# House prices in B71 1 (West Bromwich)

This article reveals price per square metre data and various charts to help you understand current housing market in 'B71 1' (West Bromwich) - statistics were last calculated on 31 July 2024.

## Defining 'B71 1'

This analysis is limited to properties whose postcode starts with "B71 1", 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 West Bromwich.

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 West Bromwich 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. 5, Somerset Road, West Bromwich, sold for £212,000 on Jun-2024. Given the internal area of 70 square metres, the price per sqm is £3,028.

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 98 sales in West Bromwich (B71 1) that took place in the last two years.

##### Distribution of £ per sqm for West Bromwich
Distribution of £ per sqm house prices in West Bromwich

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 West Bromwich (B71 1). Of the 98 transactions, half were sold for between £1,860 and £2,890 per square metre. The median, or 'middle', price per square metre in 'B71 1' is £2,460. Notably, only 25% of properties that sold recently were valued at more than £2,890 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 West Bromwich

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 West Bromwich. 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 West Bromwich

## Comparison with neighbouring postcode sectors

The table below shows how 'B71 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B71 3 West Bromwich £2,000 sqm £2,500 sqm £3,020 sqm
B71 2 West Bromwich £2,200 sqm £2,530 sqm £2,840 sqm
B71 1 West Bromwich £1,860 sqm £2,460 sqm £2,890 sqm
B71 4 West Bromwich £2,080 sqm £2,500 sqm £3,130 sqm

## Will West Bromwich 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 B71 1 (West Bromwich) compared with both the wider area B71 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 West Bromwich,West Bromwich
House price trends for West Bromwich

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 B71 1 sales
Recent trends for West Bromwich

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 West Bromwich 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 West Bromwich 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
Vicarage Road, West Bromwich, B71 1A 79 sqm £2,083 16
Vowles Road, West Bromwich, B71 1A 92 sqm £2,093 11
Ruskin Street, West Bromwich, B71 1L 85 sqm £2,036 11
Gladstone Street, West Bromwich, B71 1E 75 sqm £2,072 11
Church Lane, West Bromwich, B71 1B 81 sqm £2,402 10
Wilford Road, West Bromwich, B71 1Q 78 sqm £2,160 8
Westley Court, West Bromwich, B71 1H 57 sqm £1,668 7
Wiltshire Way, West Bromwich, B71 1J 69 sqm £1,584 6

## Raw data

Our analysis of West Bromwich 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.