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House Prices in B78 House Prices in B78 (Tamworth)

The average house price in B78 (Tamworth) is £294,107 using HM Land Registry data.

The average property price increased by £64,427 (9.97%) over the last 5 years and increased by £12,909 (1.69%) over the last 12 months.

Over the last year, there were 247 residential property sales – a decrease of 42 transactions (-17.00%) relative to the previous year. The majority of house sales (60) were in the £202,000 - £254,000 range. Then came properties in the £254,000 - £306,000 range, where 50 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 105 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,574 (-2%).

In December 2024, there were 34 new estate agency instructions, 24 agreed home sales and 20 property price reductions.

Nearby Postcodes: B24, B35, B36, B37, B40, B46, B72, B74, B75, B76, B77, B79, CV10, CV13, CV7, CV9, DE12, WS13, WS14, WS7, WS8, WS9

5-Year Average Property Prices in B78 (Tamworth)

9.97%

Property prices in B78 (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 B78 (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.

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 B78 (Tamworth) - December 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 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 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
22 Colbourne Road, Tamworth, Staffordshire, B78 3JU£260,000£260,000£015 Aug 202414 Nov 202491 Days
43 The Gullet, Polesworth, Tamworth, Warwickshire, B78 1HH£329,950£318,000-£11,95022 May 202429 Oct 2024160 Days
41 Cornwall Avenue, Tamworth, Staffordshire, B78 3YB£375,000£370,000-£5,00003 May 202425 Oct 2024175 Days
50 George Avenue, Mile Oak, Tamworth, Staffordshire, B78 3PW£290,000£281,500-£8,50004 Apr 202423 Oct 2024202 Days
91 Deer Park Road, Fazeley, Tamworth, Staffordshire, B78 3SZ£220,000£215,000-£5,00015 May 202416 Oct 2024154 Days
31 Two Trees Close, Hopwas, Tamworth, Staffordshire, B78 3BG£575,000£575,000£003 Jun 202411 Oct 2024130 Days
26 St Leonards View, Polesworth, Tamworth, Warwickshire, B78 1JY£275,000£270,000-£5,00017 Apr 202411 Oct 2024177 Days
1 Chetwynd Avenue, Polesworth, Tamworth, Warwickshire, B78 1JU£310,000£300,000-£10,00022 Mar 202403 Oct 2024195 Days
24 Laurel Avenue, Polesworth, Tamworth, Warwickshire, B78 1LT£250,000£247,500-£2,50030 Jan 202401 Oct 2024245 Days
107 St Leonards View, Dordon, Tamworth, Warwickshire, B78 1QH£320,000£312,000-£8,00018 Apr 202430 Sep 2024165 Days
15 Whitehouse Road, Dordon, Tamworth, Warwickshire, B78 1QE£190,000£190,000£030 Apr 202427 Sep 2024150 Days
31 Hampshire Close, Tamworth, Staffordshire, B78 3XU£350,000£350,000£016 May 202427 Sep 2024134 Days
15 Millers Wharf, Polesworth, Tamworth, Warwickshire, B78 1EZ£185,000£183,000-£2,00018 Mar 202409 Aug 2024144 Days
15 Brook Close, Kingsbury, Tamworth, Warwickshire, B78 2LU£310,000£300,000-£10,00009 Apr 202402 Aug 2024115 Days
9 Millers Wharf, Polesworth, Tamworth, Warwickshire, B78 1EZ£135,000£135,000£024 Jan 202430 Jul 2024188 Days
41 Chaytor Road, Polesworth, Tamworth, Warwickshire, B78 1JP£199,950£197,000-£2,95003 Jan 202417 Jul 2024196 Days
50 Sorrel Drive, Kingsbury, Tamworth, Warwickshire, B78 2PQ£160,000£160,000£023 Apr 202412 Jul 202480 Days
34 Bear Lane Close, Polesworth, Tamworth, Warwickshire, B78 1BH£155,000£155,000£021 Jul 202325 Jun 2024340 Days
19 Meadow Close, Kingsbury, Tamworth, Warwickshire, B78 2NR£230,000£220,000-£10,00009 Oct 202321 Jun 2024256 Days
73 Watling Street, Hints, Tamworth, Staffordshire, B78 3DE£325,000£300,000-£25,00008 Nov 202321 Jun 2024226 Days

Most Expensive Streets in B78 (Tamworth)

PostcodeStreetAreaAverageNo. of Sales
B78 2BWMiddleton Lane, MiddletonTamworth£952,3333
B78 3AGLichfield Road, HopwasTamworth£623,3905
B78 3AYPackington Lane, HopwasTamworth£565,0004
B78 3HYPark Lane, BonehillTamworth£545,0005
B78 3BGTwo Trees Close, HopwasTamworth£523,3336
B78 3UGMoat Drive, Drayton BassettTamworth£513,3333
B78 3ANLichfield Road, HopwasTamworth£486,6605
B78 3HRWest Drive, BonehillTamworth£469,1254
B78 3ASNursery Lane, HopwasTamworth£467,3005
B78 3DEWatling Street, HintsTamworth£461,6663

Least Expensive Streets in B78 (Tamworth)

PostcodeStreetAreaAverageNo. of Sales
B78 1PEKitwood Avenue, DordonTamworth£118,6663
B78 1PFKitwood Avenue, DordonTamworth£127,0003
B78 3HQBonehill RoadTamworth£130,7077
B78 1QZCoppice Drive, DordonTamworth£133,5003
B78 1AXAldridge Close, BirchmoorTamworth£133,8259
B78 2PGThe Firs, KingsburyTamworth£134,5005
B78 3BFMarina View, FazeleyTamworth£137,28416
B78 1PPQueens Way, DordonTamworth£138,0004
B78 2DEThe Mill, Granary PlaceTamworth£139,3754
B78 2LRSt Peters Place, KingsburyTamworth£142,3754

Explore B78 (Tamworth) using map

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