Feb 07, 2023 by HM

House prices in Bromsgrove (B61 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Bromsgrove (B61 7).


Defining 'B61 7'

This analysis is limited to properties whose postcode starts with "B61 7", 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 Bromsgrove 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, Westbourne Close, Bromsgrove, sold for £208,000 on Jan-2024. Given the internal area of 60 square metres, the price per sqm is £3,466.

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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 128 sales in Bromsgrove (B61 7) that took place in the last two years.

Distribution of £ per sqm for Bromsgrove (B61 7)
Distribution of £ per sqm house prices in Bromsgrove

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 Bromsgrove (B61 7). Of the 128 transactions, half were sold for between £2,770 and £3,700 per square metre. The median, or 'middle', price per square metre in 'B61 7' is £3,120. Notably, only 25% of properties that sold recently were valued at more than £3,700m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Bromsgrove

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 Bromsgrove. 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.

Property price heatmap for Bromsgrove
House price heatmap for Bromsgrove

Comparison with neighbouring postcode sectors

The table below shows how 'B61 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B61 0 Catshill £2,670m2 £3,220m2 £3,680m2
B61 7 Bromsgrove £2,770m2 £3,120m2 £3,700m2
B61 8 Bromsgrove £2,610m2 £3,160m2 £3,530m2
B61 9 Catshill £3,080m2 £3,550m2 £4,310m2

Will Bromsgrove 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 B61 7 (Bromsgrove). 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 B61 7 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Bromsgrove (B61 7) over time
House price trends for Bromsgrove

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Rock Hill, Bromsgrove, B61 7L 79m2 £2,883 19
Highfield Road, Bromsgrove, B61 7B 86m2 £2,929 17
Deansway, Bromsgrove, B61 7P 84m2 £3,169 16
St Peters Close, Bromsgrove, B61 7D 55m2 £2,839 14
Millfield Road, Bromsgrove, B61 7B 79m2 £3,201 13
Foxwalks Avenue, Bromsgrove, B61 7N 78m2 £2,319 12
Dovecote Road, Bromsgrove, B61 7B 93m2 £2,730 11
Brook Road, Bromsgrove, B61 7D 85m2 £2,955 10

Search for your street here.

Raw data

Our analysis of Bromsgrove 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
4, Westbourne Close, Bromsgrove £208,000
Jan-2024
60 3,466
28, Fox Lane, Bromsgrove £542,500
Jan-2024
221 2,454
48, Highfield Rd, Bromsgrove £230,000
Jan-2024
78 2,948

See the entire list of all sales in Bromsgrove (B61 7) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.