Feb 07, 2023 by HM

House prices in Keresley (CV6 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Keresley (CV6 2).

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Price per square metre

Knowing the average house price in Keresley 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. 15, Morton Close, Keresley, Longford, sold for £155,000 on Sep-2023. Given the internal area of 66 square metres, the price per sqm is £2,348.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 257 sales in Keresley (CV6 2) 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 Keresley (CV6 2). Of the 257 transactions, half were sold for between £2,520 and £3,200 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,200m². 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 2' is £2,840. The table below shows how 'CV6 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV6 6 Longford	£2,070m2	£2,500m2	£2,980m2
CV6 5 Foleshill	£1,670m2	£1,940m2	£2,310m2
CV6 4 Holbrooks	£2,220m2	£2,500m2	£2,890m2
CV6 2 Keresley	£2,520m2	£2,840m2	£3,200m2
CV6 7 Wyken	£2,070m2	£2,390m2	£2,690m2
CV6 1 Coundon	£2,430m2	£2,710m2	£3,040m2
CV6 3 Radford	£2,300m2	£2,570m2	£2,850m2

Will Keresley 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 2 (Keresley). 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 2 and the blue dots are the individual property sales that inform this trend.

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

Price map for Keresley

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 Keresley. 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 Keresley

Street level data

Street	Avg size	Avg £/m2	Recent sales
Keresley Road, Keresley, CV6 2J	95m2	£2,343	28
Bennetts Road South, Keresley, CV6 2F	94m2	£2,741	24
Beake Avenue, Keresley, CV6 2H	95m2	£2,446	23
Sadler Road, Keresley, CV6 2L	81m2	£2,204	20
Birchfield Road, Keresley, CV6 2B	85m2	£2,622	20
Brownshill Green Road, Keresley, CV6 2D	86m2	£2,653	19
Norman Place Road, Keresley, CV6 2B	83m2	£2,801	19
The Scotchill, Keresley, CV6 2E	81m2	£2,526	18

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
John Murphy Gardens, Keresley, CV6 2P	99m2	£3,279	20

John Murphy Gardens, Keresley, CV6 2P has seen 20 new build sales in the last 4 years (average price £319,943). These new build homes typically have an internal area of 99 m2, with an average price of £3,279 m2. This £sqm average is £439 above the average for CV6 2. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Keresley 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
15, Morton Close, Keresley, Longford	£155,000 Sep-2023	66	2,348
30, Thurlestone Rd, Keresley, Longford	£155,000 Aug-2023	68	2,279
3, Benson Rd, Keresley, Longford	£200,000 Aug-2023	80	2,500

See the entire list of all sales in Keresley (CV6 2) here.