Feb 07, 2023 by HM

House prices in Longford (CV6 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Longford (CV6 6).


Price per square metre

Knowing the average house price in Longford 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. 52, King Georges Avenue, Longford, sold for £162,000 on Sep-2023. Given the internal area of 97 square metres, the price per sqm is £1,670.

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 271 sales in Longford (CV6 6) that took place in the last two years.

Distribution of £ per sqm for Longford (CV6 6)
Distribution of £ per sqm house prices in Longford

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 Longford (CV6 6). Of the 271 transactions, half were sold for between £2,070 and £2,980 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,980m2. 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 6' is £2,500. The table below shows how 'CV6 6' 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 Longford 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 6 (Longford). 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 6 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Longford (CV6 6) over time
House price trends for Longford

Hover on any blue dot to see details of specific sales

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

Price map for Longford

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 Longford. 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 Longford
House price heatmap for Longford

Street level data

Street Avg size Avg £/m2 Recent sales
Grange Road, Longford, CV6 6D 84m2 £2,096 20
Towpath Close, Longford, CV6 6R 67m2 £2,602 19
Wilsons Lane, Longford, CV6 6A 100m2 £2,155 18
Vinecote Road, Longford, CV6 6E 66m2 £1,850 17
Lancaster Gardens, Longford, CV6 6H 81m2 £2,661 16
Coney Lane, Longford, CV6 6E 68m2 £2,392 15
Canalside, Longford, CV6 6R 69m2 £2,692 15
Grindle Road, Longford, CV6 6B 68m2 £1,938 14

Search for your street here.

Raw data

Our analysis of Longford 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
52, King Georges Avenue, Longford £162,000
Sep-2023
97 1,670
177, Blackhorse Rd, Longford £202,000
Sep-2023
85 2,376
39, Rudgard Rd, Longford £362,500
Aug-2023
122 2,971

See the entire list of all sales in Longford (CV6 6) here.

About

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.