Feb 07, 2023 by HM

House prices in Redditch (B98 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Redditch (B98 7).


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. You can click on the map labels to change to a neighbouring sector.

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. 20, Sheldon Road, Redditch, sold for £187,500 on Feb-2024. Given the internal area of 84 square metres, the price per sqm is £2,232.

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. £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 417 sales in Redditch (B98 7) that took place in the last two years.

Distribution of £ per sqm for Redditch (B98 7)
Distribution of £ per sqm house prices in Redditch

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 417 transactions, half were sold for between £2,090 and £3,210 per square metre. The median, or 'middle', price per square metre in 'B98 7' is £2,590. Notably, only 25% of properties that sold recently were valued at more than £3,210m2. 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.

Property price heatmap for Redditch
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 7 Redditch £2,090m2 £2,590m2 £3,210m2
B98 0 Redditch £2,370m2 £2,910m2 £3,520m2
B98 8 Church Hill £2,140m2 £2,630m2 £3,310m2
B98 9 Church Hill £2,250m2 £3,120m2 £3,850m2

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 scatter plot below for B98 7 (Redditch). 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 B98 7 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Redditch (B98 7) over time
House price trends for Redditch

Hover on any blue dot to see details of specific sales

Disclaimer: 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. 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 Redditch data or any other data I am given.

Street level data

Street Avg size Avg £/m2 Recent sales
Harport Road, Redditch, B98 7P 85m2 £2,709 27
Alder Carr Close, Redditch, B98 7P 69m2 £1,998 21
Hedgerow Close, Redditch, B98 7Q 78m2 £2,107 21
Oakenshaw Road, Redditch, B98 7P 86m2 £2,674 20
Studley Road, Redditch, B98 7H 97m2 £2,938 19
Greenlands Avenue, Redditch, B98 7P 85m2 £2,331 18
Wishaw Close, Redditch, B98 7R 87m2 £2,034 18
Kemble Street, Redditch, B98 7G 76m2 £2,776 17

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Whetstone Street, Redditch, B98 7W 90m2 £3,178 10

Whetstone Street, Redditch, B98 7W has seen 10 new build sales in the last 4 years (average price £313,562). These new build homes typically have an internal area of 90 m2, with an average price of £3,178 m2. This £sqm average is £588 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 m2 £/m2
20, Sheldon Rd, Redditch £187,500
Feb-2024
84 2,232
34, Longdon Close, Redditch £135,000
Feb-2024
84 1,607
129, Ombersley Close, Redditch £163,000
Jan-2024
85 1,917

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