Feb 07, 2023 by HM

# House prices in Knowle (B93 0)

## Defining 'B93 0'

This analysis is limited to properties whose postcode starts with "B93 0", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

## Price per square metre

Knowing the average house price in Knowle 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. 9 The Barns, Oldwich Lane West, Knowle, sold for £275,000 on Jan-2024. Given the internal area of 48 square metres, the price per sqm is £5,729.

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. £4,700-£5,000, £5,000-£5,300, £5,300-£5,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 104 sales in Knowle (B93 0) that took place in the last two years.

##### Distribution of £ per sqm for Knowle (B93 0)
Distribution of £ per sqm house prices in Knowle

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 Knowle (B93 0). Of the 104 transactions, half were sold for between £3,850 and £5,410 per square metre. The median, or 'middle', price per square metre in 'B93 0' is £4,730. Notably, only 25% of properties that sold recently were valued at more than £5,410m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Knowle

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 Knowle. 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 Knowle

## Comparison with neighbouring postcode sectors

The table below shows how 'B93 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B93 8 Dorridge £4,350m2 £5,130m2 £5,710m2
B93 0 Knowle £3,850m2 £4,730m2 £5,410m2
B93 9 Knowle £4,500m2 £5,070m2 £5,530m2

## Will Knowle 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 B93 0 (Knowle). 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 B93 0 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Knowle (B93 0) over time
House price trends for Knowle

Hover on any blue dot to see details of specific sales

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

## Street level data

Street Avg size Avg £/m2 Recent sales
St Lawrence Close, Knowle, B93 0E 77m2 £3,859 16
Lodge Road, Knowle, B93 0H 90m2 £4,169 15
Oldwich Lane West, Knowle, B93 0B 114m2 £4,796 14
Barton Drive, Knowle, B93 0P 109m2 £4,022 13
Rising Lane, Knowle, B93 0D 166m2 £4,395 12
St Johns Close, Knowle, B93 0N 66m2 £3,399 12
Crabmill Close, Knowle, B93 0N 105m2 £4,730 11
Station Road, Knowle, B93 0H 95m2 £4,038 10

## New build activity

Street Avg size Avg £/m2 New build sales
Station Road, Knowle, B93 0J 65m2 £6,077 20

Station Road, Knowle, B93 0J has seen 20 new build sales in the last 4 years (average price £396,778). These new build homes typically have an internal area of 65 m2, with an average price of £6,077 m2. This £sqm average is £1347 above the average for B93 0. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of Knowle 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.