Feb 07, 2023 by HM

House prices in Allesley (CV5 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Allesley (CV5 9).

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Price per square metre

Knowing the average house price in Allesley 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. 49, The Windmill Hill, Allesley, sold for £175,000 on Sep-2023. Given the internal area of 55 square metres, the price per sqm is £3,181.

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 252 sales in Allesley (CV5 9) 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 Allesley (CV5 9). Of the 252 transactions, half were sold for between £2,600 and £3,540 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,540m². 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 9' is £3,010. The table below shows how 'CV5 9' 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 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 scatter plot below for CV5 9 (Allesley). 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 9 and the blue dots are the individual property sales that inform this trend.

Disclaimer: 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. 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 Allesley data or any other data I am given.

Price map for Allesley

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 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. I will explain more about the methodology and create a key next week.

House price heatmap for Allesley

Street level data

Street	Avg size	Avg £/m2	Recent sales
Browns Lane, Allesley, CV5 9E	107m2	£3,369	17
Frilsham Way, Allesley, CV5 9L	87m2	£3,048	16
Winsford Avenue, Allesley, CV5 9J	98m2	£2,642	15
Denham Avenue, Allesley, CV5 9H	67m2	£2,532	15
Aldbury Rise, Allesley, CV5 9J	71m2	£2,732	15
Hawkes Mill Lane, Allesley, CV5 9F	112m2	£3,935	15
Browns Lane, Allesley, CV5 9D	99m2	£3,205	14
Victoria Court, Allesley, CV5 9N	67m2	£2,111	13

Search for your street here.

Raw data

Our analysis of Allesley 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
49, The Windmill Hill, Allesley	£175,000 Sep-2023	55	3,181
11, Bradfield Close, Allesley	£288,500 Sep-2023	97	2,974
6, Daytona Drive, Allesley	£472,000 Aug-2023	135	3,496

See the entire list of all sales in Allesley (CV5 9) here.