Feb 07, 2023 by HM

House prices in Tamworth (B79 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Tamworth (B79 8).

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Price per square metre

Knowing the average house price in Tamworth 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. 44, Dryden Road, Tamworth, sold for £185,000 on Sep-2023. Given the internal area of 80 square metres, the price per sqm is £2,312.

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 230 sales in Tamworth (B79 8) 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 Tamworth (B79 8). Of the 230 transactions, half were sold for between £2,330 and £3,320 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,320m². 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 'B79 8' is £2,760. The table below shows how 'B79 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B79 0 Warton	£2,690m2	£3,000m2	£3,380m2
B79 8 Tamworth	£2,330m2	£2,760m2	£3,320m2
B79 7 Tamworth	£2,160m2	£2,630m2	£3,190m2
B79 9 Elford	£2,930m2	£3,410m2	£3,880m2

Will Tamworth 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 B79 8 (Tamworth). 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 B79 8 and the blue dots are the individual property sales that inform this trend.

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

Price map for Tamworth

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 Tamworth. 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 Tamworth

Street level data

Street	Avg size	Avg £/m2	Recent sales
Comberford Road, Tamworth, B79 8P	115m2	£2,963	32
Gillway Lane, Tamworth, B79 8P	126m2	£3,177	24
Memorial Drive, Tamworth, B79 8U	88m2	£2,939	18
Browns Lane, Tamworth, B79 8T	114m2	£2,686	13
Claremont Road, Tamworth, B79 8E	84m2	£2,902	13
Lillingstone Avenue, Tamworth, B79 8F	93m2	£3,005	12
Mildenhall, Tamworth, B79 8R	92m2	£2,587	11
Kensington Drive, Tamworth, B79 8R	88m2	£2,615	10

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Watchman Walk, Tamworth, B79 8F	78m2	£3,096	17

Watchman Walk, Tamworth, B79 8F has seen 17 new build sales in the last 4 years (average price £254,185). These new build homes typically have an internal area of 78 m2, with an average price of £3,096 m2. This £sqm average is £336 above the average for B79 8. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Tamworth 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
44, Dryden Rd, Tamworth	£185,000 Sep-2023	80	2,312
58, Gillway Lane, Tamworth	£257,000 Aug-2023	87	2,954
28, Adonis Close, Tamworth	£309,000 Aug-2023	81	3,814

See the entire list of all sales in Tamworth (B79 8) here.