Feb 07, 2023 by HM

House prices in Sparkhill (B11 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Sparkhill (B11 3).


Price per square metre

Knowing the average house price in Sparkhill 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. 272, Percy Road, Sparkhill, sold for £115,000 on Oct-2023. Given the internal area of 80 square metres, the price per sqm is £1,437.

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. £2,350-£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 216 sales in Sparkhill (B11 3) that took place in the last two years.

Distribution of £ per sqm for Sparkhill (B11 3)
Distribution of £ per sqm house prices in Sparkhill

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 Sparkhill (B11 3). Of the 216 transactions, half were sold for between £1,870 and £2,760 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,760m2. 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 'B11 3' is £2,260. The table below shows how 'B11 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B11 2 Tyseley £1,780m2 £2,070m2 £2,280m2
B11 1 Birmingham £1,460m2 £1,780m2 £2,070m2
B11 4 Sparkhill £1,520m2 £1,950m2 £2,370m2
B11 3 Sparkhill £1,870m2 £2,260m2 £2,760m2

Will Sparkhill 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 B11 3 (Sparkhill). 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 B11 3 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Sparkhill (B11 3) over time
House price trends for Sparkhill

Hover on any blue dot to see details of specific sales

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

Price map for Sparkhill

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 Sparkhill. 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.

Property price heatmap for Sparkhill
House price heatmap for Sparkhill

Street level data

Street Avg size Avg £/m2 Recent sales
Sunningdale Road, Sparkhill, B11 3Q 67m2 £2,529 19
Knowle Road, Sparkhill, B11 3A 80m2 £1,826 19
Solihull Road, Sparkhill, B11 3A 82m2 £1,935 18
Percy Road, Sparkhill, B11 3L 76m2 £1,903 18
Cateswell Road, Sparkhill, B11 3D 87m2 £2,672 17
Springcroft Road, Sparkhill, B11 3E 78m2 £2,174 16
Weston Lane, Sparkhill, B11 3R 77m2 £1,825 16
Medina Road, Sparkhill, B11 3S 75m2 £1,973 16

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Exel Drive, Sparkhill, B11 3J 62m2 £2,441 28
Eaton Road, Sparkhill, B11 3J 97m2 £2,951 22

Exel Drive, Sparkhill, B11 3J has seen 28 new build sales in the last 4 years (average price £171,918). These new build homes typically have an internal area of 62 m2, with an average price of £2,441 m2. This £sqm average is £181 above the average for B11 3. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Sparkhill 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
272, Percy Rd, Sparkhill £115,000
Oct-2023
80 1,437
41, Mayfield Rd, Sparkhill £225,000
Oct-2023
96 2,343
44, Lyncroft Rd, Sparkhill £230,000
Aug-2023
72 3,194

See the entire list of all sales in Sparkhill (B11 3) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.