Feb 07, 2023 by HM

House prices in Birmingham (B20 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Birmingham (B20 3).


Price per square metre

Knowing the average house price in Birmingham 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. 91, The Broadway, Birmingham, sold for £210,000 on Sep-2023. Given the internal area of 116 square metres, the price per sqm is £1,810.

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 117 sales in Birmingham (B20 3) that took place in the last two years.

Distribution of £ per sqm for Birmingham (B20 3)
Distribution of £ per sqm house prices in Birmingham

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 Birmingham (B20 3). Of the 117 transactions, half were sold for between £1,590 and £2,190 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,190m2. 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 3' is £1,850. The table below shows how 'B20 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B20 2 Handsworth £1,560m2 £2,110m2 £2,920m2
B20 3 Birmingham £1,590m2 £1,850m2 £2,190m2
B20 1 Birmingham £2,300m2 £2,620m2 £3,090m2

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

Price per square metre in Birmingham (B20 3) over time
House price trends for Birmingham

Hover on any blue dot to see details of specific sales

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

Price map for Birmingham

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 Birmingham. 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 Birmingham
House price heatmap for Birmingham

Street level data

Street Avg size Avg £/m2 Recent sales
Hutton Road, Birmingham, B20 3R 86m2 £1,875 22
Tintern Road, Birmingham, B20 3H 84m2 £1,805 13
Willmore Road, Birmingham, B20 3J 91m2 £1,574 12
Grosvenor Road, Birmingham, B20 3N 88m2 £1,844 12
Coombe Road, Birmingham, B20 3E 96m2 £2,362 10
Aston Lane, Birmingham, B20 3H 113m2 £1,563 10
The Broadway, Birmingham, B20 3E 97m2 £1,651 9
Westminster Road, Birmingham, B20 3L 158m2 £1,433 8

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Westminster Road, Birmingham, B20 3N 106m2 £1,634 11

Westminster Road, Birmingham, B20 3N has seen 11 new build sales in the last 4 years (average price £219,000). These new build homes typically have an internal area of 106 m2, with an average price of £1,634 m2. This £sqm average is £-216 below the average for B20 3. New builds typically command a £ per sqm premium. In the case of Westminster Road the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Birmingham 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
91, The Broadway, Birmingham £210,000
Sep-2023
116 1,810
32, Normandy Rd, Birmingham £188,000
Sep-2023
101 1,861
18, Grosvenor Avenue, Birmingham £175,000
Sep-2023
102 1,715

See the entire list of all sales in Birmingham (B20 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.