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House Prices in B66

The average house price in B66 (Smethwick) is £154,983 using HM Land Registry data.

The average property price increased by £18,533 (90.92%) over the last 5 years and increased by £3,713 (9.54%) over the last 12 months.

Over the last year, there were 80 residential property sales – a decrease of 17 transactions (-21.25%) relative to the previous year. The majority of house sales (23) were in the £162,000 - £198,000 range. Then came properties in the £198,000 - £234,000 range, where 16 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 69 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,099 (-5%).

In Oct 24, there were 26 new estate agency instructions, 16 agreed home sales and 14 property price reductions.

5-Year Average Property Prices in B66 (Smethwick)

90.92%

Property prices in Smethwick increased by 90.92% 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 B66 (Smethwick) Over the Last Year

9.54%

Property prices in Smethwick increased by 9.54% 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 B66 (Smethwick) - 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 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 B66 (Smethwick)

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 B66 (Smethwick)

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 B66 (Smethwick)

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 B66 (Smethwick) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the B66 postcode area since 1995.

Recent Sales in B66 (Smethwick)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
82 Edgbaston Road, Smethwick, West Midlands, B66 4LF	£290,000	£280,000	-£10,000	04 Jul 2023	05 Jul 2024	367 Days
7 New Hope Road, Smethwick, West Midlands, B66 3TX	£210,000	£210,000	£00	27 Aug 2021	10 May 2024	987 Days
52 Rosedale Avenue, Smethwick, West Midlands, B66 3JB	£200,000	£200,000	£00	27 Sep 2023	08 May 2024	224 Days
Flat 24, Milton Court, Sandon Road, Smethwick, West Midlands, B66 4AD	£63,500	£62,000	-£1,500	02 Sep 2023	19 Apr 2024	230 Days
68 Doulton Drive, Smethwick, West Midlands, B66 1RA	£210,000	£200,000	-£10,000	17 Nov 2023	12 Apr 2024	147 Days
19 Talbot Road, Smethwick, West Midlands, B66 4DX	£190,000	£184,000	-£6,000	17 Apr 2023	22 Mar 2024	340 Days
96 Raglan Road, Smethwick, West Midlands, B66 3TB	£200,000	£190,000	-£10,000	30 Nov 2023	12 Mar 2024	103 Days
35 St Matthews Road, Smethwick, West Midlands, B66 3TP	£175,000	£163,000	-£12,000	15 Jul 2023	12 Feb 2024	212 Days
58 Marlborough Road, Smethwick, West Midlands, B66 4DW	£204,950	£204,950	£00	27 Sep 2023	02 Feb 2024	128 Days
85 Sycamore Road, Smethwick, West Midlands, B66 4NT	£260,000	£257,000	-£3,000	31 Aug 2023	19 Jan 2024	141 Days
24 Drayton Road, Smethwick, West Midlands, B66 4AJ	£240,000	£229,000	-£11,000	05 Oct 2023	20 Dec 2023	76 Days
19 Pearman Road, Smethwick, West Midlands, B66 4LX	£180,000	£168,000	-£12,000	01 Aug 2023	01 Dec 2023	122 Days
49 Edith Road, Smethwick, West Midlands, B66 4QX	£255,000	£254,000	-£1,000	02 Aug 2023	30 Nov 2023	120 Days
Flat 18, Milton Court, Sandon Road, Smethwick, West Midlands, B66 4AD	£80,000	£77,500	-£2,500	23 Jun 2023	29 Nov 2023	159 Days
2 Kelvin Drive, Smethwick, West Midlands, B66 4SU	£245,000	£245,000	£00	14 Sep 2023	24 Nov 2023	71 Days
32 Drayton Road, Smethwick, West Midlands, B66 4AJ	£190,000	£180,000	-£10,000	13 May 2023	17 Nov 2023	188 Days
35 Capethorn Road, Smethwick, West Midlands, B66 4LY	£175,000	£170,000	-£5,000	20 Apr 2023	27 Oct 2023	190 Days
53 Edgbaston Road, Smethwick, West Midlands, B66 4LG	£299,999	£270,000	-£29,999	04 Apr 2023	27 Oct 2023	206 Days
56 Grange Road, Smethwick, West Midlands, B66 4NQ	£269,950	£268,000	-£1,950	14 Mar 2023	24 Oct 2023	224 Days
16 Bridge Street South, Smethwick, West Midlands, B66 3DR	£170,000	£168,000	-£2,000	09 Jun 2023	23 Oct 2023	136 Days

Most Expensive Streets in B66 (Smethwick)

Postcode	Street	Area	Average	No. of Sales
B66 1TU	Narel Sharpe Close	Smethwick	£268,000	3
B66 4ST	Devey Road	Smethwick	£257,750	4
B66 1HA	St Pauls Road	Smethwick	£256,333	3
B66 4AR	Anderson Road	Smethwick	£238,425	4
B66 3DN	John Brooks Avenue	Smethwick	£229,294	17
B66 4QX	Edith Road	Smethwick	£228,000	3
B66 4TB	Tomblin Drive	Smethwick	£223,250	4
B66 2BG	John Guest Close	Smethwick	£215,140	7
B66 4JY	Claremont Road	Smethwick	£213,833	6
B66 3BW	Crocketts Lane	Smethwick	£211,250	4

Least Expensive Streets in B66 (Smethwick)

Postcode	Street	Area	Average	No. of Sales
B66 4AD	Milton Court, Sandon Road	Smethwick	£65,468	16
B66 2DE	Sydenham Road	Smethwick	£87,500	3
B66 2DJ	Oxford Road	Smethwick	£88,333	3
B66 1QL	Holly Lane	Smethwick	£96,250	4
B66 4SJ	Cape Hill	Smethwick	£99,500	4
B66 2BX	Kimberley Road	Smethwick	£103,457	6
B66 1QQ	Cygnet Court, Holly Lane	Smethwick	£106,875	6
B66 4HQ	Harden Keep	Smethwick	£109,045	11
B66 2DA	Kimberley Road	Smethwick	£109,916	6
B66 3SZ	Unett Street	Smethwick	£121,250	4