# House prices in CV8 1 (Kenilworth)

## Defining 'CV8 1'

This analysis is limited to properties whose postcode starts with "CV8 1", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Kenilworth.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Kenilworth 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. 99, Woodcote Avenue, Kenilworth, sold for £400,000 on Mar-2024. Given the internal area of 98 square metres, the price per sqm is £4,081.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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. £4,700-£5,000, £5,000-£5,300, £5,300-£5,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 233 sales in Kenilworth (CV8 1) that took place in the last two years.

##### Distribution of £ per sqm for Kenilworth
Distribution of £ per sqm house prices in Kenilworth

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.

The spread of prices will give you a feel of the typical range to expect in Kenilworth (CV8 1). Of the 233 transactions, half were sold for between £3,550 and £4,930 per square metre. The median, or 'middle', price per square metre in 'CV8 1' is £4,180. Notably, only 25% of properties that sold recently were valued at more than £4,930 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Kenilworth

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Kenilworth. 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.

House price heatmap for Kenilworth

## Comparison with neighbouring postcode sectors

The table below shows how 'CV8 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CV8 1 Kenilworth £3,550 sqm £4,180 sqm £4,930 sqm
CV8 3 Wolston £2,850 sqm £3,380 sqm £3,770 sqm
CV8 2 Kenilworth £3,490 sqm £4,260 sqm £4,880 sqm

## Will Kenilworth 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 chart below for CV8 1 (Kenilworth) compared with both the wider area CV8 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Kenilworth,Kenilworth
House price trends for Kenilworth

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CV8 1 sales
Recent trends for Kenilworth

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Kenilworth to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Kenilworth 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Priory Road, Kenilworth, CV8 1L 80 sqm £3,443 20
Woodcote Avenue, Kenilworth, CV8 1B 85 sqm £3,904 20
Clinton Lane, Kenilworth, CV8 1A 89 sqm £3,914 19
Warwick Road, Kenilworth, CV8 1F 75 sqm £3,137 16
Rouncil Lane, Kenilworth, CV8 1F 137 sqm £4,327 15
High Street, Kenilworth, CV8 1L 118 sqm £4,022 14
Warwick Road, Kenilworth, CV8 1H 103 sqm £3,511 14
Rounds Hill, Kenilworth, CV8 1D 108 sqm £4,513 13

## New build activity

Street Avg size Avg £sqm New build sales
Maple Lane, Kenilworth, CV8 1T 83 sqm £4,252 11

Maple Lane, Kenilworth, CV8 1T has seen 11 new build sales in the last 4 years (average price £351,573). These new build homes typically have an internal area of 83 sqm, with an average price of £4,252 sqm. This £sqm average is £72 above the average for CV8 1. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of Kenilworth 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.