Feb 07, 2023 by HM

House prices in Rednal (B45 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Rednal (B45 8).

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Price per square metre

Knowing the average house price in Rednal 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. 25a, Lickey Square, Rednal, sold for £664,000 on Sep-2023. Given the internal area of 184 square metres, the price per sqm is £3,608.

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 303 sales in Rednal (B45 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 Rednal (B45 8). Of the 303 transactions, half were sold for between £2,650 and £4,330 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,330m². 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 'B45 8' is £3,380. The table below shows how 'B45 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B45 0 Rubery	£1,900m2	£2,100m2	£2,400m2
B45 8 Rednal	£2,650m2	£3,380m2	£4,330m2
B45 9 Rubery	£2,300m2	£2,760m2	£3,290m2

Will Rednal 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 B45 8 (Rednal). 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 B45 8 and the blue dots are the individual property sales that inform this trend.

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

Price map for Rednal

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 Rednal. 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 Rednal

Street level data

Street	Avg size	Avg £/m2	Recent sales
Ryde Park Road, Rednal, B45 8R	74m2	£2,349	35
Dowar Road, Rednal, B45 8R	78m2	£2,366	23
Cliff Rock Road, Rednal, B45 8Q	85m2	£2,347	22
Rednal Mill Drive, Rednal, B45 8X	56m2	£3,263	20
Wolverton Road, Rednal, B45 8R	67m2	£2,584	19
East Works Drive, Rednal, B45 8G	80m2	£3,165	18
Ashmead Drive, Rednal, B45 8A	99m2	£3,711	17
Irwin Avenue, Rednal, B45 8Q	73m2	£2,705	17

Search for your street here.

Raw data

Our analysis of Rednal 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
25a, Lickey Square, Rednal	£664,000 Sep-2023	184	3,608
15, Barnt Green Rd, Rednal	£260,000 Aug-2023	89	2,921
157, Ryde Park Rd, Rednal	£157,000 Aug-2023	69	2,275

See the entire list of all sales in Rednal (B45 8) here.