Feb 07, 2023 by HM

# House prices in Stockton (CV47 8)

## Price per square metre

Knowing the average house price in Stockton 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. Lyngrove, School Hill, Stockton, Southam, sold for £585,000 on Aug-2023. Given the internal area of 175 square metres, the price per sqm is £3,342.

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. £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 47 sales in Stockton (CV47 8) that took place in the last two years.

##### Distribution of £ per sqm for Stockton (CV47 8)
Distribution of £ per sqm house prices in Stockton

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 Stockton (CV47 8). Of the 47 transactions, half were sold for between £3,310 and £4,080 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,080m2. 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 'CV47 8' is £3,580. The table below shows how 'CV47 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV47 1 Southam £3,160m2 £3,610m2 £3,980m2
CV47 7 Priors Marston £3,290m2 £4,290m2 £4,690m2
CV47 2 Bishops Itchington £2,780m2 £3,390m2 £3,840m2
CV47 8 Stockton £3,310m2 £3,580m2 £4,080m2
CV47 0 Southam £2,920m2 £3,150m2 £3,820m2
CV47 9 Long Itchington £3,290m2 £3,590m2 £3,990m2

## Will Stockton 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 CV47 8 (Stockton). 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 CV47 8 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Stockton (CV47 8) over time
House price trends for Stockton

Hover on any blue dot to see details of specific sales

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

## Price map for Stockton

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 Stockton. 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 Stockton

## Street level data

Street Avg size Avg £/m2 Recent sales
George Street, Stockton, CV47 8J 82m2 £3,111 11
Elm Row, Stockton, CV47 8J 91m2 £2,942 10
Hillside Croft, Stockton, CV47 8N 70m2 £3,539 7
School Hill, Stockton, CV47 8N 153m2 £2,995 6
Stockton Road, Stockton, CV47 8L 75m2 £3,600 6
Butt Hill, Stockton, CV47 8N 132m2 £3,145 6
Southam Road, Stockton, CV47 8N 186m2 £2,834 6
Grange Farm Drive, Stockton, CV47 8F 113m2 £3,432 6

## Raw data

Our analysis of Stockton 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.