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House Prices in B1

The average house price in B1 (Birmingham) is £190,500 using HM Land Registry data.

The average property price increased by £9,723 (120.11%) over the last 5 years and increased by £1,948 (11.09%) over the last 12 months.

Over the last year, there were 80 residential property sales – a decrease of 94 transactions (-117.50%) relative to the previous year. The majority of house sales (21) were in the £150,000 - £180,000 range. Then came properties in the £180,000 - £210,000 range, where 12 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 85 days to sell (from being listed to completion) and the average difference between asking and sold prices is £0 (0%).

In Oct 24, there were 61 new estate agency instructions, 12 agreed home sales and 55 property price reductions.

5-Year Average Property Prices in B1 (Birmingham)

120.11%

Property prices in Birmingham increased by 120.11% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in B1 (Birmingham) Over the Last Year

11.09%

Property prices in Birmingham increased by 11.09% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for B1 (Birmingham) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in B1 (Birmingham)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in B1 (Birmingham)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in B1 (Birmingham)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the B1 (Birmingham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the B1 postcode area since 1995.

Recent Sales in B1 (Birmingham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
103 Upper Marshall Street, Birmingham, West Midlands, B1 1LJ	£180,000	£147,000	-£33,000	08 May 2024	19 Jul 2024	72 Days
Apartment 1607, The Cube East 200, Wharfside Street, Birmingham, West Midlands, B1 1PR	£349,995	£110,000	-£239,995	07 Dec 2010	18 Apr 2024	4881 Days
70 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands, B1 1RB	£280,000	£267,500	-£12,500	27 Jun 2023	13 Feb 2024	231 Days
Flat 23, Crescent Tower, Brindley Drive, Birmingham, West Midlands, B1 2NJ	£135,000	£128,000	-£7,000	01 Mar 2023	24 Nov 2023	268 Days
Flat 14, Crescent Tower, Brindley Drive, Birmingham, West Midlands, B1 2NJ	£95,000	£93,500	-£1,500	22 Mar 2023	10 Oct 2023	202 Days
40 Upper Marshall Street, Birmingham, West Midlands, B1 1LA	£264,950	£250,000	-£14,950	11 Dec 2017	28 Sep 2023	2117 Days
Flat 124, Cleveland Tower, Holloway Head, Birmingham, West Midlands, B1 1UD	£135,000	£125,000	-£10,000	21 Mar 2023	21 Jul 2023	122 Days
7 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands, B1 1RB	£540,000	£532,500	-£7,500	07 Apr 2022	26 Aug 2022	141 Days
Apartment 405, Amazon Lofts, Tenby Street, Birmingham, West Midlands, B1 3AJ	£189,000	£180,000	-£9,000	05 Oct 2021	07 Jun 2022	245 Days
Flat 16, Galton Tower, Civic Close, Birmingham, West Midlands, B1 2NW	£137,000	£130,000	-£7,000	14 Jul 2021	16 Mar 2022	245 Days
136 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands, B1 1RG	£185,000	£175,000	-£10,000	17 Sep 2021	01 Mar 2022	165 Days
40 St Marks Crescent, Birmingham, West Midlands, B1 2PX	£220,000	£210,000	-£10,000	17 Nov 2021	28 Jan 2022	72 Days
1 Sherborne Grove, Birmingham, West Midlands, B1 2PU	£200,000	£190,000	-£10,000	29 Jun 2021	12 Nov 2021	136 Days
Apartment 305, Amazon Lofts, Tenby Street, Birmingham, West Midlands, B1 3AJ	£179,950	£170,250	-£9,700	26 Dec 2020	24 Sep 2021	272 Days
Flat 21, Galton Tower, Civic Close, Birmingham, West Midlands, B1 2NW	£110,000	£82,000	-£28,000	08 Feb 2021	28 Jul 2021	170 Days
Apartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands, B1 2LB	£235,000	£235,000	£00	11 Nov 2020	22 Jul 2021	253 Days
Apartment 403, Amazon Lofts, Tenby Street, Birmingham, West Midlands, B1 3AJ	£210,000	£204,000	-£6,000	29 Jan 2021	15 Jul 2021	167 Days
Flat 34, Crescent Tower, Brindley Drive, Birmingham, West Midlands, B1 2NJ	£130,000	£120,000	-£10,000	04 Mar 2020	30 Apr 2021	422 Days
Flat 11, Norton Tower, Civic Close, Birmingham, West Midlands, B1 2NN	£127,500	£117,000	-£10,500	05 Feb 2020	21 Jul 2020	167 Days
1 Kingston Row, Birmingham, West Midlands, B1 2NU	£330,000	£300,000	-£30,000	09 Dec 2019	23 Jun 2020	197 Days

Most Expensive Streets in B1 (Birmingham)

Postcode	Street	Area	Average	No. of Sales
B1 1LR	Marshall Street	Birmingham	£587,000	5
B1 3AW	Tenby Street North	Birmingham	£548,333	3
B1 1SR	Waterfront Walk	Birmingham	£486,666	3
B1 3DN	Tenby Street South	Birmingham	£466,433	9
B1 3EE	Tenby Street	Birmingham	£411,000	5
B1 3LD	Legge Lane	Birmingham	£398,076	13
B1 3LG	Legge Lane	Birmingham	£335,399	8
B1 3DT	Camden Street	Birmingham	£332,500	5
B1 3ER	Carver Street	Birmingham	£328,918	11
B1 1RB	The Mailbox, Wharfside Street, Birmingham	Birmingham	£307,000	4

Least Expensive Streets in B1 (Birmingham)

Postcode	Street	Area	Average	No. of Sales
B1 2NW	Galton Tower, Civic Close	Birmingham	£97,016	5
B1 1UH	Clydesdale Tower, Holloway Head	Birmingham	£98,333	3
B1 2NJ	Crescent Tower, Brindley Drive	Birmingham	£107,875	4
B1 2NN	Norton Tower, Civic Close	Birmingham	£110,500	4
B1 3QQ	Parade	Birmingham	£122,300	10
B1 1PW	Holliday Street	Birmingham	£123,250	4
B1 1SF	Granville Street	Birmingham	£142,000	5
B1 3JN	Newhall Hill	Birmingham	£143,333	3
B1 2QD	King Edwards Road	Birmingham	£152,750	4
B1 2RT	Townsend Way	Birmingham	£153,611	10