Feb 07, 2023 by HM

House prices in Chapelfields (CV5 8)

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

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. Flat 6 Dulverton Court, Dulverton Avenue, Chapelfields, Allesley, sold for £160,000 on Aug-2023. Given the internal area of 55 square metres, the price per sqm is £2,909.

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. £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 367 sales in Chapelfields (CV5 8) that took place in the last two years.

Distribution of £ per sqm for Chapelfields (CV5 8)
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.

That said, the spread of prices will give you a feel of the typical range to expect in Chapelfields (CV5 8). Of the 367 transactions, half were sold for between £2,370 and £3,060 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,060m2. 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 8' is £2,750. The table below shows how 'CV5 8' 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 Chapelfields 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 8 (Chapelfields). 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 8 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Chapelfields (CV5 8) over time
House price trends for Chapelfields

Hover on any blue dot to see details of specific sales

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

Price map for Chapelfields

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 Chapelfields. 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.

Property price heatmap for Chapelfields
House price heatmap for Chapelfields

Street level data

Street Avg size Avg £/m2 Recent sales
Dulverton Avenue, Chapelfields, CV5 8H 78m2 £2,728 35
Prince Of Wales Road, Chapelfields, CV5 8G 88m2 £2,754 33
Allesley Old Road, Chapelfields, CV5 8G 98m2 £2,638 31
Lincroft Crescent, Chapelfields, CV5 8G 78m2 £2,849 28
Glendower Avenue, Chapelfields, CV5 8B 89m2 £2,496 23
Whoberley Avenue, Chapelfields, CV5 8E 89m2 £2,661 23
Grayswood Avenue, Chapelfields, CV5 8H 84m2 £2,699 23
Sussex Road, Chapelfields, CV5 8J 85m2 £2,735 21

Search for your street here.

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.

Address Paid m2 £/m2
Flat 6 Dulverton Court, Dulverton Avenue, Chapelfields, Allesley £160,000
55 2,909
92, Glendower Avenue, Chapelfields, Allesley £260,000
89 2,921
25, Bakers Lane, Chapelfields, Allesley £180,000
58 3,103

See the entire list of all sales in Chapelfields (CV5 8) here.


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.