 69 sqm £2,975 9

Tawny Grove, Canley, CV4 8N has seen 9 new build sales in the last 4 years (average price £209,227). These new build homes typically have an internal area of 69 sqm, with an average price of £2,975 sqm. This £sqm average is £15 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.