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House Prices in B47 House Prices in B47 (Birmingham)

The average house price in B47 (Birmingham) is £408,000 using HM Land Registry data.

The average property price increased by £79,937 (10.91%) over the last 5 years and increased by £16,016 (1.83%) over the last 12 months.

Over the last year, there were 82 residential property sales – a decrease of 45 transactions (-54.88%) relative to the previous year. The majority of house sales (18) were in the £294,000 - £348,000 range. Then came properties in the £348,000 - £402,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 139 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,320 (-2%).

In Dec 24, there were 4 new estate agency instructions, 8 agreed home sales and property price reductions.

Nearby Postcodes: B13, B14, B28, B30, B31, B38, B45, B48, B60, B90, B91, B92, B93, B94, B95, B97, B98, CV35

5-Year Average Property Prices in B47 (Birmingham)

10.91%

Property prices in Birmingham increased by 10.91% 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 B47 (Birmingham) Over the Last Year

1.83%

Property prices in Birmingham increased by 1.83% 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 B47 (Birmingham) - 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 B47 (Birmingham)

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 B47 (Birmingham)

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 B47 (Birmingham)

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 B47 (Birmingham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the B47 postcode area since 1995.

Recent Sales in B47 (Birmingham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
189 Shawhurst Lane, Hollywood, Birmingham, Worcestershire, B47 5JR£375,000£350,000-£25,00017 May 202431 Oct 2024167 Days
12 Littleshaw Lane, Wythall, Birmingham, Worcestershire, B47 6EU£425,000£407,000-£18,00015 Apr 202430 Oct 2024198 Days
5 Hollywood Drive, Hollywood, Birmingham, Worcestershire, B47 5PS£300,000£295,000-£5,00008 Jul 202425 Oct 2024109 Days
17 Shawhurst Croft, Hollywood, Birmingham, Worcestershire, B47 5PB£370,000£357,000-£13,00009 Apr 202427 Sep 2024171 Days
36 Laburnum Close, Hollywood, Birmingham, Worcestershire, B47 5QW£300,000£295,000-£5,00015 Apr 202425 Sep 2024163 Days
9 Manor Road, Wythall, Birmingham, Worcestershire, B47 6EL£400,000£377,000-£23,00002 Apr 202420 Sep 2024171 Days
19 Shawfield, Hollywood, Birmingham, Worcestershire, B47 5HP£125,000£123,000-£2,00019 Mar 202419 Sep 2024184 Days
17 Fenton Road, Hollywood, Birmingham, Worcestershire, B47 5LS£365,000£365,000£0014 May 202419 Sep 2024128 Days
51 May Lane, Hollywood, Birmingham, Worcestershire, B47 5NX£450,000£439,000-£11,00005 Mar 202416 Sep 2024195 Days
12 Alveston Road, Hollywood, Birmingham, Worcestershire, B47 5LD£365,000£362,000-£3,00004 Mar 202413 Sep 2024193 Days
15 Douglas Road, Hollywood, Birmingham, Worcestershire, B47 5JY£465,000£465,000£0015 May 202410 Sep 2024118 Days
64 Lea Green Lane, Wythall, Birmingham, Worcestershire, B47 6HN£725,000£695,000-£30,00015 Apr 202410 Sep 2024148 Days
68 Corbett Road, Hollywood, Birmingham, Worcestershire, B47 5LT£300,000£273,000-£27,00003 Apr 202422 Aug 2024141 Days
8 Corbett Road, Hollywood, Birmingham, Worcestershire, B47 5LL£425,000£425,000£0005 Apr 202402 Aug 2024119 Days
19 Oakwood Road, Hollywood, Birmingham, Worcestershire, B47 5DL£275,000£264,000-£11,00021 Mar 202430 Jul 2024131 Days
19 Hollywood Lane, Hollywood, Birmingham, Worcestershire, B47 5PT£495,000£495,000£0027 Feb 202412 Jul 2024136 Days
8 Meadow Road, Wythall, Birmingham, Worcestershire, B47 6EG£450,000£440,000-£10,00027 Nov 202303 Jul 2024219 Days
6 Chesterwood, Hollywood, Birmingham, Worcestershire, B47 5EN£385,000£380,000-£5,00003 Apr 202428 Jun 202486 Days
16 Lime Close, Hollywood, Birmingham, Worcestershire, B47 5QQ£450,000£440,000-£10,00009 Nov 202306 Jun 2024210 Days
15 New Road, Hollywood, Birmingham, Worcestershire, B47 5ND£375,000£365,000-£10,00018 Oct 202307 May 2024202 Days

Most Expensive Streets in B47 (Birmingham)

PostcodeStreetAreaAverageNo. of Sales
B47 5QTHawthorn Drive, HollywoodBirmingham£676,6663
B47 5QSBeech Road, HollywoodBirmingham£675,6663
B47 6AGStation Road, WythallBirmingham£655,0005
B47 6HNLea Green Lane, WythallBirmingham£612,3333
B47 5RHOak Tree Lane, HollywoodBirmingham£599,1254
B47 5QXSycamore Drive, HollywoodBirmingham£595,77211
B47 6LXHoundsfield Lane, WythallBirmingham£574,3624
B47 6LHWilmore Lane, WythallBirmingham£555,6254
B47 6JPChapel Drive, WythallBirmingham£525,0003
B47 6AFStation Road, WythallBirmingham£522,0836

Least Expensive Streets in B47 (Birmingham)

PostcodeStreetAreaAverageNo. of Sales
B47 6AYBunny Court, WythallBirmingham£139,5004
B47 5DNPoplar Trees, May Farm CloseBirmingham£145,7003
B47 6AHButterworth Close, WythallBirmingham£154,9624
B47 6LNSilvermead Court, Silver Street, WythallBirmingham£173,9949
B47 6HDLea Green Drive, WythallBirmingham£174,7005
B47 5HJAlcester Road, HollywoodBirmingham£212,4166
B47 6HJFulford Close, WythallBirmingham£219,8005
B47 5JSForest Way, HollywoodBirmingham£223,3005
B47 5JBSimms Lane, HollywoodBirmingham£224,9916
B47 5HNSimms Lane, HollywoodBirmingham£237,5004

Explore B47 (Birmingham) using map

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