Feb 07, 2023 by HM

House prices in Shirley (B90 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Shirley (B90 2).

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Price per square metre

Knowing the average house price in Shirley 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. 48, Binley Close, Shirley, sold for £235,000 on Oct-2023. Given the internal area of 62 square metres, the price per sqm is £3,790.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 287 sales in Shirley (B90 2) 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 Shirley (B90 2). Of the 287 transactions, half were sold for between £3,350 and £4,290 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,290m². 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 'B90 2' is £3,850. The table below shows how 'B90 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B90 2 Shirley	£3,350m2	£3,850m2	£4,290m2
B90 1 Dickens Heath	£2,810m2	£3,330m2	£3,980m2
B90 4 Cheswick Green	£3,400m2	£4,020m2	£4,640m2
B90 8 Blythe Valley Park	£3,780m2	£4,450m2	£4,690m2
B90 3 Shirley	£3,260m2	£3,890m2	£4,440m2

Will Shirley 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 B90 2 (Shirley). 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 B90 2 and the blue dots are the individual property sales that inform this trend.

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

Price map for Shirley

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 Shirley. 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 Shirley

Street level data

Street	Avg size	Avg £/m2	Recent sales
Hurdis Road, Shirley, B90 2D	81m2	£3,651	32
Neville Road, Shirley, B90 2Q	103m2	£3,730	27
Stroud Road, Shirley, B90 2J	81m2	£3,680	26
Haslucks Green Road, Shirley, B90 2N	56m2	£2,325	24
Sandy Hill Road, Shirley, B90 2E	96m2	£3,555	22
Chamberlain Crescent, Shirley, B90 2D	73m2	£3,642	22
Newborough Road, Shirley, B90 2H	72m2	£3,631	22
Fabian Crescent, Shirley, B90 2A	111m2	£3,774	21

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Victoria Crescent, Shirley, B90 2F	65m2	£3,444	32

Victoria Crescent, Shirley, B90 2F has seen 32 new build sales in the last 4 years (average price £275,035). These new build homes typically have an internal area of 65 m2, with an average price of £3,444 m2. This £sqm average is £-406 below the average for B90 2. New builds typically command a £ per sqm premium. In the case of Victoria Crescent the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Shirley 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
48, Binley Close, Shirley	£235,000 Oct-2023	62	3,790
114, Delrene Rd, Shirley	£554,682 Sep-2023	108	5,135
27, Colebrook Rd, Shirley	£402,000 Sep-2023	109	3,688

See the entire list of all sales in Shirley (B90 2) here.