Feb 07, 2023 by HM

House prices in Halesowen (B63 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Halesowen (B63 1).

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Price per square metre

Knowing the average house price in Halesowen 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. 19, Hambleton Road, Halesowen, sold for £295,000 on Sep-2023. Given the internal area of 74 square metres, the price per sqm is £3,986.

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. £2,700-£3,000, £3,000-£3,300, £3,300-£3,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 97 sales in Halesowen (B63 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 Halesowen (B63 1). Of the 97 transactions, half were sold for between £2,780 and £3,760 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,760m². 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 'B63 1' is £3,300. The table below shows how 'B63 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B63 3 Halesowen	£2,090m2	£2,650m2	£3,050m2
B63 1 Halesowen	£2,780m2	£3,300m2	£3,760m2
B63 4 Halesowen	£2,340m2	£2,740m2	£3,140m2
B63 2 Halesowen	£2,000m2	£2,400m2	£2,820m2

Will Halesowen 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 B63 1 (Halesowen). 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 B63 1 and the blue dots are the individual property sales that inform this trend.

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

Price map for Halesowen

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 Halesowen. 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 Halesowen

Street level data

Street	Avg size	Avg £/m2	Recent sales
St Kenelms Avenue, Halesowen, B63 1D	106m2	£3,312	17
Hagley Road, Halesowen, B63 1D	123m2	£2,682	16
Dunstall Road, Halesowen, B63 1B	93m2	£2,667	14
Longmoor Road, Halesowen, B63 1A	92m2	£2,965	14
Fallowfield Road, Halesowen, B63 1B	83m2	£3,630	11
Causey Farm Road, Halesowen, B63 1E	112m2	£3,256	11
Briery Road, Halesowen, B63 1A	95m2	£3,144	10
Cherry Tree Lane, Halesowen, B63 1D	94m2	£3,351	9

Search for your street here.

Raw data

Our analysis of Halesowen 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
19, Hambleton Rd, Halesowen	£295,000 Sep-2023	74	3,986
88, Briery Rd, Halesowen	£365,000 Sep-2023	94	3,882
5, Rosemary Rd, Halesowen	£242,000 Aug-2023	95	2,547

See the entire list of all sales in Halesowen (B63 1) here.