# House prices in CV47 9 (Long Itchington)

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

## Defining 'CV47 9'

This analysis is limited to properties whose postcode starts with "CV47 9", 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 Long 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 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. 24, Cox Crescent, Long Itchington, Southam, sold for £243,000 on Mar-2024. Given the internal area of 58 square metres, the price per sqm is £4,189.

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. £3,250-£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, Southam
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.

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 £3,330 and £4,030 per square metre. The median, or 'middle', price per square metre in 'CV47 9' is £3,600. Notably, only 25% of properties that sold recently were valued at more than £4,030 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 Long 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 Long Itchington, Southam

## Comparison with neighbouring postcode sectors

The table below shows how 'CV47 9' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV47 1 Southam £3,240 sqm £3,730 sqm £4,160 sqm
CV47 7 Priors Marston £3,160 sqm £4,450 sqm £5,000 sqm
CV47 9 Long Itchington £3,330 sqm £3,600 sqm £4,030 sqm
CV47 0 Southam £2,950 sqm £3,440 sqm £3,890 sqm
CV47 2 Bishops Itchington £2,970 sqm £3,510 sqm £4,110 sqm
CV47 8 Stockton £3,410 sqm £3,740 sqm £4,140 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 9 (Long 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 Long Itchington,Southam
House price trends for Long 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 9 sales
Recent trends for Long 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
Church Road, Long Itchington, CV47 9P 110 sqm £3,758 9
Meadow Drive, Long Itchington, CV47 9A 99 sqm £3,576 9
The Model Village, Long Itchington, CV47 9R 82 sqm £3,151 8
Leigh Crescent, Long Itchington, CV47 9Q 83 sqm £3,183 8
Bishop Drive, Long Itchington, CV47 9A 115 sqm £3,461 6
Wulfstan Drive, Long Itchington, CV47 9Q 73 sqm £3,936 6
Southam Road, Long Itchington, CV47 9Q 112 sqm £3,503 6
Leamington Road, Long Itchington, CV47 9P 175 sqm £3,581 6

## New build activity

Street Avg size Avg £sqm New build sales
Keepers Meadow, Long Itchington, CV47 9A 120 sqm £3,469 10

Keepers Meadow, Long Itchington, CV47 9A has seen 10 new build sales in the last 4 years (average price £336,846). These new build homes typically have an internal area of 120 sqm, with an average price of £3,469 sqm. This £sqm average is £-131 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.