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House Prices in B48

The average house price in B48 (Birmingham) is £421,150 using HM Land Registry data.

The average property price increased by £167,718 (38.93%) over the last 5 years and increased by £33,605 (5.4%) over the last 12 months.

Over the last year, there were 39 residential property sales – a decrease of 32 transactions (-82.05%) relative to the previous year. The majority of house sales (13) were in the £240,000 - £358,000 range. Then came properties in the £358,000 - £476,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,807 (-1%).

In Oct 24, there were 6 new estate agency instructions, 12 agreed home sales and 4 property price reductions.

5-Year Average Property Prices in B48 (Birmingham)

38.93%

Property prices in Birmingham increased by 38.93% 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 B48 (Birmingham) Over the Last Year

5.4%

Property prices in Birmingham increased by 5.4% 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 B48 (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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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 B48 (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 B48 (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 B48 (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 B48 (Birmingham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the B48 postcode area since 1995.

Recent Sales in B48 (Birmingham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
32 Latimer Road, Alvechurch, Birmingham, Worcestershire, B48 7NN	£270,000	£266,250	-£3,750	19 Feb 2024	31 Jul 2024	163 Days
30 Blythesway, Alvechurch, Birmingham, Worcestershire, B48 7NA	£375,000	£372,000	-£3,000	05 Mar 2024	26 Jul 2024	143 Days
9 Swan Street, Alvechurch, Birmingham, Worcestershire, B48 7RR	£450,000	£422,500	-£27,500	21 Feb 2024	26 Jul 2024	156 Days
27 Hinton Avenue, Alvechurch, Birmingham, Worcestershire, B48 7LZ	£330,000	£315,000	-£15,000	26 Oct 2023	18 Jun 2024	236 Days
Sandhills Green House, Sandhills Green, Alvechurch, Birmingham, Worcestershire, B48 7BT	£2,500,000	£2,500,000	£00	12 Mar 2024	29 May 2024	78 Days
3 Rose Avenue, Alvechurch, Birmingham, Worcestershire, B48 7PG	£325,000	£305,000	-£20,000	10 Jan 2024	03 May 2024	114 Days
24 Redditch Road, Hopwood, Birmingham, Worcestershire, B48 7TR	£375,000	£375,000	£00	26 Sep 2023	29 Feb 2024	156 Days
46 Bear Hill Drive, Alvechurch, Birmingham, Worcestershire, B48 7RG	£300,000	£300,000	£00	14 Nov 2023	27 Feb 2024	105 Days
54 Latimer Road, Alvechurch, Birmingham, Worcestershire, B48 7NN	£260,000	£245,000	-£15,000	25 Aug 2023	26 Jan 2024	154 Days
66 Tanyard Lane, Alvechurch, Birmingham, Worcestershire, B48 7LN	£385,000	£367,000	-£18,000	23 Jun 2023	20 Dec 2023	180 Days
10 Redditch Road, Hopwood, Birmingham, Worcestershire, B48 7TL	£330,000	£325,000	-£5,000	19 Jul 2023	01 Dec 2023	135 Days
79 Birmingham Road, Alvechurch, Birmingham, Worcestershire, B48 7TD	£400,000	£400,000	£00	07 Jun 2023	24 Nov 2023	170 Days
46 Branden Road, Alvechurch, Birmingham, Worcestershire, B48 7PE	£365,000	£365,000	£00	05 Jun 2023	13 Nov 2023	161 Days
Woodside, Alcester Road, Portway, Birmingham, Worcestershire, B48 7HT	£700,000	£685,000	-£15,000	03 Aug 2023	20 Oct 2023	78 Days
Lancaster House, Rowney Green Lane, Rowney Green, Birmingham, Worcestershire, B48 7QS	£875,000	£862,500	-£12,500	29 Apr 2023	29 Sep 2023	153 Days
10 Willow Brook Road, Alvechurch, Birmingham, Worcestershire, B48 7PZ	£399,950	£360,000	-£39,950	25 Oct 2022	01 Sep 2023	311 Days
17 Swan Street, Alvechurch, Birmingham, Worcestershire, B48 7RR	£520,000	£500,000	-£20,000	04 Apr 2023	29 Aug 2023	147 Days
Greenacre, Rowney Green Lane, Rowney Green, Birmingham, Worcestershire, B48 7QL	£1,200,000	£1,200,000	£00	22 Feb 2023	28 Jul 2023	156 Days
12 Branden Road, Alvechurch, Birmingham, Worcestershire, B48 7PE	£299,950	£299,950	£00	07 Mar 2023	21 Jul 2023	136 Days
Oaklea, Redditch Road, Hopwood, Birmingham, Worcestershire, B48 7TR	£315,000	£303,000	-£12,000	29 Dec 2022	20 Jul 2023	203 Days

Most Expensive Streets in B48 (Birmingham)

Postcode	Street	Area	Average	No. of Sales
B48 7BA	Stonehouse Lane, Hopwood	Birmingham	£980,000	5
B48 7BT	Sandhills Green, Alvechurch	Birmingham	£972,500	4
B48 7SU	Old Rectory Lane, Alvechurch	Birmingham	£883,333	3
B48 7BP	Aqueduct Lane, Alvechurch	Birmingham	£797,166	3
B48 7QL	Rowney Green Lane, Rowney Green	Birmingham	£757,500	3
B48 7RX	Redditch Road, Alvechurch	Birmingham	£750,262	3
B48 7QS	Rowney Green Lane, Rowney Green	Birmingham	£655,300	5
B48 7AY	Lea End Lane, Hopwood	Birmingham	£642,500	4
B48 7SA	School Lane, Alvechurch	Birmingham	£622,664	7
B48 7RZ	Redditch Road, Alvechurch	Birmingham	£607,500	3

Least Expensive Streets in B48 (Birmingham)

Postcode	Street	Area	Average	No. of Sales
B48 7PU	Kingfisher Court, Alvechurch	Birmingham	£168,333	3
B48 7SX	Old Rectory Lane, Alvechurch	Birmingham	£229,428	7
B48 7NP	Latimer Road, Alvechurch	Birmingham	£239,071	7
B48 7PS	Glebe Road, Alvechurch	Birmingham	£246,666	3
B48 7TF	Althestan Close, Alvechurch	Birmingham	£253,750	8
B48 7NY	Withybed Lane, Alvechurch	Birmingham	£262,666	3
B48 7NN	Latimer Road, Alvechurch	Birmingham	£265,067	12
B48 7BD	Lea End Farm Barns, Ash Lane	Birmingham	£279,106	4
B48 7LF	Red Lion Street, Alvechurch	Birmingham	£281,106	3
B48 7PH	Tranter Avenue, Alvechurch	Birmingham	£298,124	4