Feb 07, 2023 by HM

House prices in Birmingham (B37 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Birmingham (B37 5).

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Price per square metre

Knowing the average house price in Birmingham 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. 42, Yorklea Croft, Birmingham, sold for £118,000 on Aug-2023. Given the internal area of 61 square metres, the price per sqm is £1,934.

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 163 sales in Birmingham (B37 5) 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 Birmingham (B37 5). Of the 163 transactions, half were sold for between £1,780 and £2,420 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,420m². 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 'B37 5' is £2,040. The table below shows how 'B37 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B37 7 Birmingham	£2,050m2	£2,840m2	£3,390m2
B37 5 Birmingham	£1,780m2	£2,040m2	£2,420m2
B37 6 Birmingham	£2,030m2	£2,320m2	£2,710m2

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 scatter plot below for B37 5 (Birmingham). 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 B37 5 and the blue dots are the individual property sales that inform this trend.

Disclaimer: 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. 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 Birmingham data or any other data I am given.

Price map for Birmingham

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 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. I will explain more about the methodology and create a key next week.

House price heatmap for Birmingham

Street level data

Street	Avg size	Avg £/m2	Recent sales
Conway Road, Birmingham, B37 5L	85m2	£1,783	26
Leyburn Road, Birmingham, B37 5J	69m2	£2,514	17
Oxford Grove, Birmingham, B37 5P	93m2	£2,496	13
Cambridge Drive, Birmingham, B37 5N	86m2	£1,812	12
Arderne Drive, Birmingham, B37 5H	79m2	£1,947	11
Heathmere Drive, Birmingham, B37 5E	62m2	£1,604	10
Piggotts Croft, Birmingham, B37 5A	90m2	£1,667	9
Kettlewell Way, Birmingham, B37 5J	79m2	£2,553	9

Search for your street here.

Raw data

Our analysis of Birmingham 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
42, Yorklea Croft, Birmingham	£118,000 Aug-2023	61	1,934
4, Ilkley Grove, Birmingham	£230,000 Aug-2023	83	2,771
174, Woodclose Rd, Birmingham	£132,000 Aug-2023	76	1,736

See the entire list of all sales in Birmingham (B37 5) here.