Feb 07, 2023 by HM

# House prices in Long Itchington (CV47 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Long Itchington (CV47 9).

## Price per square metre

Knowing the average house price in Long 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. 8, Barley Way, Long Itchington, Southam, sold for £398,000 on Aug-2023. Given the internal area of 74 square metres, the price per sqm is £5,378.

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. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 54 sales in Long Itchington (CV47 9) that took place in the last two years.

##### Distribution of £ per sqm for Long Itchington (CV47 9)
Distribution of £ per sqm house prices in Long 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.

That said, the spread of prices will give you a feel of the typical range to expect in Long Itchington (CV47 9). Of the 54 transactions, half were sold for between £3,300 and £3,980 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,980m2. 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 9' is £3,590. The table below shows how 'CV47 9' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV47 1 Southam £3,170m2 £3,610m2 £4,000m2
CV47 7 Priors Marston £3,250m2 £4,290m2 £4,610m2
CV47 0 Southam £2,920m2 £3,220m2 £3,830m2
CV47 8 Stockton £3,120m2 £3,570m2 £4,100m2
CV47 9 Long Itchington £3,300m2 £3,590m2 £3,980m2
CV47 2 Bishops Itchington £2,920m2 £3,420m2 £3,870m2

## Will Long Itchington 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 9 (Long Itchington). 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 9 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Long Itchington (CV47 9) over time
House price trends for Long Itchington

Hover on any blue dot to see details of specific sales

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

## Price map for Long Itchington

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 Long Itchington. 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 Long Itchington

## Street level data

Street Avg size Avg £/m2 Recent sales
Meadow Drive, Long Itchington, CV47 9A 99m2 £3,556 10
Leigh Crescent, Long Itchington, CV47 9Q 83m2 £3,116 9
The Model Village, Long Itchington, CV47 9R 82m2 £3,151 8
Church Road, Long Itchington, CV47 9P 109m2 £3,649 8
The Green, Long Itchington, CV47 9P 104m2 £3,343 6
Nelson Way, Long Itchington, CV47 9A 122m2 £3,449 6
Stockton Road, Long Itchington, CV47 9Q 85m2 £3,163 6
Southam Road, Long Itchington, CV47 9Q 112m2 £3,746 6

Search for your street here.

## New build activity

Street Avg size Avg £/m2 New build sales
Keepers Meadow, Long Itchington, CV47 9A 120m2 £3,478 17

Keepers Meadow, Long Itchington, CV47 9A has seen 17 new build sales in the last 4 years (average price £356,216). These new build homes typically have an internal area of 120 m2, with an average price of £3,478 m2. This £sqm average is £-112 below the average for CV47 9. New builds typically command a £ per sqm premium. In the case of Keepers Meadow 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 Long 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.

Address Paid m2 £/m2
8, Barley Way, Long Itchington, Southam £398,000
Aug-2023
74 5,378
Grange Bungalow, Marton Rd, Long Itchington, Southam £540,000
Aug-2023
151 3,576
11, Orchard Way, Long Itchington, Southam £250,000
Jul-2023
96 2,604

#### About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.