House prices in B71 4 (West Bromwich)

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


Defining 'B71 4'

This analysis is limited to properties whose postcode starts with "B71 4", 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. 71, Temple Meadows Road, West Bromwich, sold for £267,000 on Apr-2024. Given the internal area of 72 square metres, the price per sqm is £3,708.

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. £2,800-£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 63 sales in West Bromwich (B71 4) 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 4). Of the 63 transactions, half were sold for between £2,050 and £3,000 per square metre. The median, or 'middle', price per square metre in 'B71 4' is £2,500. Notably, only 25% of properties that sold recently were valued at more than £3,000 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.

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

Comparison with neighbouring postcode sectors

The table below shows how 'B71 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B71 4 West Bromwich £2,050 sqm £2,500 sqm £3,000 sqm
B71 3 West Bromwich £2,070 sqm £2,610 sqm £3,030 sqm
B71 2 West Bromwich £2,150 sqm £2,500 sqm £2,820 sqm
B71 1 West Bromwich £1,870 sqm £2,430 sqm £2,880 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 4 (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 4 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
Temple Meadows Road, West Bromwich, B71 4D 87 sqm £2,930 16
Church Vale, West Bromwich, B71 4D 89 sqm £1,870 12
Churchfields Way, West Bromwich, B71 4F 54 sqm £2,170 11
Kyngston Road, West Bromwich, B71 4D 106 sqm £2,389 11
Dagger Lane, West Bromwich, B71 4B 135 sqm £2,478 7
Graham Road, West Bromwich, B71 4E 90 sqm £2,338 6
Stoney Lane, West Bromwich, B71 4E 78 sqm £2,602 6
Slaithwaite Road, West Bromwich, B71 4B 66 sqm £2,570 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 sqm £/sqm
71, Temple Meadows Rd, West Bromwich £267,000
Apr-2024
72 3,708
16, Slaithwaite Rd, West Bromwich £180,000
Mar-2024
55 3,272
32, Sheridan St, West Bromwich £180,000
Mar-2024
82 2,195

See the entire list of all sales in West Bromwich (B71 4) 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.