Feb 07, 2023 by HM

House prices in Cradley Heath (B64 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Cradley Heath (B64 7).


Defining 'B64 7'

This analysis is limited to properties whose postcode starts with "B64 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 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. 141, Station Road, Cradley Heath, sold for £455,000 on Jan-2024. Given the internal area of 241 square metres, the price per sqm is £1,887.

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 109 sales in Cradley Heath (B64 7) that took place in the last two years.

Distribution of £ per sqm for Cradley Heath (B64 7)
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 7). Of the 109 transactions, half were sold for between £2,150 and £3,050 per square metre. The median, or 'middle', price per square metre in 'B64 7' is £2,620. Notably, only 25% of properties that sold recently were valued at more than £3,050m2. 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.

Property price heatmap for Cradley Heath
House price heatmap for Cradley Heath

Comparison with neighbouring postcode sectors

The table below shows how 'B64 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B64 7 Cradley Heath £2,150m2 £2,620m2 £3,050m2
B64 5 Cradley Heath £2,080m2 £2,480m2 £3,180m2
B64 6 Cradley Heath £1,910m2 £2,360m2 £2,780m2

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 scatter plot below for B64 7 (Cradley Heath). 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 B64 7 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Cradley Heath (B64 7) over time
House price trends for Cradley Heath

Hover on any blue dot to see details of specific sales

Disclaimer: 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. 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 Cradley Heath data or any other data I am given.

Street level data

Street Avg size Avg £/m2 Recent sales
High Haden Road, Cradley Heath, B64 7P 101m2 £2,809 18
Halesowen Road, Cradley Heath, B64 7J 102m2 £2,354 15
Barrs Road, Cradley Heath, B64 7H 98m2 £2,478 14
Sherbourne Road, Cradley Heath, B64 7P 87m2 £2,809 11
Haden Park Road, Cradley Heath, B64 7H 110m2 £3,396 10
Trejon Road, Cradley Heath, B64 7H 79m2 £2,735 10
Coppice Road, Cradley Heath, B64 7L 78m2 £2,231 10
Beauty Bank, Cradley Heath, B64 7H 108m2 £2,463 9

Search for your street here.

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.

Address Paid m2 £/m2
141, Station Rd, Cradley Heath £455,000
Jan-2024
241 1,887
338, Halesowen Rd, Cradley Heath £325,000
Jan-2024
105 3,095
60, Barrs Rd, Cradley Heath £260,000
Jan-2024
100 2,600

See the entire list of all sales in Cradley Heath (B64 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.