Feb 07, 2023 by HM

House prices in Handsworth (B20 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Handsworth (B20 2).


Price per square metre

Knowing the average house price in Handsworth 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. 71, Denewood Avenue, Handsworth, Birmingham, sold for £292,000 on Sep-2023. Given the internal area of 88 square metres, the price per sqm is £3,318.

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 123 sales in Handsworth (B20 2) that took place in the last two years.

Distribution of £ per sqm for Handsworth (B20 2)
Distribution of £ per sqm house prices in Handsworth

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 Handsworth (B20 2). Of the 123 transactions, half were sold for between £1,580 and £2,890 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,890m2. 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 'B20 2' is £2,110. The table below shows how 'B20 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B20 1 Birmingham £2,300m2 £2,590m2 £3,000m2
B20 3 Birmingham £1,590m2 £1,870m2 £2,360m2
B20 2 Handsworth £1,580m2 £2,110m2 £2,890m2

Will Handsworth 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 B20 2 (Handsworth). 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 B20 2 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Handsworth (B20 2) over time
House price trends for Handsworth

Hover on any blue dot to see details of specific sales

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

Price map for Handsworth

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 Handsworth. 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 Handsworth
House price heatmap for Handsworth

Street level data

Street Avg size Avg £/m2 Recent sales
Wood Lane, Handsworth, B20 2A 100m2 £2,024 17
Somerset Road, Handsworth, B20 2J 119m2 £1,901 15
Handsworth Wood Road, Handsworth, B20 2R 67m2 £1,227 13
Cornwall Road, Handsworth, B20 2H 83m2 £1,695 11
Selborne Road, Handsworth, B20 2D 133m2 £1,373 11
West Avenue, Handsworth, B20 2L 117m2 £2,371 10
Handsworth Wood Road, Handsworth, B20 2D 131m2 £1,504 10
Cherry Orchard Road, Handsworth, B20 2L 116m2 £2,769 10

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Lea Hall Green, Handsworth, B20 2A 90m2 £2,729 20

Lea Hall Green, Handsworth, B20 2A has seen 20 new build sales in the last 4 years (average price £261,292). These new build homes typically have an internal area of 90 m2, with an average price of £2,729 m2. This £sqm average is £619 above the average for B20 2. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Handsworth 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
71, Denewood Avenue, Handsworth, Birmingham £292,000
Sep-2023
88 3,318
8, Butlers Close, Handsworth, Birmingham £108,000
Aug-2023
64 1,687
Flat 15 Penda Court, 161b, Hamstead Rd, Handsworth, Birmingham £90,000
Aug-2023
57 1,578

See the entire list of all sales in Handsworth (B20 2) 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.