Feb 07, 2023 by HM

# House prices in Edgbaston (B15 3)

## Defining 'B15 3'

This analysis is limited to properties whose postcode starts with "B15 3", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

## 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 4 Ryland Place, 27, Norfolk Road, Edgbaston, sold for £270,000 on Jan-2024. Given the internal area of 91 square metres, the price per sqm is £2,967.

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 142 sales in Edgbaston (B15 3) that took place in the last two years.

##### Distribution of £ per sqm for Edgbaston (B15 3)
Distribution of £ per sqm 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 3). Of the 142 transactions, half were sold for between £2,700 and £4,560 per square metre. The median, or 'middle', price per square metre in 'B15 3' is £3,720. Notably, only 25% of properties that sold recently were valued at more than £4,560m2. 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.

House price heatmap for Edgbaston

## Comparison with neighbouring postcode sectors

The table below shows how 'B15 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B15 3 Edgbaston £2,700m2 £3,720m2 £4,560m2
B15 2 Edgbaston £2,760m2 £3,230m2 £3,820m2
B15 1 Edgbaston £2,440m2 £3,170m2 £3,700m2

## 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 3 (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 3 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Edgbaston (B15 3) over time
House price trends for Edgbaston

Hover on any blue dot to see details of specific sales

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.

## Street level data

Street Avg size Avg £/m2 Recent sales
Norfolk Road, Edgbaston, B15 3A 66m2 £3,188 24
Richmond Hill Road, Edgbaston, B15 3R 90m2 £2,897 22
Stockdale Place, Edgbaston, B15 3X 74m2 £2,239 17
Highfield Road, Edgbaston, B15 3E 68m2 £3,922 15
Church Road, Edgbaston, B15 3S 103m2 £4,483 14
Chadbrook Crest, Edgbaston, B15 3R 70m2 £1,974 12
Augustus Road, Edgbaston, B15 3P 87m2 £3,374 11
Hermitage Road, Edgbaston, B15 3U 104m2 £2,534 10

## New build activity

Street Avg size Avg £/m2 New build sales
Church Road, Edgbaston, B15 3A 86m2 £3,729 23

Church Road, Edgbaston, B15 3A has seen 23 new build sales in the last 4 years (average price £320,618). These new build homes typically have an internal area of 86 m2, with an average price of £3,729 m2. This £sqm average is £9 above the average for B15 3. 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.

Apartment 4 Ryland Place, 27, Norfolk Rd, Edgbaston £270,000
Jan-2024
91 2,967
Apartment 37 Chamberlain Place, 1a, Church Rd, Edgbaston £550,000
Dec-2023
126 4,365
1, Hartley Pl, Edgbaston £190,000
Dec-2023
78 2,435