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House Prices in B60 House Prices in B60 (Bromsgrove)

The average house price in B60 (Bromsgrove) is £335,583 using HM Land Registry data.

The average property price increased by £54,578 (36.89%) over the last 5 years and increased by £10,935 (5.18%) over the last 12 months.

Over the last year, there were 252 residential property sales – a decrease of 122 transactions (-48.41%) relative to the previous year. The majority of house sales (61) were in the £220,000 - £300,000 range. Then came properties in the £300,000 - £380,000 range, where 48 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 50 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,192 (-1%).

In Oct 24, there were 61 new estate agency instructions, 69 agreed home sales and 32 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) - 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 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
7 Astley Road, Bromsgrove, Worcestershire, B60 2RS£325,000£324,000-£1,00006 Nov 202313 Aug 2024281 Days
10 Fircroft Close, Stoke Heath, Bromsgrove, Worcestershire, B60 4NQ£495,000£490,000-£5,00016 Jan 202412 Aug 2024209 Days
41 Manor Court Road, Bromsgrove, Worcestershire, B60 3NW£450,000£430,000-£20,00028 Mar 202409 Aug 2024134 Days
11 Catherine Close, Bromsgrove, Worcestershire, B60 3HU£246,000£240,000-£6,00019 Feb 202409 Aug 2024172 Days
16 Burcot Avenue, Bromsgrove, Worcestershire, B60 1AG£280,000£270,000-£10,00009 Jan 202405 Aug 2024209 Days
26 Steel Close, Bromsgrove, Worcestershire, B60 3GQ£350,000£340,000-£10,00011 Jan 202426 Jul 2024197 Days
55 Cottage Lane, Marlbrook, Bromsgrove, Worcestershire, B60 1DT£390,000£385,000-£5,00026 Feb 202426 Jul 2024151 Days
92 Old Station Road, Bromsgrove, Worcestershire, B60 2AF£480,000£470,000-£10,00010 Feb 202426 Jul 2024167 Days
Flat 12, Elgar Mews, Ednall Lane, Bromsgrove, Worcestershire, B60 2DB£115,000£105,000-£10,00019 Sep 202324 Jul 2024309 Days
41 Housman Park, Bromsgrove, Worcestershire, B60 1AZ£135,000£135,000£0017 Aug 202315 Jul 2024333 Days
32 Spadesbourne Road, Lickey End, Bromsgrove, Worcestershire, B60 1JP£350,000£350,000£0005 Feb 202403 Jul 2024149 Days
112 Hanbury Road, Stoke Prior, Bromsgrove, Worcestershire, B60 4JX£365,000£355,000-£10,00030 Sep 202302 Jul 2024276 Days
5 Bishop Hall Crescent, Bromsgrove, Worcestershire, B60 3JR£245,000£240,000-£5,00015 Jan 202401 Jul 2024168 Days
9 Cloverdale, Stoke Prior, Bromsgrove, Worcestershire, B60 4NE£280,000£280,000£0015 Apr 202428 Jun 202474 Days
33 Harvington Road, Bromsgrove, Worcestershire, B60 2BA£450,000£430,000-£20,00011 Jan 202428 Jun 2024169 Days
Forest View, Hanbury Road, Hanbury, Bromsgrove, Worcestershire, B60 4BU£600,000£560,000-£40,00023 Feb 202427 Jun 2024125 Days
22 Long Meadow Road, Lickey End, Bromsgrove, Worcestershire, B60 1GD£475,000£468,000-£7,00031 Jan 202421 Jun 2024142 Days
35 Redditch Road, Stoke Heath, Bromsgrove, Worcestershire, B60 4JW£495,000£490,000-£5,00013 Nov 202321 Jun 2024221 Days
6 Oakhurst Drive, Bromsgrove, Worcestershire, B60 1AR£160,000£157,500-£2,50025 Jan 202421 Jun 2024148 Days
Flat 28, Brook Court, Burcot Lane, Bromsgrove, Worcestershire, B60 1AD£167,000£164,000-£3,00003 Aug 202318 Jun 2024320 Days

Most Expensive Streets in B60 (Bromsgrove)

PostcodeStreetAreaAverageNo. of Sales
B60 1GYFerndale Gate, BlackwellBromsgrove£924,1663
B60 1BPLinthurst Newtown, BlackwellBromsgrove£773,8754
B60 1BNSt Catherines Road, BlackwellBromsgrove£749,0009
B60 1RBLord Austin Drive, MarlbrookBromsgrove£730,62512
B60 1HXLower Shepley Lane, Lickey EndBromsgrove£715,6533
B60 4HGWoodgate Road, Stoke PriorBromsgrove£700,0003
B60 2NFCollege RoadBromsgrove£676,6663
B60 3SNPlatform RoadBromsgrove£657,76913
B60 1NUOld Birmingham Road, MarlbrookBromsgrove£614,1663
B60 2RPCeleste RoadBromsgrove£613,3333

Least Expensive Streets in B60 (Bromsgrove)

PostcodeStreetAreaAverageNo. of Sales
B60 1AQBurcot House, Burcot LaneBromsgrove£83,0003
B60 3JZGilbert RoadBromsgrove£86,0003
B60 2DANailers Court, Ednall LaneBromsgrove£98,06523
B60 2JDNew RoadBromsgrove£100,7504
B60 1AZHousman ParkBromsgrove£106,06428
B60 2DBElgar Mews, Ednall LaneBromsgrove£106,8279
B60 2LXElms Court, New RoadBromsgrove£109,9833
B60 3GYField View House, Railway WalkBromsgrove£128,4005
B60 3GSGarden Court, Design CloseBromsgrove£133,94512
B60 4ESCoriander Close, Stoke PriorBromsgrove£134,1833

Explore B60 (Bromsgrove) using map

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