Feb 07, 2023 by HM

House prices in Exhall (CV7 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Exhall (CV7 9).

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Price per square metre

Knowing the average house price in Exhall 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. 89, School Lane, Exhall, Balsall Common, sold for £154,000 on Aug-2023. Given the internal area of 77 square metres, the price per sqm is £2,000.

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 183 sales in Exhall (CV7 9) 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 Exhall (CV7 9). Of the 183 transactions, half were sold for between £2,190 and £3,180 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,180m². 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 9' is £2,650. The table below shows how 'CV7 9' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV7 8 Keresley End	£2,060m2	£2,530m2	£3,310m2
CV7 7 Balsall Common	£3,480m2	£4,030m2	£4,490m2
CV7 9 Exhall	£2,190m2	£2,650m2	£3,180m2

Will Exhall 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 9 (Exhall). 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 9 and the blue dots are the individual property sales that inform this trend.

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

Price map for Exhall

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 Exhall. 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 Exhall

Street level data

Street	Avg size	Avg £/m2	Recent sales
Robert Road, Exhall, CV7 9G	78m2	£2,426	18
St Giles Road, Exhall, CV7 9H	90m2	£2,473	17
Wheelwright Lane, Exhall, CV7 9H	105m2	£2,725	15
Tregorrick Road, Exhall, CV7 9F	84m2	£2,386	12
Deans Way, Exhall, CV7 9H	92m2	£2,409	12
Rectory Drive, Exhall, CV7 9P	98m2	£2,640	12
Coventry Road, Exhall, CV7 9B	107m2	£2,500	11
Tresillian Road, Exhall, CV7 9P	58m2	£3,181	11

Search for your street here.

Raw data

Our analysis of Exhall 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
89, School Lane, Exhall, Balsall Common	£154,000 Aug-2023	77	2,000
272, Wheelwright Lane, Exhall, Balsall Common	£312,000 Aug-2023	107	2,915
16, Robert Rd, Exhall, Balsall Common	£310,000 Aug-2023	115	2,695

See the entire list of all sales in Exhall (CV7 9) here.