Feb 07, 2023 by HM

House prices in Austrey (CV9 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Austrey (CV9 3).

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Price per square metre

Knowing the average house price in Austrey 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. 15, Kennel Lane, Austrey, Atherstone, sold for £575,000 on Sep-2023. Given the internal area of 201 square metres, the price per sqm is £2,860.

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 125 sales in Austrey (CV9 3) 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 Austrey (CV9 3). Of the 125 transactions, half were sold for between £2,550 and £3,550 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,550m². 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 3' is £3,120. The table below shows how 'CV9 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CV9 2 Grendon	£2,240m2	£2,600m2	£3,000m2
CV9 3 Austrey	£2,550m2	£3,120m2	£3,550m2
CV9 1 Atherstone	£2,000m2	£2,510m2	£2,860m2

Will Austrey 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 3 (Austrey). 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 3 and the blue dots are the individual property sales that inform this trend.

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

Price map for Austrey

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 Austrey. 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 Austrey

Street level data

Street	Avg size	Avg £/m2	Recent sales
Main Road, Austrey, CV9 3Q	127m2	£3,394	14
St Georges Road, Austrey, CV9 3B	84m2	£2,174	13
Panama Drive, Austrey, CV9 3H	94m2	£2,893	13
Royal Meadow Drive, Austrey, CV9 3B	81m2	£2,204	13
Mill View Gardens, Austrey, CV9 3F	118m2	£3,362	12
Radford Close, Austrey, CV9 3L	65m2	£2,352	11
Kennel Lane, Austrey, CV9 3L	126m2	£3,092	9
Main Road, Austrey, CV9 3E	125m2	£2,639	9

Search for your street here.

Raw data

Our analysis of Austrey 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
15, Kennel Lane, Austrey, Atherstone	£575,000 Sep-2023	201	2,860
2, Kennel Cottages, Austrey, Atherstone	£700,000 Sep-2023	207	3,381
12, Radford Close, Austrey, Atherstone	£174,000 Aug-2023	55	3,163

See the entire list of all sales in Austrey (CV9 3) here.