# House prices in CV47 2 (Bishops Itchington)

This article reveals price per square metre data and various charts to help you understand current housing market in Bishops Itchington, Southam (CV47 2).

## Defining 'CV47 2'

This analysis is limited to properties whose postcode starts with "CV47 2", 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 Bishops Itchington.

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 Bishops Itchington 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. Mill Hill Barn, The Slade, Bishops Itchington, Southam, sold for £795,000 on Feb-2024. Given the internal area of 250 square metres, the price per sqm is £3,180.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 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 Bishops Itchington (CV47 2) that took place in the last two years.

##### Distribution of £ per sqm for Bishops Itchington, Southam
Distribution of £ per sqm house prices in Bishops Itchington

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 Bishops Itchington (CV47 2). Of the 129 transactions, half were sold for between £2,990 and £4,110 per square metre. The median, or 'middle', price per square metre in 'CV47 2' is £3,510. Notably, only 25% of properties that sold recently were valued at more than £4,110 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 Bishops Itchington, 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 Bishops Itchington, Southam

## Comparison with neighbouring postcode sectors

The table below shows how 'CV47 2' 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 2 (Bishops Itchington) 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 Bishops Itchington,Southam
House price trends for Bishops Itchington

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 2 sales
Recent trends for Bishops Itchington

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
Kingfisher Drive, Bishops Itchington, CV47 2T 103 sqm £3,319 17
Mallard Close, Bishops Itchington, CV47 2U 64 sqm £2,940 15
Meldrum Court, Bishops Itchington, CV47 2U 82 sqm £2,367 10
Ropeway, Bishops Itchington, CV47 2E 107 sqm £3,843 9
Hampden Court, Bishops Itchington, CV47 2U 79 sqm £2,427 9
Ash Mews, Bishops Itchington, CV47 2R 80 sqm £3,794 9
Marlow Green, Bishops Itchington, CV47 2Q 95 sqm £3,546 8

## New build activity

Street Avg size Avg £sqm New build sales
Gardeners Way, Bishops Itchington, CV47 2E 68 sqm £3,548 11
Blue Pool Vale, Bishops Itchington, CV47 2S 98 sqm £3,615 11

Gardeners Way, Bishops Itchington, CV47 2E has seen 11 new build sales in the last 4 years (average price £238,750). These new build homes typically have an internal area of 68 sqm, with an average price of £3,548 sqm. This £sqm average is £38 above the average for CV47 2. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of Bishops Itchington 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.