Feb 07, 2023 by HM

House prices in Earlsdon (CV5 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Earlsdon (CV5 6).

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Price per square metre

Knowing the average house price in Earlsdon 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. 73, Berkeley Road South, Earlsdon, Allesley, sold for £419,586 on Sep-2023. Given the internal area of 117 square metres, the price per sqm is £3,586.

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 397 sales in Earlsdon (CV5 6) that took place in the last two years.

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 Earlsdon (CV5 6). Of the 397 transactions, half were sold for between £2,490 and £3,330 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,330m². 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 'CV5 6' is £2,840. The table below shows how 'CV5 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV5 6 Earlsdon	£2,490m2	£2,840m2	£3,330m2
CV5 8 Chapelfields	£2,370m2	£2,750m2	£3,060m2
CV5 7 Coventry	£2,600m2	£3,030m2	£3,490m2
CV5 9 Allesley	£2,600m2	£3,010m2	£3,540m2

Will Earlsdon 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 CV5 6 (Earlsdon). 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 CV5 6 and the blue dots are the individual property sales that inform this trend.

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

Price map for Earlsdon

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 Earlsdon. 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 Earlsdon

Street level data

Street	Avg size	Avg £/m2	Recent sales
Melbourne Road, Earlsdon, CV5 6J	71m2	£2,534	31
Albany Road, Earlsdon, CV5 6N	67m2	£2,983	27
Newcombe Road, Earlsdon, CV5 6N	83m2	£2,425	24
Westwood Road, Earlsdon, CV5 6G	73m2	£2,678	22
Broomfield Road, Earlsdon, CV5 6J	91m2	£2,235	22
Kensington Road, Earlsdon, CV5 6G	90m2	£2,190	20
Kirby Road, Earlsdon, CV5 6H	70m2	£2,599	20
Sovereign Road, Earlsdon, CV5 6L	71m2	£2,593	19

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Warwick Street, Earlsdon, CV5 6Q	78m2	£3,018	16

Warwick Street, Earlsdon, CV5 6Q has seen 16 new build sales in the last 4 years (average price £235,468). These new build homes typically have an internal area of 78 m2, with an average price of £3,018 m2. This £sqm average is £178 above the average for CV5 6. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Earlsdon 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
73, Berkeley Rd South, Earlsdon, Allesley	£419,586 Sep-2023	117	3,586
28, Bristol Rd, Earlsdon, Allesley	£188,000 Sep-2023	66	2,848
88, Melbourne Rd, Earlsdon, Allesley	£163,200 Aug-2023	66	2,472

See the entire list of all sales in Earlsdon (CV5 6) here.