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).


Defining 'B26 3'

This analysis is limited to properties whose postcode starts with "B26 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 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. 37, Leys Wood Croft, Sheldon, sold for £219,000 on Feb-2024. Given the internal area of 77 square metres, the price per sqm is £2,844.

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 258 sales in Sheldon (B26 3) that took place in the last two years.

Distribution of £ per sqm for Sheldon (B26 3)
Distribution of £ per sqm house prices in Sheldon

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 Sheldon (B26 3). Of the 258 transactions, half were sold for between £2,490 and £3,270 per square metre. The median, or 'middle', price per square metre in 'B26 3' is £2,910. Notably, only 25% of properties that sold recently were valued at more than £3,270m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Sheldon

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 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.

Property price heatmap for Sheldon
House price heatmap for Sheldon

Comparison with neighbouring postcode sectors

The table below shows how 'B26 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B26 2 Sheldon £2,360m2 £2,790m2 £3,210m2
B26 1 Yardley £2,460m2 £3,040m2 £3,490m2
B26 3 Sheldon £2,490m2 £2,910m2 £3,270m2

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.

Price per square metre in Sheldon (B26 3) over time
House price trends for Sheldon

Hover on any blue dot to see details of specific sales

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.

Street level data

Street Avg size Avg £/m2 Recent sales
Parkdale Road, Sheldon, B26 3U 73m2 £2,762 32
Chaffcombe Road, Sheldon, B26 3Y 74m2 £2,660 27
Whitecroft Road, Sheldon, B26 3R 76m2 £2,827 27
Olorenshaw Road, Sheldon, B26 3N 92m2 £2,911 22
Coventry Road, Sheldon, B26 3P 80m2 £2,384 21
Cranes Park Road, Sheldon, B26 3S 77m2 £2,829 21
Rectory Park Road, Sheldon, B26 3L 80m2 £2,788 20
New Coventry Road, Sheldon, B26 3B 72m2 £2,552 18

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Coventry Road, Sheldon, B26 3Y 43m2 £3,493 60
Coventry Road, Sheldon, B26 3D 42m2 £3,552 56

Coventry Road, Sheldon, B26 3Y has seen 60 new build sales in the last 4 years (average price £150,651). These new build homes typically have an internal area of 43 m2, with an average price of £3,493 m2. This £sqm average is £583 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
37, Leys Wood Croft, Sheldon £219,000
Feb-2024
77 2,844
525, Barrows Lane, Sheldon £252,500
Jan-2024
90 2,805
10, Morestead Avenue, Sheldon £286,000
Jan-2024
76 3,763

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