House prices in B66 3 (Smethwick)

This article reveals price per square metre data and various charts to help you understand current housing market in Smethwick (B66 3).


Defining 'B66 3'

This analysis is limited to properties whose postcode starts with "B66 3", 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 Smethwick.

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 Smethwick 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. 3, Salisbury Road, Smethwick, sold for £100,000 on Jan-2024. Given the internal area of 86 square metres, the price per sqm is £1,162.

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. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 59 sales in Smethwick (B66 3) that took place in the last two years.

Distribution of £ per sqm for Smethwick
Distribution of £ per sqm house prices in Smethwick

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 Smethwick (B66 3). Of the 59 transactions, half were sold for between £1,630 and £2,480 per square metre. The median, or 'middle', price per square metre in 'B66 3' is £1,880. Notably, only 25% of properties that sold recently were valued at more than £2,480 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 Smethwick

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 Smethwick. 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 Smethwick
House price heatmap for Smethwick

Comparison with neighbouring postcode sectors

The table below shows how 'B66 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B66 1 Smethwick £1,630 sqm £1,960 sqm £2,160 sqm
B66 2 Smethwick £1,320 sqm £2,210 sqm £2,810 sqm
B66 3 Smethwick £1,630 sqm £1,880 sqm £2,480 sqm
B66 4 Smethwick £1,640 sqm £2,090 sqm £2,400 sqm

Will Smethwick 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 B66 3 (Smethwick) compared with both the wider area B66 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Historic price per square metre in Smethwick,Smethwick
House price trends for Smethwick

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 B66 3 sales
Recent trends for Smethwick

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 Smethwick 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 Smethwick 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
Crocketts Lane, Smethwick, B66 3D 53 sqm £2,744 16
Woodlands Street, Smethwick, B66 3T 79 sqm £1,744 16
Salisbury Road, Smethwick, B66 3R 82 sqm £1,578 13
Park Retreat, Smethwick, B66 3Q 92 sqm £1,484 8
Pool Road, Smethwick, B66 3D 96 sqm £2,549 8
Durban Road, Smethwick, B66 3S 89 sqm £1,707 5
Raglan Road, Smethwick, B66 3N 81 sqm £1,506 5

Search for your street here.

New build activity

Street Avg size Avg £sqm New build sales
John Brooks Avenue, Smethwick, B66 3D 79 sqm £2,928 10

John Brooks Avenue, Smethwick, B66 3D has seen 10 new build sales in the last 4 years (average price £229,714). These new build homes typically have an internal area of 79 sqm, with an average price of £2,928 sqm. This £sqm average is £0 above the average for B66 3. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Smethwick 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 sqm £/sqm
3, Salisbury Rd, Smethwick £100,000
Jan-2024
86 1,162
72, Suffrage St, Smethwick £60,000
Jan-2024
79 759
10, Roslyn Close, Smethwick £210,000
Jan-2024
77 2,727

See the entire list of all sales in Smethwick (B66 3) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.