Feb 07, 2023 by HM

House prices in Solihull (B91 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Solihull (B91 3).

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Price per square metre

Knowing the average house price in Solihull 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. 27, Church Hill Close, Solihull, sold for £475,000 on Sep-2023. Given the internal area of 120 square metres, the price per sqm is £3,958.

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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 265 sales in Solihull (B91 3) 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 Solihull (B91 3). Of the 265 transactions, half were sold for between £3,660 and £5,450 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,450m². 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 'B91 3' is £4,730. The table below shows how 'B91 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B91 3 Solihull	£3,660m2	£4,730m2	£5,450m2
B91 1 Solihull	£3,660m2	£4,320m2	£4,970m2
B91 2 Solihull	£2,900m2	£3,680m2	£4,400m2

Will Solihull 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 B91 3 (Solihull). 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 B91 3 and the blue dots are the individual property sales that inform this trend.

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

Price map for Solihull

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 Solihull. 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 Solihull

Street level data

Street	Avg size	Avg £/m2	Recent sales
Riverside Drive, Solihull, B91 3H	108m2	£3,302	19
Alderwood Place, Solihull, B91 3H	80m2	£2,936	17
Widney Lane, Solihull, B91 3L	140m2	£4,007	16
Shelsley Way, Solihull, B91 3U	75m2	£5,009	16
Chancel Court, Solihull, B91 3D	77m2	£3,392	15
Widney Manor Road, Solihull, B91 3J	169m2	£4,832	13
Deerhurst Court, Solihull, B91 3B	73m2	£2,621	12
Clifton Crescent, Solihull, B91 3L	126m2	£3,921	12

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Union Road, Solihull, B91 3E	56m2	£3,329	36
Homer Road, Solihull, B91 3Q	56m2	£4,877	22

Union Road, Solihull, B91 3E has seen 36 new build sales in the last 4 years (average price £180,330). These new build homes typically have an internal area of 56 m2, with an average price of £3,329 m2. This £sqm average is £-1401 below the average for B91 3. New builds typically command a £ per sqm premium. In the case of Union Road 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 Solihull 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
27, Church Hill Close, Solihull	£475,000 Sep-2023	120	3,958
28, Chipstone Close, Solihull	£520,000 Aug-2023	87	5,977
1, Dorothys Gate, Solihull	£925,000 Aug-2023	167	5,538

See the entire list of all sales in Solihull (B91 3) here.