Feb 07, 2023 by HM

House prices in Tile Hill (CV4 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Tile Hill (CV4 9).

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Price per square metre

Knowing the average house price in Tile Hill 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. 14, Pheasant Oak, Tile Hill, sold for £215,000 on Oct-2023. Given the internal area of 62 square metres, the price per sqm is £3,467.

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 432 sales in Tile Hill (CV4 9) 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 Tile Hill (CV4 9). Of the 432 transactions, half were sold for between £2,260 and £3,280 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,280m². 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 9' is £2,700. The table below shows how 'CV4 9' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV4 8 Canley	£2,500m2	£3,000m2	£3,500m2
CV4 9 Tile Hill	£2,260m2	£2,700m2	£3,280m2
CV4 7 Coventry	£2,980m2	£3,430m2	£4,150m2

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 scatter plot below for CV4 9 (Tile Hill). 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 9 and the blue dots are the individual property sales that inform this trend.

Disclaimer: 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. 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 Tile Hill data or any other data I am given.

Price map for Tile Hill

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 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. I will explain more about the methodology and create a key next week.

House price heatmap for Tile Hill

Street level data

Street	Avg size	Avg £/m2	Recent sales
Tile Hill Lane, Tile Hill, CV4 9D	87m2	£2,518	55
Monticello Way, Tile Hill, CV4 9W	59m2	£2,577	39
Astoria Drive, Tile Hill, CV4 9Z	96m2	£3,070	33
Standard Avenue, Tile Hill, CV4 9B	78m2	£2,494	30
Eastcotes, Tile Hill, CV4 9A	70m2	£2,689	30
Torrington Avenue, Tile Hill, CV4 9A	71m2	£2,409	27
Jefferson Way, Tile Hill, CV4 9A	85m2	£2,988	23
Station Avenue, Tile Hill, CV4 9H	115m2	£2,880	20

Search for your street here.

Raw data

Our analysis of Tile Hill 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
14, Pheasant Oak, Tile Hill	£215,000 Oct-2023	62	3,467
28, Wickmans Drive, Tile Hill	£365,000 Sep-2023	105	3,476
31, Falstaff Rd, Tile Hill	£167,000 Aug-2023	93	1,795

See the entire list of all sales in Tile Hill (CV4 9) here.