Feb 07, 2023 by HM

House prices in Halesowen (B63 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Halesowen (B63 4).

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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. 83, Blakedown Road, Halesowen, sold for £115,000 on Oct-2023. Given the internal area of 65 square metres, the price per sqm is £1,769.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 195 sales in Halesowen (B63 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 Halesowen (B63 4). Of the 195 transactions, half were sold for between £2,350 and £3,150 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,150m². 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 4' is £2,760. The table below shows how 'B63 4' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B63 3 Halesowen	£2,090m2	£2,640m2	£3,060m2
B63 1 Halesowen	£2,780m2	£3,330m2	£3,770m2
B63 4 Halesowen	£2,350m2	£2,760m2	£3,150m2
B63 2 Halesowen	£2,020m2	£2,440m2	£2,870m2

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 4 (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 4 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
Blackberry Lane, Halesowen, B63 4N	73m2	£2,327	34
George Road, Halesowen, B63 4D	71m2	£2,228	14
Sunbury Road, Halesowen, B63 4D	71m2	£2,218	14
Hagley Road, Halesowen, B63 4J	98m2	£2,326	12
Bassnage Road, Halesowen, B63 4H	91m2	£2,997	12
Huntingtree Road, Halesowen, B63 4H	86m2	£2,872	12
Alexandra Road, Halesowen, B63 4D	78m2	£2,126	11
Witley Avenue, Halesowen, B63 4D	90m2	£2,534	11

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
83, Blakedown Rd, Halesowen	£115,000 Oct-2023	65	1,769
21, Mount St, Halesowen	£140,000 Sep-2023	45	3,111
98, Bournes Hill, Halesowen	£235,000 Sep-2023	86	2,732

See the entire list of all sales in Halesowen (B63 4) here.