Feb 07, 2023 by HM

House prices in Sutton Coldfield (B74 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Sutton Coldfield (B74 2).


Defining 'B74 2'

This analysis is limited to properties whose postcode starts with "B74 2", 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 Sutton Coldfield 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. Flat 7 1a, Wyvern Road, Sutton Coldfield, sold for £270,000 on Feb-2024. Given the internal area of 81 square metres, the price per sqm is £3,333.

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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 235 sales in Sutton Coldfield (B74 2) that took place in the last two years.

Distribution of £ per sqm for Sutton Coldfield (B74 2)
Distribution of £ per sqm house prices in Sutton Coldfield

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 Sutton Coldfield (B74 2). Of the 235 transactions, half were sold for between £2,990 and £4,130 per square metre. The median, or 'middle', price per square metre in 'B74 2' is £3,520. Notably, only 25% of properties that sold recently were valued at more than £4,130m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Sutton Coldfield

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 Sutton Coldfield. 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 Sutton Coldfield
House price heatmap for Sutton Coldfield

Comparison with neighbouring postcode sectors

The table below shows how 'B74 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B74 2 Sutton Coldfield £2,990m2 £3,520m2 £4,130m2
B74 3 Sutton Coldfield £3,030m2 £3,820m2 £4,480m2
B74 4 Sutton Coldfield £3,280m2 £4,070m2 £4,780m2

Will Sutton Coldfield 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 B74 2 (Sutton Coldfield). 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 B74 2 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Sutton Coldfield (B74 2) over time
House price trends for Sutton Coldfield

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Sutton Coldfield 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 Sutton Coldfield data or any other data I am given.

Street level data

Street Avg size Avg £/m2 Recent sales
Chester Road, Sutton Coldfield, B74 2H 125m2 £3,604 24
Lichfield Road, Sutton Coldfield, B74 2X 97m2 £2,896 23
Lichfield Road, Sutton Coldfield, B74 2T 75m2 £3,437 22
Blue Cedar Drive, Sutton Coldfield, B74 2A 70m2 £3,197 22
Four Oaks Road, Sutton Coldfield, B74 2X 105m2 £2,805 20
Aldridge Road, Sutton Coldfield, B74 2D 84m2 £3,353 16
Lichfield Road, Sutton Coldfield, B74 2R 96m2 £2,886 15
Anchorage Road, Sutton Coldfield, B74 2P 88m2 £3,298 13

Search for your street here.

Raw data

Our analysis of Sutton Coldfield 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
Flat 7 1a, Wyvern Rd, Sutton Coldfield £270,000
Feb-2024
81 3,333
Flat 6 Oakhurst, 30, Anchorage Rd, Sutton Coldfield £170,000
Jan-2024
44 3,863
Apartment 7 34, Lichfield Rd, Sutton Coldfield £180,000
Dec-2023
64 2,812

See the entire list of all sales in Sutton Coldfield (B74 2) 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.