Feb 07, 2023 by HM

House prices in Foleshill (CV6 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Foleshill (CV6 5).

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Price per square metre

Knowing the average house price in Foleshill 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. 76, Eld Road, Foleshill, Longford, sold for £105,000 on Sep-2023. Given the internal area of 58 square metres, the price per sqm is £1,810.

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 179 sales in Foleshill (CV6 5) 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 Foleshill (CV6 5). Of the 179 transactions, half were sold for between £1,680 and £2,360 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,360m². 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 5' is £1,940. The table below shows how 'CV6 5' 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 Foleshill 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 5 (Foleshill). 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 5 and the blue dots are the individual property sales that inform this trend.

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

Price map for Foleshill

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 Foleshill. 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 Foleshill

Street level data

Street	Avg size	Avg £/m2	Recent sales
Queen Marys Road, Foleshill, CV6 5L	78m2	£1,552	17
Station Street East, Foleshill, CV6 5F	81m2	£1,949	16
Princess Street, Foleshill, CV6 5B	79m2	£1,606	14
Cross Road, Foleshill, CV6 5G	71m2	£1,646	14
Courtelle Road, Foleshill, CV6 5F	70m2	£2,673	11
Stoney Stanton Road, Foleshill, CV6 5E	63m2	£1,901	11
Kingfield Road, Foleshill, CV6 5P	65m2	£2,054	11
Holmsdale Road, Foleshill, CV6 5B	76m2	£1,682	10

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Owens Road, Foleshill, CV6 5Q	78m2	£2,421	37

Owens Road, Foleshill, CV6 5Q has seen 37 new build sales in the last 4 years (average price £151,815). These new build homes typically have an internal area of 78 m2, with an average price of £2,421 m2. This £sqm average is £481 above the average for CV6 5. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Foleshill 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
76, Eld Rd, Foleshill, Longford	£105,000 Sep-2023	58	1,810
82, Kingfield Rd, Foleshill, Longford	£175,000 Sep-2023	67	2,611
12, Warner Row, Foleshill, Longford	£185,000 Aug-2023	65	2,846

See the entire list of all sales in Foleshill (CV6 5) here.