Feb 07, 2023 by HM

House prices in Grendon (CV9 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Grendon (CV9 2).

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Price per square metre

Knowing the average house price in Grendon 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. 92, Wood Street, Grendon, Atherstone, sold for £205,000 on Oct-2023. Given the internal area of 82 square metres, the price per sqm is £2,500.

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. £2,900-£3,000, £3,000-£3,100, £3,100-£3,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 158 sales in Grendon (CV9 2) 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 Grendon (CV9 2). Of the 158 transactions, half were sold for between £2,240 and £3,010 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,010m². 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 'CV9 2' is £2,610. The table below shows how 'CV9 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV9 3 Austrey	£2,560m2	£3,140m2	£3,550m2
CV9 1 Atherstone	£1,890m2	£2,500m2	£2,860m2
CV9 2 Grendon	£2,240m2	£2,610m2	£3,010m2

Will Grendon 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 CV9 2 (Grendon). 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 CV9 2 and the blue dots are the individual property sales that inform this trend.

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

Price map for Grendon

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 Grendon. 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 Grendon

Street level data

Street	Avg size	Avg £/m2	Recent sales
Watling Street, Grendon, CV9 2P	107m2	£2,530	33
New Street, Grendon, CV9 2D	91m2	£2,171	17
Coleshill Road, Grendon, CV9 2A	96m2	£1,921	16
Boot Hill, Grendon, CV9 2E	93m2	£2,339	15
Penny Hapenny Court, Grendon, CV9 2A	59m2	£2,381	14
Wood Street, Grendon, CV9 2Q	80m2	£2,596	13
Stanley Road, Grendon, CV9 2A	75m2	£2,067	13
Tamworth Road, Grendon, CV9 2Q	99m2	£2,491	12

Search for your street here.

Raw data

Our analysis of Grendon 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
92, Wood St, Grendon, Atherstone	£205,000 Oct-2023	82	2,500
3, Baxter Close, Grendon, Atherstone	£115,000 Sep-2023	43	2,674
52, Erdington Rd, Grendon, Atherstone	£144,000 Sep-2023	83	1,734

See the entire list of all sales in Grendon (CV9 2) here.