Feb 07, 2023 by HM

House prices in Coundon (CV6 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Coundon (CV6 1).

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Price per square metre

Knowing the average house price in Coundon 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, Ashwood Avenue, Coundon, Longford, sold for £212,500 on Sep-2023. Given the internal area of 73 square metres, the price per sqm is £2,910.

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 303 sales in Coundon (CV6 1) 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 Coundon (CV6 1). Of the 303 transactions, half were sold for between £2,440 and £3,050 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,050m². 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 'CV6 1' is £2,720. The table below shows how 'CV6 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV6 6 Longford	£2,100m2	£2,520m2	£2,980m2
CV6 1 Coundon	£2,440m2	£2,720m2	£3,050m2
CV6 3 Radford	£2,300m2	£2,580m2	£2,850m2
CV6 2 Keresley	£2,520m2	£2,820m2	£3,200m2
CV6 7 Wyken	£2,060m2	£2,390m2	£2,700m2
CV6 4 Holbrooks	£2,240m2	£2,530m2	£2,920m2
CV6 5 Foleshill	£1,680m2	£1,940m2	£2,360m2

Will Coundon 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 CV6 1 (Coundon). 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 CV6 1 and the blue dots are the individual property sales that inform this trend.

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

Price map for Coundon

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 Coundon. 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 Coundon

Street level data

Street	Avg size	Avg £/m2	Recent sales
Lavender Avenue, Coundon, CV6 1D	84m2	£2,585	23
Kingsbury Road, Coundon, CV6 1P	94m2	£2,850	19
Loudon Avenue, Coundon, CV6 1J	85m2	£2,161	19
Wyley Road, Coundon, CV6 1N	81m2	£1,848	19
Three Spires Avenue, Coundon, CV6 1L	79m2	£2,374	18
Banks Road, Coundon, CV6 1J	78m2	£2,624	18
Poole Road, Coundon, CV6 1H	75m2	£2,390	18
Donnington Avenue, Coundon, CV6 1F	75m2	£2,936	17

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Newhaven Close, Coundon, CV6 1Q	66m2	£3,096	9

Newhaven Close, Coundon, CV6 1Q has seen 9 new build sales in the last 4 years (average price £204,500). These new build homes typically have an internal area of 66 m2, with an average price of £3,096 m2. This £sqm average is £376 above the average for CV6 1. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Coundon 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
24, Ashwood Avenue, Coundon, Longford	£212,500 Sep-2023	73	2,910
2, Teachers Close, Coundon, Longford	£170,000 Sep-2023	49	3,469
155, Kingsbury Rd, Coundon, Longford	£235,000 Sep-2023	71	3,309

See the entire list of all sales in Coundon (CV6 1) here.