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House Prices in B60 House Prices in B60 (Bromsgrove)

The average house price in B60 (Bromsgrove) is £469,222 using HM Land Registry data.

The average property price increased by £83,495 (36.89%) over the last 5 years and increased by £16,691 (5.18%) over the last 12 months.

Over the last year, there were 298 residential property sales – a decrease of 82 transactions (-27.52%) relative to the previous year. The majority of house sales (75) were in the £238,000 - £326,000 range. Then came properties in the £326,000 - £414,000 range, where 52 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 66 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,192 (-1%).

In June 2024, there were 62 new estate agency instructions, 49 agreed home sales and 36 property price reductions.

Nearby Postcodes: , B31, B32, B38, B45, B47, B48, B49, B61, B62, B80, B94, B96, B97, B98, DY10, DY11, DY13, DY9, WR2, WR3, WR4, WR5, WR6, WR7, WR9, WR99

5-Year Average Property Prices in B60 (Bromsgrove)

36.89%

Property prices in Bromsgrove increased by 36.89% 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 B60 (Bromsgrove) Over the Last Year

5.18%

Property prices in Bromsgrove increased by 5.18% 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.

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).

Property Market Heat Gauge for B60 (Bromsgrove) - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 B60 (Bromsgrove)

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 B60 (Bromsgrove)

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 B60 (Bromsgrove)

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 B60 (Bromsgrove) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the B60 postcode area since 1995.

Recent Sales in B60 (Bromsgrove)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
39 Housman Park, Bromsgrove, Worcestershire, B60 1AZ£139,950£139,950£0008 Jan 202420 May 2024133 Days
1 Spirehouse Lane, Blackwell, Bromsgrove, Worcestershire, B60 1QE£775,000£735,000-£40,00017 Oct 202319 Apr 2024185 Days
21 Cobham Close, Bromsgrove, Worcestershire, B60 3LA£225,000£210,000-£15,00014 Jul 202310 Apr 2024271 Days
14 Planetree Close, Bromsgrove, Worcestershire, B60 1AW£475,000£450,000-£25,00020 Oct 202310 Apr 2024173 Days
17 Fairoak Drive, Bromsgrove, Worcestershire, B60 3PN£360,000£360,000£0018 Sep 202303 Apr 2024198 Days
7 Oasthouse Close, Stoke Heath, Bromsgrove, Worcestershire, B60 4NW£440,000£440,000£0004 Jan 202403 Apr 202490 Days
40 Housman Park, Bromsgrove, Worcestershire, B60 1AZ£90,000£90,000£0012 Apr 202303 Apr 2024357 Days
Apartment 7, Cypress House, College Road, Bromsgrove, Worcestershire, B60 2NB£185,000£180,000-£5,00024 Jun 202325 Mar 2024275 Days
4 Chesworth Road, Bromsgrove, Worcestershire, B60 2HF£390,000£384,166-£5,83423 Jun 202322 Mar 2024273 Days
8 Stratford Gardens, Bromsgrove, Worcestershire, B60 1EU£189,950£189,000-£95010 Oct 202321 Mar 2024163 Days
23 Gate House Lane, Bromsgrove, Worcestershire, B60 3GA£375,000£375,000£0017 Oct 202315 Mar 2024150 Days
43 Mcconnell Close, Bromsgrove, Worcestershire, B60 3SD£225,000£217,000-£8,00015 Oct 202315 Mar 2024152 Days
42 Ryefields Road, Stoke Prior, Bromsgrove, Worcestershire, B60 4ND£220,000£210,000-£10,00006 Dec 202308 Mar 202493 Days
Flat 14, Field View House, Railway Walk, Bromsgrove, Worcestershire, B60 3GY£125,000£125,000£0003 Aug 202308 Mar 2024218 Days
Flat 54, Nailers Court, Ednall Lane, Bromsgrove, Worcestershire, B60 2DA£95,000£90,000-£5,00018 May 202301 Mar 2024288 Days
12 Heydon Road, Finstall, Bromsgrove, Worcestershire, B60 3DA£475,000£467,500-£7,50008 Dec 202323 Feb 202477 Days
43 Avon Close, Bromsgrove, Worcestershire, B60 3PE£240,000£232,000-£8,00030 Nov 202316 Feb 202478 Days
15 Hill Rise View, Lickey End, Bromsgrove, Worcestershire, B60 1GA£475,000£470,000-£5,00014 Aug 202309 Feb 2024179 Days
106 Lyttleton Avenue, Bromsgrove, Worcestershire, B60 3LB£235,000£235,000£0006 Sep 202302 Feb 2024149 Days
22 Cobham Close, Bromsgrove, Worcestershire, B60 3LA£225,000£220,000-£5,00001 Sep 202331 Jan 2024152 Days

Most Expensive Streets in B60 (Bromsgrove)

PostcodeStreetAreaAverageNo. of Sales
B60 1GYFerndale Gate, BlackwellBromsgrove£924,1663
B60 1BNSt Catherines Road, BlackwellBromsgrove£749,0009
B60 1RBLord Austin Drive, MarlbrookBromsgrove£730,62512
B60 1HXLower Shepley Lane, Lickey EndBromsgrove£715,6533
B60 1BPLinthurst Newtown, BlackwellBromsgrove£713,3005
B60 3SNPlatform RoadBromsgrove£657,76913
B60 2NFCollege RoadBromsgrove£657,5004
B60 4HGWoodgate Road, Stoke PriorBromsgrove£652,5004
B60 2RPCeleste RoadBromsgrove£613,3333
B60 1BLGreenhill, BlackwellBromsgrove£604,4378

Least Expensive Streets in B60 (Bromsgrove)

PostcodeStreetAreaAverageNo. of Sales
B60 1AQBurcot House, Burcot LaneBromsgrove£83,0003
B60 3JZGilbert RoadBromsgrove£87,9374
B60 2DANailers Court, Ednall LaneBromsgrove£98,53826
B60 2JDNew RoadBromsgrove£99,6005
B60 1AZHousman ParkBromsgrove£106,52828
B60 2DBElgar Mews, Ednall LaneBromsgrove£107,0568
B60 3GSGarden Court, Design CloseBromsgrove£125,61212
B60 3GYField View House, Railway WalkBromsgrove£128,4005
B60 4ESCoriander Close, Stoke PriorBromsgrove£134,1833
B60 3NJCharford RoadBromsgrove£138,8754

Explore B60 (Bromsgrove) using map

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