# House prices in CV47 1 (Southam)

## Defining 'CV47 1'

This analysis is limited to properties whose postcode starts with "CV47 1", 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 Southam.

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 Southam 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. 24, Watergall Close, Southam, sold for £245,000 on Feb-2024. Given the internal area of 59 square metres, the price per sqm is £4,152.

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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 125 sales in Southam (CV47 1) that took place in the last two years.

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

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 Southam (CV47 1). Of the 125 transactions, half were sold for between £3,210 and £4,130 per square metre. The median, or 'middle', price per square metre in 'CV47 1' is £3,720. Notably, only 25% of properties that sold recently were valued at more than £4,130 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 Southam

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 Southam. 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 Southam

## Comparison with neighbouring postcode sectors

The table below shows how 'CV47 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV47 0 Southam £2,970 sqm £3,440 sqm £3,900 sqm
CV47 1 Southam £3,210 sqm £3,720 sqm £4,130 sqm
CV47 7 Priors Marston £3,330 sqm £4,450 sqm £5,360 sqm
CV47 8 Stockton £3,350 sqm £3,620 sqm £4,130 sqm
CV47 2 Bishops Itchington £2,990 sqm £3,510 sqm £4,110 sqm
CV47 9 Long Itchington £3,310 sqm £3,600 sqm £4,020 sqm

## Will Southam 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 CV47 1 (Southam) compared with both the wider area CV47 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 Southam,Southam
House price trends for Southam

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 CV47 1 sales
Recent trends for Southam

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 Southam 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 Southam 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
Marston Croft, Southam, CV47 1P 92 sqm £2,242 17
Flying Fields Road, Southam, CV47 1G 69 sqm £3,682 16
Stowe Drive, Southam, CV47 1N 96 sqm £3,239 12
Pound Way, Southam, CV47 1G 63 sqm £3,647 11
Blenheim Close, Southam, CV47 1A 79 sqm £3,644 10
The Furrows, Southam, CV47 1T 65 sqm £3,627 9
Barkus Close, Southam, CV47 1G 84 sqm £4,260 8
Watergall Close, Southam, CV47 1G 74 sqm £3,499 8

## New build activity

Street Avg size Avg £sqm New build sales
Spitfire Road, Southam, CV47 1A 98 sqm £3,270 20

Spitfire Road, Southam, CV47 1A has seen 20 new build sales in the last 4 years (average price £329,896). These new build homes typically have an internal area of 98 sqm, with an average price of £3,270 sqm. This £sqm average is £-450 below the average for CV47 1. New builds typically command a £ per sqm premium. In the case of Spitfire Road 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 Southam 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.