Feb 07, 2023 by HM

House prices in West Bromwich (B71 2)

This article reveals price per square metre data and various charts to help you understand current housing market in West Bromwich (B71 2).

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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. 42, Winchester Road, West Bromwich, sold for £145,000 on Sep-2023. Given the internal area of 84 square metres, the price per sqm is £1,726.

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. £2,350-£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 149 sales in West Bromwich (B71 2) 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 West Bromwich (B71 2). Of the 149 transactions, half were sold for between £2,120 and £2,730 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,730m². 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 'B71 2' is £2,440. The table below shows how 'B71 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B71 4 West Bromwich	£1,930m2	£2,480m2	£2,970m2
B71 2 West Bromwich	£2,120m2	£2,440m2	£2,730m2
B71 3 West Bromwich	£1,930m2	£2,520m2	£3,020m2
B71 1 West Bromwich	£1,850m2	£2,240m2	£2,720m2

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 scatter plot below for B71 2 (West Bromwich). 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 B71 2 and the blue dots are the individual property sales that inform this trend.

Disclaimer: 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. 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 West Bromwich data or any other data I am given.

Price map for West Bromwich

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 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. I will explain more about the methodology and create a key next week.

House price heatmap for West Bromwich

Street level data

Street	Avg size	Avg £/m2	Recent sales
Coles Lane, West Bromwich, B71 2Q	78m2	£2,253	20
Marsh Lane, West Bromwich, B71 2D	72m2	£1,871	17
The Broadway, West Bromwich, B71 2Q	84m2	£2,264	14
Crockford Road, West Bromwich, B71 2E	69m2	£2,309	13
James Watt Street, West Bromwich, B71 2A	85m2	£2,195	13
Hydes Road, West Bromwich, B71 2E	87m2	£2,427	12
Canterbury Road, West Bromwich, B71 2L	77m2	£2,243	12
Heath Lane, West Bromwich, B71 2B	90m2	£2,345	12

Search for your street here.

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.

Address	Paid	m2	£/m2
53, Lynton Avenue, West Bromwich	£180,000 Sep-2023	71	2,535
42, Winchester Rd, West Bromwich	£145,000 Sep-2023	84	1,726
36, James Watt St, West Bromwich	£230,000 Sep-2023	91	2,527

See the entire list of all sales in West Bromwich (B71 2) here.