Feb 07, 2023 by HM

House prices in Church Hill (B98 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Church Hill (B98 8).


Defining 'B98 8'

This analysis is limited to properties whose postcode starts with "B98 8", 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 Church Hill 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. 85, Forge Mill Road, Church Hill, Redditch, sold for £300,000 on Feb-2024. Given the internal area of 104 square metres, the price per sqm is £2,884.

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 150 sales in Church Hill (B98 8) that took place in the last two years.

Distribution of £ per sqm for Church Hill (B98 8)
Distribution of £ per sqm house prices in Church Hill

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 Church Hill (B98 8). Of the 150 transactions, half were sold for between £2,140 and £3,310 per square metre. The median, or 'middle', price per square metre in 'B98 8' is £2,630. Notably, only 25% of properties that sold recently were valued at more than £3,310m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Church Hill

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 Church Hill. 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 Church Hill
House price heatmap for Church Hill

Comparison with neighbouring postcode sectors

The table below shows how 'B98 8' 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 Church Hill 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 8 (Church Hill). 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 8 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Church Hill (B98 8) over time
House price trends for Church Hill

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Donnington Close, Church Hill, B98 8Q 68m2 £3,050 28
Forge Mill Road, Church Hill, B98 8H 94m2 £2,909 19
Snowshill Close, Church Hill, B98 8R 81m2 £3,732 15
Terrys Close, Church Hill, B98 8E 65m2 £3,237 15
St Georges Road, Church Hill, B98 8E 92m2 £1,971 12
Heronfield Close, Church Hill, B98 8Q 80m2 £2,303 12
Oldbury Close, Church Hill, B98 8R 65m2 £2,902 12
Other Road, Church Hill, B98 8D 105m2 £1,711 11

Search for your street here.

Raw data

Our analysis of Church Hill 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
85, Forge Mill Rd, Church Hill, Redditch £300,000
Feb-2024
104 2,884
26, Other Rd, Church Hill, Redditch £176,000
Jan-2024
99 1,777
69, Snowshill Close, Church Hill, Redditch £360,000
Jan-2024
81 4,444

See the entire list of all sales in Church Hill (B98 8) 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.