Feb 07, 2023 by HM

House prices in Rowley Regis (B65 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Rowley Regis (B65 9).

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Price per square metre

Knowing the average house price in Rowley Regis 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. 42, Park Avenue, Rowley Regis, sold for £200,000 on Aug-2023. Given the internal area of 74 square metres, the price per sqm is £2,702.

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 194 sales in Rowley Regis (B65 9) 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 Rowley Regis (B65 9). Of the 194 transactions, half were sold for between £2,300 and £3,010 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,010m². 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 'B65 9' is £2,700. The table below shows how 'B65 9' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B65 9 Rowley Regis	£2,300m2	£2,700m2	£3,010m2
B65 0 Rowley Regis	£1,800m2	£2,320m2	£2,800m2
B65 8 Rowley Regis	£2,060m2	£2,410m2	£2,880m2

Will Rowley Regis 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 B65 9 (Rowley Regis). 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 B65 9 and the blue dots are the individual property sales that inform this trend.

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

Price map for Rowley Regis

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 Rowley Regis. 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 Rowley Regis

Street level data

Street	Avg size	Avg £/m2	Recent sales
Uplands Avenue, Rowley Regis, B65 9P	84m2	£2,400	32
Park Avenue, Rowley Regis, B65 9E	78m2	£2,397	17
Habberley Road, Rowley Regis, B65 9Q	70m2	£2,056	17
Throne Road, Rowley Regis, B65 9J	83m2	£2,198	17
Throne Crescent, Rowley Regis, B65 9J	76m2	£2,436	15
Bryan Budd Close, Rowley Regis, B65 9B	89m2	£1,994	13
Bill Thomas Way, Rowley Regis, B65 9A	102m2	£2,783	13
Druids Avenue, Rowley Regis, B65 9R	81m2	£2,728	12

Search for your street here.

Raw data

Our analysis of Rowley Regis 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
42, Park Avenue, Rowley Regis	£200,000 Aug-2023	74	2,702
4, Roman Way, Rowley Regis	£245,000 Aug-2023	71	3,450
55, Park Avenue, Rowley Regis	£189,950 Aug-2023	58	3,275

See the entire list of all sales in Rowley Regis (B65 9) here.