House prices in B31 2 (Northfield)

This article reveals price per square metre data and various charts to help you understand current housing market in 'B31 2' (Northfield, Birmingham) - statistics were last calculated on 04 October 2024.

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Defining 'B31 2'

This analysis is limited to properties whose postcode starts with "B31 2", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Northfield.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Northfield 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. 7, Victoria Drive, Northfield, Birmingham, sold for £345,000 on Jul-2024. Given the internal area of 98 square metres, the price per sqm is £3,520.

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 ;-) They may want to convert square meters 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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 222 sales in Northfield (B31 2) that took place in the last two years.

Generate a custom chart 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 Northfield (B31 2). Of the 222 transactions, half were sold for between £2,360 and £3,520 per square metre. The median, or 'middle', price per square metre in 'B31 2' is £2,940. Notably, only 25% of properties that sold recently were valued at more than £3,520 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Northfield, Birmingham

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 Birmingham. 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.

House price heatmap for Northfield, Birmingham

Comparison with neighbouring postcode sectors

The table below shows how 'B31 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B31 3 Birmingham	£2,300 sqm	£2,680 sqm	£3,050 sqm
B31 4 Birmingham	£2,290 sqm	£2,920 sqm	£3,210 sqm
B31 5 Northfield	£2,540 sqm	£2,900 sqm	£3,240 sqm
B31 1 Birmingham	£2,350 sqm	£2,820 sqm	£3,060 sqm
B31 2 Northfield	£2,360 sqm	£2,940 sqm	£3,520 sqm

Will Birmingham 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 chart below for B31 2 (Northfield) compared with both the wider area B31 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

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.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Birmingham to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Birmingham 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.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Rea Road, Northfield, B31 2P	87 sqm	£2,119	25
Riverpark Way, Northfield, B31 2G	85 sqm	£2,694	23
Pamela Road, Northfield, B31 2Q	88 sqm	£3,042	19
Hawkesley Mill Lane, Northfield, B31 2R	91 sqm	£2,441	18
Heath Road South, Northfield, B31 2B	116 sqm	£3,664	18
Great Stone Road, Northfield, B31 2L	79 sqm	£2,761	17
Kingshurst Road, Northfield, B31 2L	74 sqm	£3,108	16
Bunbury Road, Northfield, B31 2D	136 sqm	£2,482	14

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Austin Way, Northfield, B31 2G	70 sqm	£3,501	10
Bristol Road South, Northfield, B31 2F	65 sqm	£4,541	16

Austin Way, Northfield, B31 2G has seen 10 new build sales in the last 4 years (average price £254,565). These new build homes typically have an internal area of 70 sqm, with an average price of £3,501 sqm. This £sqm average is £561 above the average for B31 2. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Northfield 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	sqm	£/sqm
7, Victoria Drive, Northfield, Birmingham	£345,000 Jul-2024	98	3,520
Apartment 5 26, Griffin Close, Northfield, Birmingham	£123,000 Jul-2024	50	2,460
351, Heath Rd South, Northfield, Birmingham	£427,000 Jul-2024	111	3,846

See the entire list of all sales in Northfield (B31 2) here.