Feb 07, 2023 by HM

House prices in West Bromwich (B71 3)

This article reveals price per square metre data and various charts to help you understand current housing market in West Bromwich (B71 3).


Defining 'B71 3'

This analysis is limited to properties whose postcode starts with "B71 3", 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 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. 39, Hopkins Drive, West Bromwich, sold for £370,000 on Feb-2024. Given the internal area of 140 square metres, the price per sqm is £2,642.

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 165 sales in West Bromwich (B71 3) that took place in the last two years.

Distribution of £ per sqm for West Bromwich (B71 3)
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 3). Of the 165 transactions, half were sold for between £2,020 and £3,030 per square metre. The median, or 'middle', price per square metre in 'B71 3' is £2,590. Notably, only 25% of properties that sold recently were valued at more than £3,030m2. 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.

Property price heatmap for West Bromwich
House price heatmap for West Bromwich

Comparison with neighbouring postcode sectors

The table below shows how 'B71 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B71 3 West Bromwich £2,020m2 £2,590m2 £3,030m2
B71 1 West Bromwich £1,850m2 £2,340m2 £2,830m2
B71 2 West Bromwich £2,100m2 £2,480m2 £2,820m2
B71 4 West Bromwich £2,040m2 £2,530m2 £2,970m2

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 3 (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 3 and the blue dots are the individual property sales that inform this trend.

Price per square metre in West Bromwich (B71 3) over time
House price trends for West Bromwich

Hover on any blue dot to see details of specific sales

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.

Street level data

Street Avg size Avg £/m2 Recent sales
Beaconview Road, West Bromwich, B71 3P 64m2 £903 54
Charlemont Avenue, West Bromwich, B71 3B 115m2 £2,678 16
Andrew Road, West Bromwich, B71 3Q 83m2 £2,576 14
Sandfield Road, West Bromwich, B71 3N 78m2 £2,431 11
Harrington Croft, West Bromwich, B71 3R 81m2 £1,732 11
Crankhall Lane, West Bromwich, B71 3J 59m2 £1,696 9
Whitworth Drive, West Bromwich, B71 3A 98m2 £3,332 9
Navigation Lane, West Bromwich, B71 3N 65m2 £2,925 9

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
39, Hopkins Drive, West Bromwich £370,000
Feb-2024
140 2,642
80, Bustleholme Lane, West Bromwich £320,000
Jan-2024
102 3,137
59, Hartland Rd, West Bromwich £190,000
Dec-2023
75 2,533

See the entire list of all sales in West Bromwich (B71 3) 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.