Feb 07, 2023 by HM

House prices in Lickey End (B60 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Lickey End (B60 1).

---

Price per square metre

Knowing the average house price in Lickey End 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. 7, Tutnall Grange, Lickey End, Bromsgrove, sold for £958,000 on Oct-2023. Given the internal area of 240 square metres, the price per sqm is £3,991.

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 176 sales in Lickey End (B60 1) 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 Lickey End (B60 1). Of the 176 transactions, half were sold for between £3,000 and £4,210 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,210m². 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 'B60 1' is £3,600. The table below shows how 'B60 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B60 1 Lickey End	£3,000m2	£3,600m2	£4,210m2
B60 3 Bromsgrove	£2,870m2	£3,330m2	£3,820m2
B60 2 Bromsgrove	£2,940m2	£3,620m2	£4,070m2
B60 4 Stoke Prior	£2,800m2	£3,390m2	£3,830m2

Will Lickey End 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 B60 1 (Lickey End). 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 B60 1 and the blue dots are the individual property sales that inform this trend.

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

Price map for Lickey End

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 Lickey End. 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 Lickey End

Street level data

Street	Avg size	Avg £/m2	Recent sales
Housman Park, Lickey End, B60 1A	48m2	£2,043	23
Burcot Lane, Lickey End, B60 1A	69m2	£2,104	21
Old Birmingham Road, Lickey End, B60 1D	117m2	£3,493	21
Linthurst Newtown, Lickey End, B60 1B	127m2	£3,999	18
Cottage Lane, Lickey End, B60 1D	91m2	£3,225	17
Marlbrook Lane, Lickey End, B60 1H	118m2	£3,210	11
Stratford Gardens, Lickey End, B60 1E	84m2	£2,738	11
Littleheath Lane, Lickey End, B60 1J	109m2	£3,614	11

Search for your street here.

Raw data

Our analysis of Lickey End 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
7, Tutnall Grange, Lickey End, Bromsgrove	£958,000 Oct-2023	240	3,991
29, Forest Close, Lickey End, Bromsgrove	£290,000 Sep-2023	96	3,020
12, Blackmore Lane, Lickey End, Bromsgrove	£240,000 Sep-2023	81	2,962

See the entire list of all sales in Lickey End (B60 1) here.