Feb 07, 2023 by HM

House prices in Sutton Coldfield (B75 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Sutton Coldfield (B75 7).


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. Apartment 2 Owen Court, 2 - 12, Hollyfield Road, Sutton Coldfield, sold for £177,000 on Aug-2023. Given the internal area of 57 square metres, the price per sqm is £3,105.

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 257 sales in Sutton Coldfield (B75 7) that took place in the last two years.

Distribution of £ per sqm for Sutton Coldfield (B75 7)
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.

That said, the spread of prices will give you a feel of the typical range to expect in Sutton Coldfield (B75 7). Of the 257 transactions, half were sold for between £2,650 and £3,660 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,660m2. 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 'B75 7' is £3,090. The table below shows how 'B75 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B75 7 Sutton Coldfield £2,650m2 £3,090m2 £3,660m2
B75 5 Sutton Coldfield £3,160m2 £3,890m2 £4,560m2
B75 6 Sutton Coldfield £3,690m2 £4,120m2 £4,760m2

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 B75 7 (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 B75 7 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Sutton Coldfield (B75 7) 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.

Price map for Sutton Coldfield

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

Property price heatmap for Sutton Coldfield
House price heatmap for Sutton Coldfield

Street level data

Street Avg size Avg £/m2 Recent sales
Springfield Road, Sutton Coldfield, B75 7J 78m2 £2,595 33
Lingard Road, Sutton Coldfield, B75 7E 89m2 £2,792 20
Riland Road, Sutton Coldfield, B75 7A 83m2 £3,152 19
Hollyfield Road, Sutton Coldfield, B75 7S 85m2 £3,162 18
Reddicap Heath Road, Sutton Coldfield, B75 7D 72m2 £2,892 17
Falcon Lodge Crescent, Sutton Coldfield, B75 7L 87m2 £2,707 16
Reddicap Heath Road, Sutton Coldfield, B75 7E 95m2 £2,966 15
Rectory Road, Sutton Coldfield, B75 7R 119m2 £3,512 14

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
Apartment 2 Owen Court, 2 - 12, Hollyfield Rd, Sutton Coldfield £177,000
Aug-2023
57 3,105
4, Richmond Drive, Sutton Coldfield £507,000
Aug-2023
137 3,700
7, Anvil Pl, Sutton Coldfield £315,000
Aug-2023
91 3,461

See the entire list of all sales in Sutton Coldfield (B75 7) 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.