Feb 07, 2023 by HM

House prices in Stoke Prior (B60 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Stoke Prior (B60 4).

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Price per square metre

Knowing the average house price in Stoke Prior 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. 39, Cloverdale, Stoke Prior, Bromsgrove, sold for £275,000 on Sep-2023. Given the internal area of 69 square metres, the price per sqm is £3,985.

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 67 sales in Stoke Prior (B60 4) 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 Stoke Prior (B60 4). Of the 67 transactions, half were sold for between £2,800 and £3,830 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,830m². 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 4' is £3,390. The table below shows how 'B60 4' 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 Stoke Prior 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 4 (Stoke Prior). 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 4 and the blue dots are the individual property sales that inform this trend.

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

Price map for Stoke Prior

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 Stoke Prior. 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 Stoke Prior

Street level data

Street	Avg size	Avg £/m2	Recent sales
Avoncroft Road, Stoke Prior, B60 4N	124m2	£3,420	12
Shaw Lane, Stoke Prior, B60 4D	93m2	£2,756	12
Shaw Lane, Stoke Prior, B60 4E	85m2	£2,865	12
Droitwich Road, Stoke Prior, B60 4D	130m2	£2,923	11
Redditch Road, Stoke Prior, B60 4J	119m2	£3,226	11
Cloverdale, Stoke Prior, B60 4N	86m2	£3,453	10
Sagebury Drive, Stoke Prior, B60 4E	51m2	£5,176	7
Ryefields Road, Stoke Prior, B60 4N	88m2	£2,318	6

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Brine Well Crescent, Stoke Prior, B60 4F	97m2	£3,118	16
Hastings Drive, Stoke Prior, B60 4F	90m2	£3,482	12

Brine Well Crescent, Stoke Prior, B60 4F has seen 16 new build sales in the last 4 years (average price £314,235). These new build homes typically have an internal area of 97 m2, with an average price of £3,118 m2. This £sqm average is £-272 below the average for B60 4. New builds typically command a £ per sqm premium. In the case of Brine Well Crescent 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 Stoke Prior 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
39, Cloverdale, Stoke Prior, Bromsgrove	£275,000 Sep-2023	69	3,985
24, Ryefields Rd, Stoke Prior, Bromsgrove	£285,000 Aug-2023	84	3,392
Wharf Cottage, Shaw Lane, Stoke Prior, Bromsgrove	£665,000 Aug-2023	164	4,054

See the entire list of all sales in Stoke Prior (B60 4) here.