Feb 07, 2023 by HM

House prices in Edgbaston (B15 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Edgbaston (B15 1).

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Price per square metre

Knowing the average house price in Edgbaston 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. Apartment 208 Broadway, 105, Broad Street, Edgbaston, sold for £230,000 on Aug-2023. Given the internal area of 65 square metres, the price per sqm is £3,538.

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. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 26 sales in Edgbaston (B15 1) 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 Edgbaston (B15 1). Of the 26 transactions, half were sold for between £2,810 and £4,580 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,580m². 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 'B15 1' is £3,500. The table below shows how 'B15 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B15 2 Edgbaston	£2,860m2	£3,280m2	£3,830m2
B15 3 Edgbaston	£2,740m2	£3,720m2	£4,560m2
B15 1 Edgbaston	£2,810m2	£3,500m2	£4,580m2

Will Edgbaston 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 B15 1 (Edgbaston). 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 B15 1 and the blue dots are the individual property sales that inform this trend.

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

Price map for Edgbaston

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 Edgbaston. 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 Edgbaston

New build activity

Street	Avg size	Avg £/m2	New build sales
William Street, Edgbaston, B15 1D	56m2	£4,259	83
Broad Street, Edgbaston, B15 1B	47m2	£4,492	73
Communication Row, Edgbaston, B15 1D	58m2	£4,269	61

William Street, Edgbaston, B15 1D has seen 83 new build sales in the last 4 years (average price £236,615). These new build homes typically have an internal area of 56 m2, with an average price of £4,259 m2. This £sqm average is £759 above the average for B15 1. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Edgbaston 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
Apartment 208 Broadway, 105, Broad St, Edgbaston	£230,000 Aug-2023	65	3,538
22, Frederick Rd, Edgbaston	£845,000 Apr-2023	171	4,941
Flat 19 Hampton Court, George Rd, Edgbaston	£102,000 Mar-2023	90	1,133

See the entire list of all sales in Edgbaston (B15 1) here.