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House Prices in B5

The average house price in B5 (Birmingham) is £130,833 using HM Land Registry data.

The average property price increased by £79,900 (43.19%) over the last 5 years and increased by £15,973 (5.84%) over the last 12 months.

Over the last year, there were 59 residential property sales – a decrease of 298 transactions (-505.08%) relative to the previous year. The majority of house sales (16) were in the £198,000 - £252,000 range. Then came properties in the £144,000 - £198,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 35 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,000 (-3%).

In June 2024, there were 34 new estate agency instructions, 7 agreed home sales and 24 property price reductions.

5-Year Average Property Prices in B5 (Birmingham)

43.19%

Property prices in Birmingham increased by 43.19% 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 B5 (Birmingham) Over the Last Year

5.84%

Property prices in Birmingham increased by 5.84% 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 B5 (Birmingham) - June 2024

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 21 to 40 days, the broad evidence suggests that properties are selling reasonably quickly after being initially advertised and the market is reasonably healthy. If you are prepared to wait to up to 6 weeks, and you are sure that your property is priced realistically, you should get an offer within this timeframe.

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 B5 (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 B5 (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 B5 (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 B5 (Birmingham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the B5 postcode area since 1995.

Recent Sales in B5 (Birmingham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 16, Phoenix Court, West Drive, Birmingham, West Midlands, B5 7RT	£100,000	£99,000	-£1,000	27 Sep 2023	08 Mar 2024	163 Days
40 Alexandra Road, Birmingham, West Midlands, B5 7NJ	£280,000	£275,000	-£5,000	05 Jul 2023	04 Dec 2023	152 Days
123 Alexandra Road, Birmingham, West Midlands, B5 7NN	£215,000	£205,000	-£10,000	04 May 2023	16 Nov 2023	196 Days
146 Viceroy Close, Birmingham, West Midlands, B5 7UX	£150,000	£143,646	-£6,354	31 Jan 2023	11 Nov 2023	284 Days
7 Viceroy Close, Birmingham, West Midlands, B5 7UR	£250,000	£230,000	-£20,000	05 Jul 2023	09 Oct 2023	96 Days
25 Priory Road, Edgbaston, Birmingham, West Midlands, B5 7UG	£935,000	£935,000	£00	25 Feb 2023	05 Sep 2023	192 Days
14 Speedwell Road, Birmingham, West Midlands, B5 7PS	£420,000	£420,000	£00	26 Dec 2022	02 Aug 2023	219 Days
40 East Drive, Birmingham, West Midlands, B5 7RX	£260,000	£255,000	-£5,000	11 Nov 2022	30 Jun 2023	231 Days
11 South Drive, Birmingham, West Midlands, B5 7RU	£275,000	£250,000	-£25,000	19 Oct 2022	02 Jun 2023	226 Days
37 Aboyne Close, Edgbaston, Birmingham, West Midlands, B5 7PQ	£340,000	£330,000	-£10,000	10 Feb 2023	25 May 2023	104 Days
36 Wyatt Close, Birmingham, West Midlands, B5 7QR	£240,000	£240,000	£00	20 Jun 2022	21 Mar 2023	274 Days
Flat 43, Elmwood Court, Pershore Road, Birmingham, West Midlands, B5 7PE	£110,000	£95,000	-£15,000	18 Jan 2022	24 Feb 2023	402 Days
321 Pershore Road, Birmingham, West Midlands, B5 7RY	£695,000	£695,000	£00	29 Jul 2022	08 Feb 2023	194 Days
Flat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands, B5 7PB	£75,000	£65,000	-£10,000	16 Jul 2022	07 Feb 2023	206 Days
20 East Drive, Birmingham, West Midlands, B5 7RX	£365,000	£350,000	-£15,000	18 Oct 2022	20 Jan 2023	94 Days
14 Viceroy Close, Birmingham, West Midlands, B5 7UR	£375,000	£360,000	-£15,000	06 Dec 2022	05 Jan 2023	30 Days
176a, Bristol Road, Birmingham, West Midlands, B5 7XG	£175,000	£175,000	£00	28 Feb 2022	20 Dec 2022	295 Days
64 Viceroy Close, Birmingham, West Midlands, B5 7UT	£350,000	£347,000	-£3,000	08 Jul 2022	12 Dec 2022	157 Days
341 Pershore Road, Birmingham, West Midlands, B5 7RY	£930,000	£860,000	-£70,000	04 Aug 2022	08 Dec 2022	126 Days
Flat 40, Elmwood Court, Pershore Road, Birmingham, West Midlands, B5 7PE	£110,000	£107,000	-£3,000	27 Jan 2022	20 Sep 2022	236 Days

Most Expensive Streets in B5 (Birmingham)

Postcode	Street	Area	Average	No. of Sales
B5 7UB	Bristol Road	Birmingham	£848,333	3
B5 7RY	Pershore Road	Birmingham	£743,333	3
B5 7SN	Bristol Road	Birmingham	£664,200	5
B5 7EW	Hope Street	Birmingham	£422,142	21
B5 7ET	Rea Drive	Birmingham	£406,250	8
B5 7BW	Sherlock Street	Birmingham	£398,333	3
B5 7EU	Hope Street	Birmingham	£377,500	17
B5 7EZ	Stratford House Road	Birmingham	£377,434	23
B5 7DU	Sherlock Street	Birmingham	£372,400	10
B5 7TN	Pavenham Drive	Birmingham	£354,380	5

Least Expensive Streets in B5 (Birmingham)

Postcode	Street	Area	Average	No. of Sales
B5 7PB	Elmwood Court, Pershore Road	Birmingham	£85,500	9
B5 7RT	Phoenix Court, West Drive	Birmingham	£92,800	4
B5 7PE	Elmwood Court, Pershore Road	Birmingham	£94,987	4
B5 7RS	Griffin Court, West Drive	Birmingham	£97,530	5
B5 7PD	Elmwood Court, Pershore Road	Birmingham	£107,833	3
B5 4AF	Navigation Street	Birmingham	£111,666	3
B5 7SB	The Ashes	Birmingham	£127,142	7
B5 4TD	Hurst Street	Birmingham	£132,111	13
B5 4SG	Upper Dean Street	Birmingham	£141,400	5
B5 7LR	Varden Croft	Birmingham	£143,033	3