House prices in B78 3 (Fazeley)

This article reveals price per square metre data and various charts to help you understand current housing market in Fazeley, Polesworth (B78 3).

Defining 'B78 3'

This analysis is limited to properties whose postcode starts with "B78 3", 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 Fazeley.

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 Fazeley 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. 49, George Avenue, Fazeley, Polesworth, sold for £287,500 on Mar-2024. Given the internal area of 92 square metres, the price per sqm is £3,125.

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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 203 sales in Fazeley (B78 3) that took place in the last two years.

Distribution of £ per sqm for Fazeley, Polesworth
Distribution of £ per sqm house prices in Fazeley

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 Fazeley (B78 3). Of the 203 transactions, half were sold for between £2,620 and £3,570 per square metre. The median, or 'middle', price per square metre in 'B78 3' is £3,090. Notably, only 25% of properties that sold recently were valued at more than £3,570 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 Fazeley, Polesworth

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 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.

House price heatmap for Fazeley, Polesworth

Comparison with neighbouring postcode sectors

The table below shows how 'B78 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B78 2 Kingsbury £2,650 sqm £3,050 sqm £3,570 sqm
B78 1 Polesworth £2,370 sqm £2,810 sqm £3,330 sqm
B78 3 Fazeley £2,620 sqm £3,090 sqm £3,570 sqm

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 chart below for B78 3 (Fazeley) compared with both the wider area B78 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 Fazeley,Polesworth
House price trends for Fazeley

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 B78 3 sales
Recent trends for Fazeley

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 Polesworth 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 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.

Street level data

Street Avg size Avg £sqm Recent sales
Reindeer Road, Fazeley, B78 3S 92 sqm £2,700 16
The Laurels, Fazeley, B78 3E 73 sqm £2,684 16
Deer Park Road, Fazeley, B78 3S 76 sqm £2,720 15
Lichfield Road, Fazeley, B78 3A 128 sqm £3,226 15
Park Lane, Fazeley, B78 3H 147 sqm £3,094 13
Marina View, Fazeley, B78 3B 57 sqm £2,415 13
Sutton Road, Fazeley, B78 3P 120 sqm £3,176 13
Oak Drive, Fazeley, B78 3P 90 sqm £2,476 12

New build activity

Street Avg size Avg £sqm New build sales
Austen Drive, Fazeley, B78 3B 96 sqm £3,121 13

Austen Drive, Fazeley, B78 3B has seen 13 new build sales in the last 4 years (average price £304,655). These new build homes typically have an internal area of 96 sqm, with an average price of £3,121 sqm. This £sqm average is £31 above the average for B78 3. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Fazeley 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.