House prices in B15 1 (Edgbaston)

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


Defining 'B15 1'

This analysis is limited to properties whose postcode starts with "B15 1", 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 Edgbaston.

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 foot

Knowing the average house price in Edgbaston is not much use. However, knowing average price per square foot can be quite useful. Price per sqft allows some comparison between properties of different size. We define price per square foot as the sold price divided by the internal area of a property:

£ per sqft = price ÷ internal area
E.g. Apartment 2 98, Tennant Street, Edgbaston, sold for £235,000 on Jan-2024. Given the internal area of 710 square feet, the price per sqft is £330.

England & Wales have been officially metric for many decades. Convert this site to square meters.

The chart below is called a histogram, it helps you see the distribution of this house price per sqft data. To make this chart we put the sales data into a series of £ per sqft 'buckets' (e.g. etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 19 sales in Edgbaston (B15 1) that took place in the last two years.

Distribution of £ per sqft for Edgbaston
Distribution of £ per sqft house prices in Edgbaston

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 Edgbaston (B15 1). Of the 19 transactions, half were sold for between £226 and £344 per square foot. The median, or 'middle', price per square foot in 'B15 1' is £294. Notably, only 25% of properties that sold recently were valued at more than £344 sqft. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Edgbaston

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 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.

Property price heatmap for Edgbaston
House price heatmap for Edgbaston

Comparison with neighbouring postcode sectors

The table below shows how 'B15 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B15 3 Edgbaston £250 sqft £345 sqft £443 sqft
B15 1 Edgbaston £226 sqft £294 sqft £344 sqft
B15 2 Edgbaston £240 sqft £297 sqft £353 sqft

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 chart below for B15 1 (Edgbaston) compared with both the wider area B15 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 foot in Edgbaston,Edgbaston
House price trends for Edgbaston

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 B15 1 sales
Recent trends for Edgbaston

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 Edgbaston 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 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.

New build activity

Street Avg size Avg £sqft New build sales
William Street, Edgbaston, B15 1D 602 sqft £403 41
Communication Row, Edgbaston, B15 1D 635 sqft £393 37
Broad Street, Edgbaston, B15 1B 505 sqft £419 31

William Street, Edgbaston, B15 1D has seen 41 new build sales in the last 4 years (average price £239,918). These new build homes typically have an internal area of 602 sqft, with an average price of £403 sqft. This £sqft average is £108 above the average for B15 1. New builds typically command a £ per sqft 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 sqft £/sqft
Apartment 2 98, Tennant St, Edgbaston £235,000
Jan-2024
710 330
Flat 24 Regal Court, 72, Bishopsgate St, Edgbaston £200,000
Dec-2023
678 294
Flat 14 Regal Court, 72, Bishopsgate St, Edgbaston £150,000
Dec-2023
516 290

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