Feb 07, 2023 by HM

House prices in Stechford (B33 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Stechford (B33 8).

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Price per square metre

Knowing the average house price in Stechford 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. 17, Manor Gardens, Stechford, Birmingham, sold for £100,000 on Oct-2023. Given the internal area of 107 square metres, the price per sqm is £934.

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 172 sales in Stechford (B33 8) 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 Stechford (B33 8). Of the 172 transactions, half were sold for between £2,040 and £2,760 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,760m². 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 'B33 8' is £2,400. The table below shows how 'B33 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B33 8 Stechford	£2,040m2	£2,400m2	£2,760m2
B33 0 Birmingham	£2,110m2	£2,440m2	£2,700m2
B33 9 Birmingham	£2,220m2	£2,590m2	£2,930m2

Will Stechford 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 B33 8 (Stechford). 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 B33 8 and the blue dots are the individual property sales that inform this trend.

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

Price map for Stechford

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 Stechford. 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 Stechford

Street level data

Street	Avg size	Avg £/m2	Recent sales
Westacre Gardens, Stechford, B33 8R	84m2	£2,618	27
Victoria Road, Stechford, B33 8A	109m2	£2,130	12
Kelynmead Road, Stechford, B33 8L	77m2	£2,217	11
Lea Hall Road, Stechford, B33 8J	79m2	£2,256	11
Church Road, Stechford, B33 8P	145m2	£2,491	10
Lyttelton Road, Stechford, B33 8B	106m2	£2,290	9
Kington Way, Stechford, B33 8P	75m2	£2,131	9
Redthorn Grove, Stechford, B33 8B	92m2	£1,819	9

Search for your street here.

Raw data

Our analysis of Stechford 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
17, Manor Gardens, Stechford, Birmingham	£100,000 Oct-2023	107	934
61, Albert Rd, Stechford, Birmingham	£200,000 Sep-2023	202	990
7, Holbeach Rd, Stechford, Birmingham	£170,000 Aug-2023	69	2,463

See the entire list of all sales in Stechford (B33 8) here.