Feb 07, 2023 by HM

House prices in Sheldon (B26 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Sheldon (B26 3).

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Price per square metre

Knowing the average house price in Sheldon 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. 2517, Coventry Road, Sheldon, sold for £211,500 on Sep-2023. Given the internal area of 76 square metres, the price per sqm is £2,782.

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 264 sales in Sheldon (B26 3) 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 Sheldon (B26 3). Of the 264 transactions, half were sold for between £2,400 and £3,240 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,240m². 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 'B26 3' is £2,840. The table below shows how 'B26 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B26 1 Yardley	£2,520m2	£2,980m2	£3,420m2
B26 3 Sheldon	£2,400m2	£2,840m2	£3,240m2
B26 2 Sheldon	£2,270m2	£2,710m2	£3,160m2

Will Sheldon 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 B26 3 (Sheldon). 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 B26 3 and the blue dots are the individual property sales that inform this trend.

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

Price map for Sheldon

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 Sheldon. 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 Sheldon

Street level data

Street	Avg size	Avg £/m2	Recent sales
Parkdale Road, Sheldon, B26 3U	73m2	£2,719	32
Chaffcombe Road, Sheldon, B26 3Y	74m2	£2,599	27
Whitecroft Road, Sheldon, B26 3R	77m2	£2,813	27
Coventry Road, Sheldon, B26 3P	80m2	£2,436	24
Rectory Park Road, Sheldon, B26 3L	80m2	£2,751	22
Cranes Park Road, Sheldon, B26 3S	77m2	£2,828	21
New Coventry Road, Sheldon, B26 3B	71m2	£2,483	19
Olorenshaw Road, Sheldon, B26 3N	93m2	£2,872	19

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Coventry Road, Sheldon, B26 3Y	43m2	£3,521	61
Coventry Road, Sheldon, B26 3D	43m2	£3,530	57
Coventry Road, Sheldon, B26 3B	42m2	£3,263	15

Coventry Road, Sheldon, B26 3Y has seen 61 new build sales in the last 4 years (average price £151,564). These new build homes typically have an internal area of 43 m2, with an average price of £3,521 m2. This £sqm average is £681 above the average for B26 3. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Sheldon 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
2517, Coventry Rd, Sheldon	£211,500 Sep-2023	76	2,782
2517, Coventry Rd, Sheldon	£211,500 Sep-2023	76	2,782
29, Parkdale Rd, Sheldon	£236,500 Sep-2023	81	2,919

See the entire list of all sales in Sheldon (B26 3) here.