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House Prices in B78 House Prices in B78 (Tamworth)

The average house price in B78 (Tamworth) is £249,769 using HM Land Registry data.

The average property price increased by £71,271 (9.97%) over the last 5 years and increased by £14,280 (1.69%) over the last 12 months.

Over the last year, there were 230 residential property sales – a decrease of 71 transactions (-30.87%) relative to the previous year. The majority of house sales (53) were in the £208,000 - £256,000 range. Then came properties in the £256,000 - £304,000 range, where 49 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 66 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,018 (-2%).

In Oct 24, there were 53 new estate agency instructions, 35 agreed home sales and 30 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 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.

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) - 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 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
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£0024 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£0023 Apr 202412 Jul 202480 Days
34 Bear Lane Close, Polesworth, Tamworth, Warwickshire, B78 1BH£155,000£155,000£0021 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
65 Station Road, Polesworth, Tamworth, Warwickshire, B78 1BG£199,000£190,000-£9,00008 Apr 202418 Jun 202471 Days
63 Bridge Street, Polesworth, Tamworth, Warwickshire, B78 1DR£300,000£297,000-£3,00002 Oct 202307 Jun 2024249 Days
38 Huntingdon Close, Tamworth, Staffordshire, B78 3XS£230,000£220,000-£10,00018 Sep 202303 Jun 2024259 Days
42 Sycamore Avenue, Polesworth, Tamworth, Warwickshire, B78 1NE£200,000£200,000£0023 Feb 202430 May 202497 Days
1 Laburnum Close, Kingsbury, Tamworth, Warwickshire, B78 2JH£230,000£230,000£0029 Sep 202329 May 2024243 Days
35 Laburnum Close, Kingsbury, Tamworth, Warwickshire, B78 2JH£220,000£216,000-£4,00026 Dec 202329 May 2024155 Days
50 Coronation Avenue, Mile Oak, Tamworth, Staffordshire, B78 3NW£220,000£213,000-£7,00018 Oct 202310 May 2024205 Days
66 Mill Crescent, Kingsbury, Tamworth, Warwickshire, B78 2NN£330,000£330,000£0029 Nov 202310 May 2024163 Days
38 Birchwood Avenue, Dordon, Tamworth, Warwickshire, B78 1QU£210,000£200,000-£10,00029 Dec 202310 May 2024133 Days
9 Deer Park Road, Fazeley, Tamworth, Staffordshire, B78 3SY£199,950£185,000-£14,95003 Oct 202309 May 2024219 Days
41 Ralph Crescent, Kingsbury, Tamworth, Warwickshire, B78 2HL£230,000£226,000-£4,00020 Dec 202326 Apr 2024128 Days
1 West Drive, Bonehill, Tamworth, Staffordshire, B78 3HR£460,000£440,000-£20,00011 Sep 202318 Apr 2024220 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 3UGMoat Drive, Drayton BassettTamworth£513,3333
B78 3BGTwo Trees Close, HopwasTamworth£513,0005
B78 3ANLichfield Road, HopwasTamworth£486,6605
B78 3HRWest Drive, BonehillTamworth£469,1254
B78 3ASNursery Lane, HopwasTamworth£467,3005
B78 3PYHeathcote Drive, Mile OakTamworth£452,0004

Least Expensive Streets in B78 (Tamworth)

PostcodeStreetAreaAverageNo. of Sales
B78 1PEKitwood Avenue, DordonTamworth£118,6663
B78 1PFKitwood Avenue, DordonTamworth£127,0003
B78 3HQBonehill RoadTamworth£128,9318
B78 1QZCoppice Drive, DordonTamworth£133,5003
B78 3BFMarina View, FazeleyTamworth£133,66417
B78 1AXAldridge Close, BirchmoorTamworth£133,8259
B78 1PPQueens Way, DordonTamworth£134,0003
B78 2PGThe Firs, KingsburyTamworth£134,5005
B78 2PHThe Laurels, KingsburyTamworth£137,7787
B78 2LRSt Peters Place, KingsburyTamworth£140,6663

Explore B78 (Tamworth) using map

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