Feb 07, 2023 by HM

House prices in Alcester (B49 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Alcester (B49 5).

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Price per square metre

Knowing the average house price in Alcester 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. 15 Chestnut Court, Gas House Lane, Alcester, sold for £165,000 on Aug-2023. Given the internal area of 56 square metres, the price per sqm is £2,946.

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 108 sales in Alcester (B49 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 Alcester (B49 5). Of the 108 transactions, half were sold for between £2,630 and £4,150 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,150m². 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 'B49 5' is £3,400. The table below shows how 'B49 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B49 5 Alcester	£2,630m2	£3,400m2	£4,150m2
B49 6 Alcester	£3,120m2	£3,610m2	£4,060m2

Will Alcester 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 B49 5 (Alcester). 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 B49 5 and the blue dots are the individual property sales that inform this trend.

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

Price map for Alcester

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 Alcester. 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 Alcester

Street level data

Street	Avg size	Avg £/m2	Recent sales
School Road, Alcester, B49 5D	54m2	£2,681	22
Corinthian Court, Alcester, B49 5A	53m2	£2,593	16
Oak Tree Lane, Alcester, B49 5L	123m2	£4,231	13
Newport Drive, Alcester, B49 5B	100m2	£3,103	11
Bleachfield Street, Alcester, B49 5B	75m2	£3,362	11
Birmingham Road, Alcester, B49 5E	93m2	£3,550	11
Station Road, Alcester, B49 5E	124m2	£3,088	9
Augustus Drive, Alcester, B49 5H	78m2	£4,919	8

Search for your street here.

Raw data

Our analysis of Alcester 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
15 Chestnut Court, Gas House Lane, Alcester	£165,000 Aug-2023	56	2,946
Flat 32 Malin Court, School Rd, Alcester	£82,000 Aug-2023	45	1,822
9, Abbey Close, Alcester	£550,000 Aug-2023	138	3,985

See the entire list of all sales in Alcester (B49 5) here.