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Southam House Prices Southam House Prices

The average house price in Southam is £279,666 using HM Land Registry data.

The average property price increased by £48,467 (17.01%) over the last 5 years and increased by £9,687 (2.99%) over the last 12 months.

Over the last year, there were 100 residential property sales – a decrease of 138 transactions (-138.00%) relative to the previous year. The majority of house sales (23) were in the £210,000 - £270,000 range. Then came properties in the £270,000 - £330,000 range, where 18 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 45 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,846 (-2%).

In April 2024, there were 19 new estate agency instructions, 21 agreed home sales and 10 property price reductions.

Postcodes Covered: CV47

5-Year Average Property Prices in Southam

17.01%

Property prices in Southam increased by 17.01% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Southam Over the Last Year

2.99%

Property prices in Southam increased by 2.99% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Southam - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Southam

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Southam

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Southam

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Southam since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Southam area since 1995.

Recent Property Sales in Southam

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
24 Watergall Close, Southam, Warwickshire, CV47 1GG£245,000£245,000£0024 Jul 202329 Feb 2024220 Days
26 Ploughmans Holt, Southam, Warwickshire, CV47 0EU£230,000£225,000-£5,00029 Sep 202316 Feb 2024140 Days
4 Bascote Rise, Southam, Warwickshire, CV47 0LQ£390,000£375,000-£15,00013 Jun 202314 Feb 2024246 Days
2 Coventry Road, Southam, Warwickshire, CV47 1EB£425,000£415,000-£10,00009 Aug 202308 Feb 2024183 Days
60 Linley Road, Southam, Warwickshire, CV47 0JY£310,000£300,000-£10,00008 Aug 202330 Jan 2024175 Days
4 Sycamore Grove, Southam, Warwickshire, CV47 1EY£450,000£430,000-£20,00018 Aug 202320 Dec 2023124 Days
12 Banbury Road, Southam, Warwickshire, CV47 1HL£400,000£385,000-£15,00019 Jun 202329 Nov 2023163 Days
41 The Furrows, Southam, Warwickshire, CV47 1TA£230,000£222,500-£7,50014 Jun 202308 Nov 2023147 Days
16 St Marys Close, Southam, Warwickshire, CV47 1EW£525,000£525,000£0028 Jun 202326 Oct 2023120 Days
20 Linley Road, Southam, Warwickshire, CV47 0JY£290,000£282,000-£8,00026 May 202318 Oct 2023145 Days
30 The Furrows, Southam, Warwickshire, CV47 1TA£400,000£395,000-£5,00004 May 202304 Oct 2023153 Days
34 Barkus Close, Southam, Warwickshire, CV47 1GB£240,000£230,000-£10,00004 Jul 202329 Sep 202387 Days
11 Tattle Bank, Southam, Warwickshire, CV47 1NU£180,000£171,000-£9,00021 Jun 202329 Sep 2023100 Days
10 Meteor Way, Southam, Warwickshire, CV47 1AP£335,000£330,000-£5,00003 May 202328 Sep 2023148 Days
7 Banbury Road, Southam, Warwickshire, CV47 1NT£200,000£181,250-£18,75018 Aug 202326 Sep 202339 Days
9 Rainsbrook Close, Southam, Warwickshire, CV47 1GL£450,000£440,000-£10,00021 Apr 202312 Sep 2023144 Days
21 Priors Meadow, Southam, Warwickshire, CV47 1GE£425,000£420,000-£5,00023 Jan 202311 Aug 2023200 Days
74 Mill Crescent, Southam, Warwickshire, CV47 0LP£255,000£250,000-£5,00017 Mar 202325 Jul 2023130 Days
7 Priors Meadow, Southam, Warwickshire, CV47 1GE£330,000£320,000-£10,00014 Nov 202225 Jul 2023253 Days
28 Pound Way, Southam, Warwickshire, CV47 1GT£250,000£244,000-£6,00021 Mar 202324 Jul 2023125 Days

Most Expensive Streets in Southam

PostcodeStreetAreaAverageNo. of Sales
CV47 0HYHartley GardensSoutham£1,008,8333
CV47 0LTNewstead DriveSoutham£700,0003
CV47 0HNWarwick RoadSoutham£574,8905
CV47 0HWWarwick RoadSoutham£535,30010
CV47 1EBCoventry RoadSoutham£486,6663
CV47 1GLRainsbrook CloseSoutham£450,8507
CV47 1APMeteor WaySoutham£441,45222
CV47 1FQMillholme CloseSoutham£432,5009
CV47 1HLBanbury RoadSoutham£417,8333
CV47 1FWDrovers WaySoutham£411,0005

Least Expensive Streets in Southam

PostcodeStreetAreaAverageNo. of Sales
CV47 1HGWillow GardensSoutham£142,0005
CV47 0LUChestnut PlaceSoutham£149,5416
CV47 1PXMarston CroftSoutham£150,43525
CV47 1PQBull StreetSoutham£155,2005
CV47 0JAPark LaneSoutham£165,0003
CV47 0JJLittle ParkSoutham£180,71018
CV47 1NTBanbury RoadSoutham£186,4833
CV47 1PJMountfield GardensSoutham£189,7504
CV47 2USMallard CloseSoutham£190,83315
CV47 1PUNursery CloseSoutham£204,2504

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