House prices in CW3 9 (Madeley)

This article reveals price per square metre data and various charts to help you understand current housing market in Madeley (CW3 9).


Defining 'CW3 9'

This analysis is limited to properties whose postcode starts with "CW3 9", 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 Madeley.

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 Madeley 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. 40, Bar Hill, Madeley, sold for £175,000 on Mar-2024. Given the internal area of 76 square metres, the price per sqm is £2,302.

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. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 137 sales in Madeley (CW3 9) that took place in the last two years.

Distribution of £ per sqm for Madeley
Distribution of £ per sqm house prices in Madeley

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 Madeley (CW3 9). Of the 137 transactions, half were sold for between £2,020 and £2,940 per square metre. The median, or 'middle', price per square metre in 'CW3 9' is £2,410. Notably, only 25% of properties that sold recently were valued at more than £2,940 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 Madeley

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 Madeley. 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.

Property price heatmap for Madeley
House price heatmap for Madeley

Comparison with neighbouring postcode sectors

The table below shows how 'CW3 9' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CW3 0 Audlem £2,880 sqm £3,360 sqm £4,050 sqm
CW3 9 Madeley £2,020 sqm £2,410 sqm £2,940 sqm

Will Madeley 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 CW3 9 (Madeley) compared with both the wider area CW3 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 Madeley,Madeley
House price trends for Madeley

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 CW3 9 sales
Recent trends for Madeley

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 Madeley 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 Madeley 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
Newcastle Road, Madeley, CW3 9J 88 sqm £2,028 19
Hillwood Road, Madeley, CW3 9J 99 sqm £2,390 10
Beech Avenue, Madeley, CW3 9T 111 sqm £2,750 10
Moss Lane, Madeley, CW3 9N 84 sqm £2,132 9
John Offley Road, Madeley, CW3 9N 77 sqm £2,005 9
Morningside, Madeley, CW3 9N 77 sqm £1,812 8
Bar Hill, Madeley, CW3 9Q 107 sqm £2,219 8
Beck Road, Madeley, CW3 9J 79 sqm £2,520 7

Search for your street here.

New build activity

Street Avg size Avg £sqm New build sales
Grove Crescent, Madeley, CW3 9S 142 sqm £2,662 9

Grove Crescent, Madeley, CW3 9S has seen 9 new build sales in the last 4 years (average price £369,809). These new build homes typically have an internal area of 142 sqm, with an average price of £2,662 sqm. This £sqm average is £252 above the average for CW3 9. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Madeley 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 sqm £/sqm
40, Bar Hill, Madeley £175,000
Mar-2024
76 2,302
11, River Lea Mews, Madeley £250,000
Feb-2024
115 2,173
Flat 1 Swan Court, Nantwich Rd, Madeley £280,000
Feb-2024
116 2,413

See the entire list of all sales in Madeley (CW3 9) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.