# House prices in B64 5 (Cradley Heath)

## Defining 'B64 5'

This analysis is limited to properties whose postcode starts with "B64 5", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Cradley Heath.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Cradley Heath 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. 50, Brook Lane, Cradley Heath, sold for £175,000 on Feb-2024. Given the internal area of 57 square metres, the price per sqm is £3,070.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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 82 sales in Cradley Heath (B64 5) that took place in the last two years.

##### Distribution of £ per sqm for Cradley Heath
Distribution of £ per sqm house prices in Cradley Heath

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 Cradley Heath (B64 5). Of the 82 transactions, half were sold for between £2,130 and £3,210 per square metre. The median, or 'middle', price per square metre in 'B64 5' is £2,530. Notably, only 25% of properties that sold recently were valued at more than £3,210 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Cradley Heath

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 Cradley Heath. 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.

House price heatmap for Cradley Heath

## Comparison with neighbouring postcode sectors

The table below shows how 'B64 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B64 7 Cradley Heath £2,160 sqm £2,600 sqm £3,070 sqm
B64 6 Cradley Heath £1,910 sqm £2,390 sqm £2,780 sqm
B64 5 Cradley Heath £2,130 sqm £2,530 sqm £3,210 sqm

## Will Cradley Heath 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 chart below for B64 5 (Cradley Heath) compared with both the wider area B64 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

House price trends for Cradley Heath

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent B64 5 sales

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Cradley Heath to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Cradley Heath 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Denby Way, Cradley Heath, B64 5R 97 sqm £3,158 13
Spinners End Drive, Cradley Heath, B64 5L 61 sqm £3,621 11
Woodhouse Way, Cradley Heath, B64 5E 66 sqm £3,109 9

## Raw data

Our analysis of Cradley Heath 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.