Feb 07, 2023 by HM

House prices in Handsworth (B21 0)

This article reveals price per square metre data and various charts to help you understand current housing market in Handsworth (B21 0).

---

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. 21, George Street, Handsworth, sold for £140,000 on Sep-2023. Given the internal area of 84 square metres, the price per sqm is £1,666.

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. £1,900-£2,000, £2,000-£2,100, £2,100-£2,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 115 sales in Handsworth (B21 0) 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 Handsworth (B21 0). Of the 115 transactions, half were sold for between £1,660 and £2,060 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,060m². 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 'B21 0' is £1,890. The table below shows how 'B21 0' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B21 0 Handsworth	£1,660m2	£1,890m2	£2,060m2
B21 8 Handsworth	£1,700m2	£1,990m2	£2,260m2
B21 9 Handsworth	£1,440m2	£1,750m2	£2,000m2

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 B21 0 (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 B21 0 and the blue dots are the individual property sales that inform this trend.

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.

House price heatmap for Handsworth

Street level data

Street	Avg size	Avg £/m2	Recent sales
Victoria Road, Handsworth, B21 0S	85m2	£1,583	15
Clarence Road, Handsworth, B21 0E	77m2	£1,609	13
Station Road, Handsworth, B21 0E	100m2	£1,588	11
Sycamore Road, Handsworth, B21 0Q	114m2	£1,460	11
Crocketts Road, Handsworth, B21 0H	108m2	£1,553	11
Woodland Road, Handsworth, B21 0E	93m2	£1,573	11
Alexandra Road, Handsworth, B21 0P	79m2	£1,669	11
Tew Park Road, Handsworth, B21 0T	84m2	£1,788	10

Search for your street here.

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
21, George St, Handsworth	£140,000 Sep-2023	84	1,666
154, Nineveh Rd, Handsworth	£160,000 Sep-2023	74	2,162
135, Nineveh Rd, Handsworth	£167,000 Aug-2023	72	2,319

See the entire list of all sales in Handsworth (B21 0) here.