Feb 07, 2023 by HM

# House prices in West Bromwich (B71 4)

This article reveals price per square metre data and various charts to help you understand current housing market in West Bromwich (B71 4).

## 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. 9, Slaithwaite Road, West Bromwich, sold for £160,000 on Aug-2023. Given the internal area of 77 square metres, the price per sqm is £2,077.

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 68 sales in West Bromwich (B71 4) that took place in the last two years.

##### Distribution of £ per sqm for West Bromwich (B71 4)
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.

That said, the spread of prices will give you a feel of the typical range to expect in West Bromwich (B71 4). Of the 68 transactions, half were sold for between £1,930 and £2,970 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,970m2. 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 4' is £2,480. The table below shows how 'B71 4' 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 4 (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 4 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in West Bromwich (B71 4) 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.

## 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
Temple Meadows Road, West Bromwich, B71 4D 86m2 £2,854 17
Church Vale, West Bromwich, B71 4D 89m2 £1,870 12
Kyngston Road, West Bromwich, B71 4D 106m2 £2,360 12
Churchfields Way, West Bromwich, B71 4F 54m2 £2,159 11
Hallam Street, West Bromwich, B71 4H 89m2 £1,625 10
Stoney Lane, West Bromwich, B71 4E 79m2 £2,396 7
Dagger Lane, West Bromwich, B71 4B 135m2 £2,675 6
Graham Road, West Bromwich, B71 4E 90m2 £2,338 6

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
9, Slaithwaite Rd, West Bromwich £160,000
Aug-2023
77 2,077
6, Arbor Court, West Bromwich £270,000
Aug-2023
50 5,400
28, Temple Meadows Rd, West Bromwich £280,000
Aug-2023
76 3,684