Feb 07, 2023 by HM

# House prices in Alcester (B49 6)

## Defining 'B49 6'

This analysis is limited to properties whose postcode starts with "B49 6", 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 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. 4 Oversley House, Kinwarton Road, Alcester, sold for £140,000 on Feb-2024. Given the internal area of 81 square metres, the price per sqm is £1,728.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 105 sales in Alcester (B49 6) that took place in the last two years.

##### Distribution of £ per sqm for Alcester (B49 6)
Distribution of £ per sqm house prices in Alcester

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 Alcester (B49 6). Of the 105 transactions, half were sold for between £3,220 and £4,150 per square metre. The median, or 'middle', price per square metre in 'B49 6' is £3,710. 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.

## Price map for Alcester

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 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.

House price heatmap for Alcester

## Comparison with neighbouring postcode sectors

The table below shows how 'B49 6' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B49 5 Alcester £2,830m2 £3,510m2 £4,270m2
B49 6 Alcester £3,220m2 £3,710m2 £4,150m2

## 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 6 (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 6 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Alcester (B49 6) over time
House price trends for Alcester

Hover on any blue dot to see details of specific sales

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.

## Street level data

Street Avg size Avg £/m2 Recent sales
Hertford Road, Alcester, B49 6A 82m2 £2,982 9
Kinnersley Road, Alcester, B49 6F 151m2 £3,840 9
Fields Park Drive, Alcester, B49 6G 67m2 £3,484 9
Seymour Road, Alcester, B49 6L 52m2 £3,654 9
Gerard Road, Alcester, B49 6Q 112m2 £3,480 7
Ten Acres, Alcester, B49 6P 90m2 £3,218 6
Springfield Road, Alcester, B49 6B 62m2 £3,594 6

## New build activity

Street Avg size Avg £/m2 New build sales
Woodland Drive, Alcester, B49 6F 114m2 £4,001 18

Woodland Drive, Alcester, B49 6F has seen 18 new build sales in the last 4 years (average price £468,054). These new build homes typically have an internal area of 114 m2, with an average price of £4,001 m2. This £sqm average is £291 above the average for B49 6. New builds typically command a £ per sqm premium so this is normal.

## 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.