# House prices in CV5 8 (Chapelfields)

This article reveals price per square metre data and various charts to help you understand current housing market in Chapelfields, Allesley (CV5 8).

## Defining 'CV5 8'

This analysis is limited to properties whose postcode starts with "CV5 8", 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 Chapelfields.

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 Chapelfields 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. 258, Greendale Road, Chapelfields, Allesley, sold for £103,017 on Mar-2024. Given the internal area of 54 square metres, the price per sqm is £1,907.

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. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 327 sales in Chapelfields (CV5 8) that took place in the last two years.

##### Distribution of £ per sqm for Chapelfields, Allesley
Distribution of £ per sqm house prices in Chapelfields

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 Chapelfields (CV5 8). Of the 327 transactions, half were sold for between £2,370 and £3,120 per square metre. The median, or 'middle', price per square metre in 'CV5 8' is £2,760. Notably, only 25% of properties that sold recently were valued at more than £3,120 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 Chapelfields, Allesley

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 Allesley. 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 Chapelfields, Allesley

## Comparison with neighbouring postcode sectors

The table below shows how 'CV5 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV5 6 Earlsdon £2,490 sqm £2,850 sqm £3,340 sqm
CV5 7 Coventry £2,630 sqm £3,060 sqm £3,440 sqm
CV5 9 Allesley £2,680 sqm £3,060 sqm £3,520 sqm
CV5 8 Chapelfields £2,370 sqm £2,760 sqm £3,120 sqm

## Will Allesley 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 CV5 8 (Chapelfields) compared with both the wider area CV5 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 Chapelfields,Allesley
House price trends for Chapelfields

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 CV5 8 sales
Recent trends for Chapelfields

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 Allesley 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 Allesley 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
Prince Of Wales Road, Chapelfields, CV5 8G 88 sqm £2,748 33
Allesley Old Road, Chapelfields, CV5 8G 98 sqm £2,726 31
Dulverton Avenue, Chapelfields, CV5 8H 78 sqm £2,743 31
Lincroft Crescent, Chapelfields, CV5 8G 78 sqm £2,889 28
Glendower Avenue, Chapelfields, CV5 8B 89 sqm £2,496 23
Oldfield Road, Chapelfields, CV5 8F 92 sqm £2,512 23
Whoberley Avenue, Chapelfields, CV5 8E 89 sqm £2,676 21
Grayswood Avenue, Chapelfields, CV5 8H 84 sqm £2,708 21

## Raw data

Our analysis of Chapelfields 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.