Feb 07, 2023 by HM

House prices in Hockley Heath (B94 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Hockley Heath (B94 6).


Defining 'B94 6'

This analysis is limited to properties whose postcode starts with "B94 6", 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 Hockley Heath 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. 2, St Chads Mews, Hockley Heath, sold for £252,500 on Jan-2024. Given the internal area of 69 square metres, the price per sqm is £3,659.

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 88 sales in Hockley Heath (B94 6) that took place in the last two years.

Distribution of £ per sqm for Hockley Heath (B94 6)
Distribution of £ per sqm house prices in Hockley Heath

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 Hockley Heath (B94 6). Of the 88 transactions, half were sold for between £4,250 and £5,370 per square metre. The median, or 'middle', price per square metre in 'B94 6' is £4,770. Notably, only 25% of properties that sold recently were valued at more than £5,370m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Hockley Heath

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 Hockley Heath. 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.

Property price heatmap for Hockley Heath
House price heatmap for Hockley Heath

Comparison with neighbouring postcode sectors

The table below shows how 'B94 6' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
B94 6 Hockley Heath £4,250m2 £4,770m2 £5,370m2
B94 5 Earlswood £4,020m2 £4,610m2 £5,500m2

Will Hockley Heath 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 B94 6 (Hockley Heath). 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 B94 6 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Hockley Heath (B94 6) over time
House price trends for Hockley Heath

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Aylesbury Road, Hockley Heath, B94 6P 128m2 £3,993 14
Stratford Road, Hockley Heath, B94 6N 122m2 £4,291 12
Old Warwick Road, Hockley Heath, B94 6L 128m2 £4,712 11
Yew Tree Close, Hockley Heath, B94 6N 58m2 £4,930 11
School Road, Hockley Heath, B94 6R 148m2 £4,606 8
Station Lane, Hockley Heath, B94 6L 123m2 £3,517 8
Chessetts Wood Road, Hockley Heath, B94 6E 245m2 £4,850 7
Aylesbury Road, Hockley Heath, B94 6B 183m2 £4,796 6

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Kingswood Green, Hockley Heath, B94 6L 146m2 £4,527 20

Kingswood Green, Hockley Heath, B94 6L has seen 20 new build sales in the last 4 years (average price £709,384). These new build homes typically have an internal area of 146 m2, with an average price of £4,527 m2. This £sqm average is £-243 below the average for B94 6. New builds typically command a £ per sqm premium. In the case of Kingswood Green 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 Hockley Heath 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
2, St Chads Mews, Hockley Heath £252,500
Jan-2024
69 3,659
Drakeford, Valley Rd, Hockley Heath £540,000
Jan-2024
112 4,821
12, Kineton Lane, Hockley Heath £245,000
Jan-2024
61 4,016

See the entire list of all sales in Hockley Heath (B94 6) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.