Feb 07, 2023 by HM

House prices in Shavington (CW2 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Shavington (CW2 5).

---

Price per square metre

Knowing the average house price in Shavington 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. 75a, Rope Lane, Shavington, Crewe, sold for £25,050 on Sep-2023. Given the internal area of 95 square metres, the price per sqm is £263.

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 282 sales in Shavington (CW2 5) 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 Shavington (CW2 5). Of the 282 transactions, half were sold for between £2,330 and £2,980 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,980m². 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 'CW2 5' is £2,670. The table below shows how 'CW2 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CW2 8 Wistaston	£2,130m2	£2,470m2	£2,820m2
CW2 5 Shavington	£2,330m2	£2,670m2	£2,980m2
CW2 6 Wistaston	£1,470m2	£2,010m2	£2,700m2
CW2 7 Crewe	£1,140m2	£1,360m2	£1,790m2

Will Shavington 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 CW2 5 (Shavington). 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 CW2 5 and the blue dots are the individual property sales that inform this trend.

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

Price map for Shavington

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 Shavington. 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 Shavington

Street level data

Street	Avg size	Avg £/m2	Recent sales
Main Road, Shavington, CW2 5D	85m2	£2,704	28
Crewe Road, Shavington, CW2 5A	110m2	£2,365	20
Newcastle Road, Shavington, CW2 5E	83m2	£2,476	16
Freshwater Drive, Shavington, CW2 5G	288m2	£2,610	15
Park Estate, Shavington, CW2 5A	95m2	£2,453	14
Crewe Road, Shavington, CW2 5D	106m2	£2,269	13
Woodnoth Drive, Shavington, CW2 5B	89m2	£2,362	13
St Augustines Drive, Shavington, CW2 5F	172m2	£2,203	12

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Springbank Road, Shavington, CW2 5U	92m2	£2,366	27
Rotary Way, Shavington, CW2 5U	75m2	£2,129	13

Springbank Road, Shavington, CW2 5U has seen 27 new build sales in the last 4 years (average price £215,866). These new build homes typically have an internal area of 92 m2, with an average price of £2,366 m2. This £sqm average is £-304 below the average for CW2 5. New builds typically command a £ per sqm premium. In the case of Springbank Road the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Shavington 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
75a, Rope Lane, Shavington, Crewe	£25,050 Sep-2023	95	263
Brooklan, Englesea Brook Lane, Shavington, Crewe	£665,000 Sep-2023	154	4,318
7, Hunter Avenue, Shavington, Crewe	£291,000 Sep-2023	111	2,621

See the entire list of all sales in Shavington (CW2 5) here.