Feb 07, 2023 by HM

House prices in Hollywood (B47 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Hollywood (B47 5).

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Price per square metre

Knowing the average house price in Hollywood 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. 2 Beech Tree Cottage, Packhorse Lane, Hollywood, sold for £409,750 on Sep-2023. Given the internal area of 107 square metres, the price per sqm is £3,829.

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. £4,350-£4,500, £4,500-£4,650, £4,650-£4,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 146 sales in Hollywood (B47 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 Hollywood (B47 5). Of the 146 transactions, half were sold for between £3,400 and £4,300 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,300m². 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 'B47 5' is £3,830. The table below shows how 'B47 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B47 5 Hollywood	£3,400m2	£3,830m2	£4,300m2
B47 6 Wythall	£3,310m2	£3,830m2	£4,310m2

Will Hollywood 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 B47 5 (Hollywood). 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 B47 5 and the blue dots are the individual property sales that inform this trend.

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

Price map for Hollywood

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 Hollywood. 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 Hollywood

Street level data

Street	Avg size	Avg £/m2	Recent sales
Shawhurst Lane, Hollywood, B47 5J	100m2	£3,169	22
Hollywood Lane, Hollywood, B47 5P	131m2	£3,902	17
Windrush Road, Hollywood, B47 5Q	77m2	£3,592	14
Corbett Road, Hollywood, B47 5L	81m2	£4,173	14
Alcester Road, Hollywood, B47 5H	89m2	£3,596	14
Dark Lane, Hollywood, B47 5B	133m2	£3,495	10
Dyas Road, Hollywood, B47 5L	95m2	£3,660	10
Sycamore Drive, Hollywood, B47 5Q	170m2	£3,501	10

Search for your street here.

Raw data

Our analysis of Hollywood 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
2 Beech Tree Cottage, Packhorse Lane, Hollywood	£409,750 Sep-2023	107	3,829
30, Falstaff Avenue, Hollywood	£355,000 Aug-2023	77	4,610
3, Forest Way, Hollywood	£246,500 Aug-2023	76	3,243

See the entire list of all sales in Hollywood (B47 5) here.