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House Prices in B78

The average house price in B78 (Tamworth) is £461,140 using HM Land Registry data.

The average property price increased by £85,488 (9.97%) over the last 5 years and increased by £17,090 (1.69%) over the last 12 months.

Over the last year, there were 239 residential property sales – a decrease of 165 transactions (-69.04%) relative to the previous year. The majority of house sales (53) were in the £160,000 - £212,000 range. Then came properties in the £264,000 - £316,000 range, where 51 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,018 (-2%).

In June 2024, there were 60 new estate agency instructions, 30 agreed home sales and 32 property price reductions.

5-Year Average Property Prices in B78 (Tamworth)

9.97%

Property prices in Tamworth increased by 9.97% 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 B78 (Tamworth) Over the Last Year

1.69%

Property prices in Tamworth increased by 1.69% 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 B78 (Tamworth) - 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 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 B78 (Tamworth)

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 B78 (Tamworth)

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 B78 (Tamworth)

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 B78 (Tamworth) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the B78 postcode area since 1995.

Recent Sales in B78 (Tamworth)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
50 Coronation Avenue, Mile Oak, Tamworth, Staffordshire, B78 3NW	£220,000	£213,000	-£7,000	18 Oct 2023	10 May 2024	205 Days
1 West Drive, Bonehill, Tamworth, Staffordshire, B78 3HR	£460,000	£440,000	-£20,000	11 Sep 2023	18 Apr 2024	220 Days
18 Brookside Road, Mile Oak, Tamworth, Staffordshire, B78 3NR	£295,000	£287,500	-£7,500	13 Sep 2023	18 Apr 2024	218 Days
43 St Helena Road, Polesworth, Tamworth, Warwickshire, B78 1NJ	£250,000	£245,000	-£5,000	28 Oct 2023	05 Apr 2024	160 Days
22 Sorrel Drive, Kingsbury, Tamworth, Warwickshire, B78 2PE	£149,950	£147,000	-£2,950	11 Oct 2023	05 Apr 2024	177 Days
24 Meadow Close, Kingsbury, Tamworth, Warwickshire, B78 2NR	£200,000	£196,000	-£4,000	20 Dec 2023	05 Apr 2024	107 Days
50 Ensor Drive, Polesworth, Tamworth, Warwickshire, B78 1JN	£280,000	£273,500	-£6,500	13 Oct 2023	27 Mar 2024	166 Days
10 Foxwood Road, Birchmoor, Tamworth, Warwickshire, B78 1BB	£190,000	£188,000	-£2,000	31 Oct 2023	25 Mar 2024	146 Days
1 Roman Way, Dordon, Tamworth, Warwickshire, B78 1RD	£285,000	£278,000	-£7,000	06 Jul 2023	25 Mar 2024	263 Days
49 George Avenue, Mile Oak, Tamworth, Staffordshire, B78 3PW	£290,000	£287,500	-£2,500	16 Nov 2023	18 Mar 2024	123 Days
24 Cornwall Avenue, Tamworth, Staffordshire, B78 3YB	£425,000	£422,000	-£3,000	01 Dec 2023	18 Mar 2024	108 Days
80 Goodere Drive, Polesworth, Tamworth, Warwickshire, B78 1BZ	£250,000	£232,000	-£18,000	10 Oct 2023	07 Mar 2024	149 Days
2 Chapel Drive, Mile Oak, Tamworth, Staffordshire, B78 3PX	£800,000	£750,000	-£50,000	18 Aug 2023	28 Feb 2024	194 Days
84 Kiln Way, Polesworth, Tamworth, Warwickshire, B78 1JE	£279,950	£267,500	-£12,450	09 Aug 2023	16 Feb 2024	191 Days
33 Goodere Drive, Polesworth, Tamworth, Warwickshire, B78 1BY	£269,950	£267,500	-£2,450	30 Aug 2023	16 Feb 2024	170 Days
44 Fairfields Hill, Polesworth, Tamworth, Warwickshire, B78 1HQ	£450,000	£442,840	-£7,160	22 Sep 2023	09 Feb 2024	140 Days
91 Deer Park Road, Fazeley, Tamworth, Staffordshire, B78 3SZ	£160,000	£155,000	-£5,000	24 Oct 2023	31 Jan 2024	99 Days
60 Manor Road, Mile Oak, Tamworth, Staffordshire, B78 3NB	£210,000	£198,000	-£12,000	04 Jul 2023	19 Jan 2024	199 Days
27 Hints Road, Hopwas, Tamworth, Staffordshire, B78 3AB	£270,000	£264,808	-£5,192	27 Jul 2023	16 Jan 2024	173 Days
1 Surrey Drive, Tamworth, Staffordshire, B78 3XB	£350,000	£335,000	-£15,000	28 Jun 2023	08 Dec 2023	163 Days

Most Expensive Streets in B78 (Tamworth)

Postcode	Street	Area	Average	No. of Sales
B78 2BW	Middleton Lane, Middleton	Tamworth	£952,333	3
B78 3FF	Morton Drive, Drayton Bassett	Tamworth	£746,250	4
B78 3AG	Lichfield Road, Hopwas	Tamworth	£613,991	6
B78 3AY	Packington Lane, Hopwas	Tamworth	£565,000	4
B78 3BG	Two Trees Close, Hopwas	Tamworth	£513,000	5
B78 3HY	Park Lane, Bonehill	Tamworth	£507,500	6
B78 3AN	Lichfield Road, Hopwas	Tamworth	£486,660	5
B78 3HR	West Drive, Bonehill	Tamworth	£469,125	4
B78 3AS	Nursery Lane, Hopwas	Tamworth	£467,300	5
B78 3PY	Heathcote Drive, Mile Oak	Tamworth	£452,000	4

Least Expensive Streets in B78 (Tamworth)

Postcode	Street	Area	Average	No. of Sales
B78 2EP	Piccadilly	Tamworth	£125,166	3
B78 3HQ	Bonehill Road	Tamworth	£125,806	8
B78 2PG	The Firs, Kingsbury	Tamworth	£126,900	5
B78 1PE	Kitwood Avenue, Dordon	Tamworth	£129,400	5
B78 1QZ	Coppice Drive, Dordon	Tamworth	£133,500	3
B78 3BF	Marina View, Fazeley	Tamworth	£133,664	17
B78 1AX	Aldridge Close, Birchmoor	Tamworth	£133,825	9
B78 1PP	Queens Way, Dordon	Tamworth	£134,000	3
B78 2PH	The Laurels, Kingsbury	Tamworth	£137,778	7
B78 1PF	Kitwood Avenue, Dordon	Tamworth	£139,666	3