Feb 07, 2023 by HM

House prices in Birmingham (B43 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Birmingham (B43 7).


Defining 'B43 7'

This analysis is limited to properties whose postcode starts with "B43 7", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

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. 400, Queslett Road, Birmingham, Great Barr, sold for £250,000 on Feb-2024. Given the internal area of 93 square metres, the price per sqm is £2,688.

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. £2,900-£3,000, £3,000-£3,100, £3,100-£3,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 312 sales in Birmingham (B43 7) that took place in the last two years.

Distribution of £ per sqm for Birmingham (B43 7)
Distribution of £ per sqm house prices in Birmingham

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 Birmingham (B43 7). Of the 312 transactions, half were sold for between £2,660 and £3,290 per square metre. The median, or 'middle', price per square metre in 'B43 7' is £2,980. Notably, only 25% of properties that sold recently were valued at more than £3,290m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for 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.

Property price heatmap for Birmingham
House price heatmap for Birmingham

Comparison with neighbouring postcode sectors

The table below shows how 'B43 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B43 6 Great Barr £2,340m2 £3,040m2 £3,630m2
B43 5 Great Barr £2,320m2 £2,710m2 £2,950m2
B43 7 Birmingham £2,660m2 £2,980m2 £3,290m2

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 B43 7 (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 B43 7 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Birmingham (B43 7) over time
House price trends for Birmingham

Hover on any blue dot to see details of specific sales

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.

Street level data

Street Avg size Avg £/m2 Recent sales
Queslett Road, Birmingham, B43 7E 77m2 £2,778 39
Horseshoe Crescent, Birmingham, B43 7B 70m2 £2,463 38
Chantrey Crescent, Birmingham, B43 7P 77m2 £2,662 34
Queslett Road, Birmingham, B43 7D 72m2 £2,437 21
Tyndale Crescent, Birmingham, B43 7H 80m2 £2,520 21
Wimperis Way, Birmingham, B43 7D 97m2 £3,081 18
Nether Hall Avenue, Birmingham, B43 7E 107m2 £2,684 17
Raeburn Road, Birmingham, B43 7L 80m2 £2,867 17

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
400, Queslett Rd, Birmingham, Great Barr £250,000
Feb-2024
93 2,688
58, Romney Way, Birmingham, Great Barr £182,000
Feb-2024
61 2,983
25, Greenaway Close, Birmingham, Great Barr £260,000
Feb-2024
83 3,132

See the entire list of all sales in Birmingham (B43 7) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.