Feb 07, 2023 by HM

House prices in Balsall Common (CV7 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Balsall Common (CV7 7).

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Price per square metre

Knowing the average house price in Balsall Common 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. 4, Meadow Rise, Balsall Common, sold for £325,000 on Oct-2023. Given the internal area of 61 square metres, the price per sqm is £5,327.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 276 sales in Balsall Common (CV7 7) 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 Balsall Common (CV7 7). Of the 276 transactions, half were sold for between £3,480 and £4,490 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,490m². 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 'CV7 7' is £4,030. The table below shows how 'CV7 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV7 8 Keresley End	£2,080m2	£2,580m2	£3,310m2
CV7 7 Balsall Common	£3,480m2	£4,030m2	£4,490m2
CV7 9 Exhall	£2,200m2	£2,660m2	£3,200m2

Will Balsall Common 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 CV7 7 (Balsall Common). 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 CV7 7 and the blue dots are the individual property sales that inform this trend.

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

Price map for Balsall Common

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 Balsall Common. 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 Balsall Common

Street level data

Street	Avg size	Avg £/m2	Recent sales
Kenilworth Road, Balsall Common, CV7 7D	87m2	£3,332	30
Kenilworth Road, Balsall Common, CV7 7E	101m2	£2,840	23
Balsall Street East, Balsall Common, CV7 7F	166m2	£4,167	23
Main Road, Balsall Common, CV7 7N	65m2	£3,797	19
Kelsey Lane, Balsall Common, CV7 7G	176m2	£3,824	17
Station Road, Balsall Common, CV7 7F	140m2	£3,291	16
Meer Stones Road, Balsall Common, CV7 7J	92m2	£3,715	16
Balsall Street, Balsall Common, CV7 7A	124m2	£3,992	15

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Albany Lane, Balsall Common, CV7 7S	94m2	£4,402	27

Albany Lane, Balsall Common, CV7 7S has seen 27 new build sales in the last 4 years (average price £391,598). These new build homes typically have an internal area of 94 m2, with an average price of £4,402 m2. This £sqm average is £372 above the average for CV7 7. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Balsall Common 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
4, Meadow Rise, Balsall Common	£325,000 Oct-2023	61	5,327
9, Michael Blanning Pl, Balsall Common	£244,500 Sep-2023	55	4,445
49, Dengate Drive, Balsall Common	£380,000 Sep-2023	69	5,507

See the entire list of all sales in Balsall Common (CV7 7) here.