Feb 07, 2023 by HM

House prices in Church Hill (B98 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Church Hill (B98 9).

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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. 33, Barnwood Close, Church Hill, Redditch, sold for £170,000 on Sep-2023. Given the internal area of 87 square metres, the price per sqm is £1,954.

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 128 sales in Church Hill (B98 9) 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.

That said, the spread of prices will give you a feel of the typical range to expect in Church Hill (B98 9). Of the 128 transactions, half were sold for between £2,280 and £3,840 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,840m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'B98 9' is £3,110. The table below shows how 'B98 9' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B98 9 Church Hill	£2,280m2	£3,110m2	£3,840m2
B98 7 Redditch	£2,080m2	£2,560m2	£3,140m2
B98 0 Redditch	£2,300m2	£2,860m2	£3,490m2
B98 8 Church Hill	£2,200m2	£2,720m2	£3,280m2

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 9 (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 9 and the blue dots are the individual property sales that inform this trend.

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.

Price map for Church Hill

I've just finished coding the map I link to below. 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. I will explain more about the methodology and create a key next week.

House price heatmap for Church Hill

Street level data

Street	Avg size	Avg £/m2	Recent sales
Maisemore Close, Church Hill, B98 9L	87m2	£3,135	24
Upper Field Close, Church Hill, B98 9L	87m2	£2,128	22
Redstone Close, Church Hill, B98 9A	68m2	£3,677	20
Icknield Street, Church Hill, B98 9A	144m2	£3,012	18
Hither Green Lane, Church Hill, B98 9B	163m2	£3,911	15
Loxley Close, Church Hill, B98 9J	86m2	£1,860	14
Exhall Close, Church Hill, B98 9J	87m2	£1,909	10
Kingscote Close, Church Hill, B98 9L	70m2	£3,640	10

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
33, Barnwood Close, Church Hill, Redditch	£170,000 Sep-2023	87	1,954
122, Exhall Close, Church Hill, Redditch	£158,000 Sep-2023	80	1,975
211, Upper Field Close, Church Hill, Redditch	£210,000 Aug-2023	85	2,470

See the entire list of all sales in Church Hill (B98 9) here.