Feb 07, 2023 by HM

House prices in Rubery (B45 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Rubery (B45 9).

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Price per square metre

Knowing the average house price in Rubery 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. Flat 23 Beeches Court, 1, Ashill Road, Rubery, Rednal, sold for £105,000 on Sep-2023. Given the internal area of 69 square metres, the price per sqm is £1,521.

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. £2,800-£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 306 sales in Rubery (B45 9) 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 Rubery (B45 9). Of the 306 transactions, half were sold for between £2,300 and £3,280 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,280m². 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 9' is £2,780. The table below shows how 'B45 9' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B45 0 Rubery	£1,880m2	£2,100m2	£2,400m2
B45 8 Rednal	£2,610m2	£3,330m2	£4,270m2
B45 9 Rubery	£2,300m2	£2,780m2	£3,280m2

Will Rubery 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 9 (Rubery). 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 9 and the blue dots are the individual property sales that inform this trend.

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

Price map for Rubery

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 Rubery. 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 Rubery

Street level data

Street	Avg size	Avg £/m2	Recent sales
Kendal Rise Road, Rubery, B45 9P	80m2	£2,259	21
Ashill Road, Rubery, B45 9Y	51m2	£1,617	19
Newman Way, Rubery, B45 9L	65m2	£2,782	16
Barrington Road, Rubery, B45 9E	80m2	£2,838	16
Bristol Road South, Rubery, B45 9P	89m2	£2,275	15
Longwood Road, Rubery, B45 9N	67m2	£1,442	15
Callowbrook Lane, Rubery, B45 9H	71m2	£2,168	14
Loynells Road, Rubery, B45 9N	91m2	£2,661	14

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
New Road, Rubery, B45 9J	64m2	£2,055	11

New Road, Rubery, B45 9J has seen 11 new build sales in the last 4 years (average price £158,276). These new build homes typically have an internal area of 64 m2, with an average price of £2,055 m2. This £sqm average is £-725 below the average for B45 9. New builds typically command a £ per sqm premium. In the case of New Road the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Rubery 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
Flat 23 Beeches Court, 1, Ashill Rd, Rubery, Rednal	£105,000 Sep-2023	69	1,521
54, Windmill Avenue, Rubery, Rednal	£275,000 Aug-2023	82	3,353
15, Rubery Farm Grove, Rubery, Rednal	£170,000 Aug-2023	78	2,179

See the entire list of all sales in Rubery (B45 9) here.