Feb 07, 2023 by HM

House prices in Selly Oak (B29 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Selly Oak (B29 6).

---

Price per square metre

Knowing the average house price in Selly Oak 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. 235, Hubert Road, Selly Oak, sold for £460,000 on Oct-2023. Given the internal area of 113 square metres, the price per sqm is £4,070.

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. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 276 sales in Selly Oak (B29 6) 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 Selly Oak (B29 6). Of the 276 transactions, half were sold for between £2,900 and £3,960 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,960m². 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 'B29 6' is £3,370. The table below shows how 'B29 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B29 4 Birmingham	£2,870m2	£3,340m2	£4,100m2
B29 6 Selly Oak	£2,900m2	£3,370m2	£3,960m2
B29 5 Birmingham	£2,190m2	£2,470m2	£2,740m2
B29 7 Selly Park	£2,710m2	£3,200m2	£3,740m2

Will Selly Oak 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 B29 6 (Selly Oak). 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 B29 6 and the blue dots are the individual property sales that inform this trend.

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

Price map for Selly Oak

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 Selly Oak. 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 Selly Oak

Street level data

Street	Avg size	Avg £/m2	Recent sales
Hubert Road, Selly Oak, B29 6E	105m2	£3,883	34
Reservoir Road, Selly Oak, B29 6T	68m2	£2,717	29
Corisande Road, Selly Oak, B29 6R	73m2	£2,840	29
Heeley Road, Selly Oak, B29 6E	100m2	£4,322	27
Falconhurst Road, Selly Oak, B29 6S	71m2	£3,036	19
Langleys Road, Selly Oak, B29 6H	119m2	£3,028	19
Weoley Avenue, Selly Oak, B29 6P	72m2	£2,847	18
Bristol Road, Selly Oak, B29 6N	74m2	£2,233	17

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Arkell Way, Selly Oak, B29 6G	87m2	£3,383	21
Raddlebarn Road, Selly Oak, B29 6U	56m2	£4,463	10

Arkell Way, Selly Oak, B29 6G has seen 21 new build sales in the last 4 years (average price £298,608). These new build homes typically have an internal area of 87 m2, with an average price of £3,383 m2. This £sqm average is £13 above the average for B29 6. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Selly Oak 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
235, Hubert Rd, Selly Oak	£460,000 Oct-2023	113	4,070
21, Falconhurst Rd, Selly Oak	£285,000 Oct-2023	72	3,958
91, Falconhurst Rd, Selly Oak	£272,500 Sep-2023	73	3,732

See the entire list of all sales in Selly Oak (B29 6) here.