Feb 07, 2023 by HM

House prices in Polesworth (B78 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Polesworth (B78 1).

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Price per square metre

Knowing the average house price in Polesworth 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. 1, Connemara Close, Polesworth, sold for £240,000 on Sep-2023. Given the internal area of 80 square metres, the price per sqm is £3,000.

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 243 sales in Polesworth (B78 1) that took place in the last two years.

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 Polesworth (B78 1). Of the 243 transactions, half were sold for between £2,290 and £3,310 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,310m². 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 'B78 1' is £2,800. The table below shows how 'B78 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B78 1 Polesworth	£2,290m2	£2,800m2	£3,310m2
B78 2 Kingsbury	£2,660m2	£3,040m2	£3,620m2
B78 3 Fazeley	£2,620m2	£3,090m2	£3,640m2

Will Polesworth 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 B78 1 (Polesworth). 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 B78 1 and the blue dots are the individual property sales that inform this trend.

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

Price map for Polesworth

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 Polesworth. 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 Polesworth

Street level data

Street	Avg size	Avg £/m2	Recent sales
Kiln Way, Polesworth, B78 1J	73m2	£3,284	20
New Street, Polesworth, B78 1T	83m2	£1,915	16
Long Street, Polesworth, B78 1S	82m2	£1,927	14
Foxwood Road, Polesworth, B78 1B	68m2	£3,085	14
Station Road, Polesworth, B78 1B	109m2	£2,425	13
Fairfields Hill, Polesworth, B78 1H	94m2	£2,751	12
Long Street, Polesworth, B78 1P	95m2	£1,629	12
Coppice Drive, Polesworth, B78 1Q	84m2	£1,783	12

Search for your street here.

Raw data

Our analysis of Polesworth 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
1, Connemara Close, Polesworth	£240,000 Sep-2023	80	3,000
37, Birchwood Avenue, Polesworth	£185,000 Sep-2023	56	3,303
52, Fairfields Hill, Polesworth	£370,000 Sep-2023	112	3,303

See the entire list of all sales in Polesworth (B78 1) here.