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House Prices in B61 House Prices in B61 (Bromsgrove)

The average house price in B61 (Bromsgrove) is £285,247 using HM Land Registry data.

The average property price increased by £31,644 (19.59%) over the last 5 years and increased by £6,340 (3.09%) over the last 12 months.

Over the last year, there were 229 residential property sales – a decrease of 70 transactions (-30.57%) relative to the previous year. The majority of house sales (79) were in the £222,000 - £284,000 range. Then came properties in the £160,000 - £222,000 range, where 35 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 103 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,813 (-2%).

In Dec 24, there were 29 new estate agency instructions, 36 agreed home sales and 7 property price reductions.

Nearby Postcodes: , B31, B32, B45, B48, B60, B62, B63, B64, B65, B68, B96, B97, DY10, DY11, DY13, DY5, DY7, DY8, DY9, WR2, WR3, WR4, WR5, WR6, WR7, WR9, WR99, WV98

5-Year Average Property Prices in B61 (Bromsgrove)

19.59%

Property prices in Bromsgrove increased by 19.59% 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 B61 (Bromsgrove) Over the Last Year

3.09%

Property prices in Bromsgrove increased by 3.09% 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.

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 B61 (Bromsgrove) - Dec 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 B61 (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 B61 (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 B61 (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 B61 (Bromsgrove) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the B61 postcode area since 1995.

Recent Sales in B61 (Bromsgrove)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
6 Hinton Fields, Bournheath, Bromsgrove, Worcestershire, B61 9HR£400,000£390,000-£10,00011 Oct 202411 Nov 202431 Days
177 Birmingham Road, Bromsgrove, Worcestershire, B61 0DY£300,000£290,000-£10,00023 May 202408 Nov 2024169 Days
4a, Melbourne Road, Bromsgrove, Worcestershire, B61 8PE£260,000£260,000£0022 Jul 202404 Nov 2024105 Days
8 Chepstow Drive, Catshill, Bromsgrove, Worcestershire, B61 0RZ£435,000£425,000-£10,00029 Apr 202401 Nov 2024186 Days
7 Walton Road, Bromsgrove, Worcestershire, B61 0EA£250,000£240,000-£10,00006 Jul 202401 Nov 2024118 Days
63 Cobnall Road, Catshill, Bromsgrove, Worcestershire, B61 0PH£260,000£260,000£0004 Jul 202430 Oct 2024118 Days
24 The Dock, Catshill, Bromsgrove, Worcestershire, B61 0NJ£325,000£325,000£0019 May 202425 Oct 2024159 Days
33 Wrekin Drive, Bromsgrove, Worcestershire, B61 0TJ£270,000£270,000£0006 Aug 202425 Oct 202480 Days
9 Shelley Close, Catshill, Bromsgrove, Worcestershire, B61 0NQ£220,000£220,000£0004 Jun 202418 Oct 2024136 Days
8 Walton Road, Bromsgrove, Worcestershire, B61 0EA£230,000£230,000£0022 Jul 202418 Oct 202488 Days
66 Cobnall Road, Catshill, Bromsgrove, Worcestershire, B61 0PH£280,000£280,000£0027 Jun 202418 Oct 2024113 Days
25 Lingfield Walk, Catshill, Bromsgrove, Worcestershire, B61 0LJ£200,000£200,000£0006 Jun 202418 Oct 2024134 Days
109 Breakback Road, Bromsgrove, Worcestershire, B61 7LT£95,000£90,000-£5,00003 Apr 202418 Oct 2024198 Days
1 Tower Drive, Bromsgrove, Worcestershire, B61 0TZ£325,000£312,500-£12,50024 Apr 202416 Oct 2024175 Days
237 Pennine Road, Bromsgrove, Worcestershire, B61 0TN£270,000£270,000£0009 May 202411 Oct 2024155 Days
16 Bourne Avenue, Catshill, Bromsgrove, Worcestershire, B61 0NZ£210,000£208,000-£2,00007 May 202411 Oct 2024157 Days
24 Byron Way, Catshill, Bromsgrove, Worcestershire, B61 0NB£210,000£205,000-£5,00024 Jun 202411 Oct 2024109 Days
3 Santridge Lane, Bromsgrove, Worcestershire, B61 8JY£325,000£305,000-£20,00005 Jan 202411 Oct 2024280 Days
44 Parkstone Avenue, Bromsgrove, Worcestershire, B61 7NS£410,000£395,000-£15,00031 Jul 202409 Aug 20249 Days
9 Grove Gardens, Bromsgrove, Worcestershire, B61 0UG£315,000£314,700-£30004 Jun 202408 Aug 202465 Days

Most Expensive Streets in B61 (Bromsgrove)

PostcodeStreetAreaAverageNo. of Sales
B61 0BTThird Road, WildmoorBromsgrove£620,0003
B61 9HWBournheath Road, FairfieldBromsgrove£587,0003
B61 0BSMiddle Road, WildmoorBromsgrove£560,1754
B61 7NRSt Andrews WayBromsgrove£547,5004
B61 0EUGrosvenor Gardens, Lickey EndBromsgrove£523,3163
B61 0UDAppletrees CrescentBromsgrove£520,3333
B61 0HTBirmingham Road, Lydiate AshBromsgrove£518,6005
B61 9JEDoctors Hill, BournheathBromsgrove£513,3217
B61 0UWAspens WayBromsgrove£512,5008
B61 9JPDodford Road, BournheathBromsgrove£510,0005

Least Expensive Streets in B61 (Bromsgrove)

PostcodeStreetAreaAverageNo. of Sales
B61 8ABThe StrandBromsgrove£82,85616
B61 7AEWorcester RoadBromsgrove£106,8754
B61 8BAOldfield RoadBromsgrove£110,0003
B61 7DQSanders RoadBromsgrove£119,68110
B61 8APArlingham AvenueBromsgrove£123,8333
B61 8BGBlakeney DriveBromsgrove£125,0003
B61 8RSButton DriveBromsgrove£128,2506
B61 0TWExmoor DriveBromsgrove£130,0007
B61 7LPRock HillBromsgrove£138,5006
B61 0JXMinster Walk, CatshillBromsgrove£140,7634

Explore B61 (Bromsgrove) using map

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