House prices in B98 7 (Redditch)

This article reveals price per square metre data and various charts to help you understand current housing market in 'B98 7' (Redditch) - statistics were last calculated on 30 June 2024.

---

Defining 'B98 7'

This analysis is limited to properties whose postcode starts with "B98 7", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Redditch.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

Search Area:

Change sector

FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Redditch 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. 18, Watery Lane, Redditch, sold for £215,000 on May-2024. Given the internal area of 65 square metres, the price per sqm is £3,307.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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 409 sales in Redditch (B98 7) 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.

The spread of prices will give you a feel of the typical range to expect in Redditch (B98 7). Of the 409 transactions, half were sold for between £2,080 and £3,230 per square metre. The median, or 'middle', price per square metre in 'B98 7' is £2,570. Notably, only 25% of properties that sold recently were valued at more than £3,230 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Redditch

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 Redditch. 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 Redditch

Comparison with neighbouring postcode sectors

The table below shows how 'B98 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B98 0 Redditch	£2,350 sqm	£2,890 sqm	£3,550 sqm
B98 7 Redditch	£2,080 sqm	£2,570 sqm	£3,230 sqm
B98 8 Church Hill	£2,140 sqm	£2,630 sqm	£3,350 sqm
B98 9 Church Hill	£2,290 sqm	£3,200 sqm	£3,850 sqm

Will Redditch 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 chart below for B98 7 (Redditch) compared with both the wider area B98 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Redditch to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Redditch 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.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Harport Road, Redditch, B98 7P	85 sqm	£2,709	27
Alder Carr Close, Redditch, B98 7P	70 sqm	£1,984	22
Hedgerow Close, Redditch, B98 7Q	78 sqm	£2,107	21
Oakenshaw Road, Redditch, B98 7P	87 sqm	£2,683	21
Kemble Street, Redditch, B98 7G	76 sqm	£2,801	19
Studley Road, Redditch, B98 7H	97 sqm	£2,938	19
Greenlands Avenue, Redditch, B98 7P	85 sqm	£2,349	18
Mickleton Close, Redditch, B98 7X	85 sqm	£1,950	18

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Whetstone Street, Redditch, B98 7W	89 sqm	£3,301	10

Whetstone Street, Redditch, B98 7W has seen 10 new build sales in the last 4 years (average price £309,673). These new build homes typically have an internal area of 89 sqm, with an average price of £3,301 sqm. This £sqm average is £731 above the average for B98 7. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Redditch 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	sqm	£/sqm
18, Watery Lane, Redditch	£215,000 May-2024	65	3,307
24, Compton Close, Redditch	£370,000 May-2024	96	3,854
102, Oakenshaw Rd, Redditch	£260,000 May-2024	91	2,857

See the entire list of all sales in Redditch (B98 7) here.