House prices in 'B28 8', Hall Green

This article reveals price per square foot data and various charts to help you understand current housing market in 'B28 8' (Hall Green) - statistics were last calculated on 03 December 2024.

Defining 'B28 8'

This analysis is limited to properties whose postcode starts with "B28 8", this is also called the postcode sector. There are no official postcode sector names so I've just labelled it B28 8, Hall Green. It is shown in red on the map below.

Want to change geography?

You can click on the map above to change to a neighbouring sector, or you can use the search form below.

Price per square foot

Knowing the average house price in B28 8 is not much use. However, knowing average price per square foot can be quite useful. Price per sqft allows some comparison between properties of different size. We define price per square foot as the sold price divided by the internal area of a property:

£ per sqft = price ÷ internal area

For example in September 2024, 29, Southam Road, Hall Green, B28 8DQ sold for £407,000. Given the internal area of 1,270 square feet recorded on the EPC, the price per sqft is £407,000 ÷ 1,270 sqft = £320.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-). It is a huge pain to code the automatic conversion for square meters to square feet for all the graphs and charts on B28 8 and elsewhere. All the conditionals turn my tidy code for into spaghetti. I will get around to it at some point, but for now you can just divide everything by 10 in your head, move a decimal place and you'll be close enough. If you want to be more precise 1 sqm = 10.76391 sqft.


Distribution of £ per sqft for 'B28 8' vs 'B28'

The chart above is called a histogram, it helps you see the distribution of house price per sqft in B28 8 To make this chart we put all the sales data into a series of £ per sqft 'buckets' (e.g. £427 to £464, £464 to £501, £501 to £538 etc...) we then count the number of sales with within in each bucket and plot the results. The histogram is based on 158 sales that took place in B28 8, Hall Green in the last 24 months.

Generate a custom histogram like the one above but based on your own criteria.

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 B28 8, Hall Green. Notably, only 25% of properties that sold recently were valued at more than £331 sqft. For anything to be valued more than this means it has to be more desireable than the clear majority of B28 8 homes.


Box plot of £ per sqft for B28 8

Tip: click on the chart to see the values.


The chart above is called a boxplot (or a box-and-whisker plot). Box plots, like histograms, are used to graphically represent the distribution of data, showing the central tendency, spread of the distribution. In the context of £ per square foot property price distributions, box plots represent the variation in property prices within a geographic area e.g. Hall Green. The chart above shows a boxplot for 'B28 8' as well as the 'B28' postcode district.

  • Median: The horizontal line inside the box represents the median (£ per square meter). This is the midpoint of the data, meaning 50% of the prices are below this value, and 50% are above. The middle price per square foot in 'B28 8' is £275.
  • Interquartile Range (IQR): The box spans from the 25th percentile (Q1) to the 75th percentile (Q3). This is the range where the middle 50% of the data lies, giving a good indication of the typical price spread. Of the 158 transactions in B28 8, Hall Green half were sold for between £231 and £331 per square foot.
  • Whiskers: In our case, the whiskers extend from the 9th percentile (at the lower end) to the 91st percentile (at the upper end), This provides a slightly broader view of the distribution by including the middle 82% of records. The whiskers capture most of the variation but exclude extreme outliers caused by data errors in recording sold house prices or internal area.
  • 'n=' is the number of property transactions the box plot is based on; 158 for B28 8, Hall Green.
  • Property price map for Hall Green

    Have a look at the interactive price map I created for myself. Use it to explore 'B28 8' house prices all the way down to individual property plots.

    Property price heatmap for Hall Green
    House price map for Hall Green

    Hall Green house price forecasting

    I cannot tell what house prices will do in the future and don't believe anyone who says they can. However we can plot price trends, I have done this in the chart below for B28 8 (Hall Green) compared with the wider postcode district of B28. You can extrapolate from this based on your own views on future interest rates, inflation and other factors.


    House price index for B28 8

    Tip: click on the legend items to show/hide different lines


    Download house price index as CSV (premium users only).

    The chart above shows changes in 'B28 8' property prices over the last 20 years. The index is calculated from the average price paid per sqft for property in B28 8 and is set to 100 in 2004. I'm comparing the trends for B28 8,Hall Green with the wider postcode district of B28 What is more interesting is to look at the difference between flats and houses, even those in the same area follow a very different trend, to get a robust enough sample size to see this we need to zoom out and look at house price trends for the entire Birmingham local authority.

    The dashed lines show nominal house price changes, the solid lines show the same data adjusted for inflation. Economists call this the 'real' price change. You have to take inflation into account when comparing prices over time. It's calculated using the formula:

    Real Rate of Return = (1 + Nominal Rate) ÷ (1 + Inflation Rate) – 1
    In this formula, the nominal rate is the rate of change before any adjustments, and the inflation rate is taken from the Consumer Price Index. The real rate of return is a more accurate measure of change in value, because £1 today does not have the same buying power as £1 in the past. For example, if a savings account pays an interest rate of 3% per year and the inflation rate is 5% per year, the real rate of return is -2%. This means that the investment's value is shrinking by 2% each year.

    Historic returns for B28 8
    B28 8 sector B28 district
    Nominal Real Nominal Real
    20 yr per annum 2.6% -0.0% 2.9% 0.3%
    20 yr total 67.3% -0.9% 78.3% 5.6%
    10 yr per annum 3.6% 0.8% 4.3% 1.4%
    10 yr total 42.3% 8.0% 52.0% 15.4%
    5 yr per annum 2.6% -1.4% 3.4% -0.7%
    5 yr total 13.6% -7.0% 18.2% -3.3%
    1 yr per annum -4.3% -8.2% -1.9% -5.9%
    1 yr total -4.3% -8.2% -1.9% -5.9%

    This table complements the house price index chart above, presenting the data in a more detailed format. It breaks down the information into 20-year, 10-year, 5-year, and 1-year periods, further categorized by property type. For each period, we display both a per annum rate of change and a total rate of change.

    The total rate of change represents the overall change over the entire period. The formula for total return is:

    Total return = (Index at end of period ÷ Index at start of period) - 1

    The per annum rate of change is the annualized rate of change over the period. This is equivalent to the annual bank savings rate you would need to achieve the same total return over the given period. This annualized return is also known as the Compound Annual Growth Rate (CAGR). The formula for CAGR is:

    CAGR = (1 + Total return) ^ (1 ÷ Number of years) - 1

    Some specific examples:

    • Over the past 20 years, B28 8 sector have seen a -0.0% annual change when adjusted for inflation. This translates to a total change of -0.9% in real terms.
    • Over the past 5 years, B28 district have seen a -0.7% annual change when adjusted for inflation. This translates to a total change of -3.3% in real terms.

    Most recent B28 8 sales

    For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.


    Tip: hover over dots to see details


    Street level data

    Street Avg size Avg £sqft Recent sales
    Stratford Road, Hall Green, B28 8A 51 sqm £129 16
    Lulworth Road, Hall Green, B28 8N 96 sqm £298 16
    Brandon Road, Hall Green, B28 8D 82 sqm £225 14
    Fox Hollies Road, Hall Green, B28 8R 116 sqm £288 13
    Studland Road, Hall Green, B28 8N 95 sqm £243 12
    Edenbridge Road, Hall Green, B28 8P 87 sqm £258 12
    Shirley Road, Hall Green, B28 8Q 96 sqm £271 11
    Southam Road, Hall Green, B28 8D 170 sqm £270 10

    Search for your street here.

    Nearby geographies

    The table below shows how 'B28 8' compares to the other postcode sectors in B28.

    Sector Lower quartile Median Upper quartile Sales in last 2yr
    B92 7 Solihull £267 sqft £314 sqft £353 sqft 290
    B90 3 Shirley £299 sqft £353 sqft £400 sqft 290
    B28 9 Hall Green £239 sqft £274 sqft £311 sqft 147
    B28 8 Hall Green £231 sqft £275 sqft £331 sqft 158
    B28 0 Hall Green £267 sqft £306 sqft £340 sqft 288
    B27 7 Acocks Green £214 sqft £251 sqft £284 sqft 241
    B13 9 Moseley £209 sqft £258 sqft £318 sqft 257
    B13 0 Birmingham £214 sqft £254 sqft £300 sqft 225
    B11 4 Sparkhill £146 sqft £177 sqft £205 sqft 74
    B11 3 Sparkhill £174 sqft £211 sqft £244 sqft 193

    Raw data

    Our analysis of B28 8 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 sqft £/sqft
    29, Southam Rd, Hall Green £407,000
    Sep-2024
    1,270 320
    113, Cateswell Rd, Hall Green £226,000
    Aug-2024
    839 269
    Flat 23 Rivendell Court, 1051, Stratford Rd, Hall Green £45,000
    Aug-2024
    473 94

    See the entire list of all sales in B28 8 here.

    About

    I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.