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Consumer, debt & discounts

Birmingham’s cheapest houses: Nechells props up the house price table

North Birmingham suburb Nechells had the lowest average price paid for a house in the Birmingham area during 2013, according to figures recently released by the land registry.

The price paid for houses sold in Nechells’ B7 postcode, close to Birmingham’s recently regenerated ‘Eastside’ area (B4), had an average house price of £74,600, down 13% from £94,850 for the equivalent period in 2012 – albeit with relatively small sample sizes.

The figures, released by the land registry in January, cover the prices paid for houses nationally between January and November 2013, and show a slight north/south divide developing between the average house prices paid within Birmingham:

Click to view the interactive map of Birmingham's average house prices

Click to view the interactive map of Birmingham’s average house prices

Regionally, Birmingham’s average house price rose 4% in 2013, although Black Country propert fared worse, with houses price increases in Wolverhampton and Dudley falling below the CPI rate of inflation for the period of 2.62%, and house prices in Sandwell even falling slightly:

Town/City 2013 Ave. Price Paid 2012 Ave. Price Paid % Increase
BIRMINGHAM £159,753.30 £154,066.85 4%
COVENTRY £144,848.74 £138,380.60 5%
DUDLEY £148,006.43 £144,838.30 2%
SANDWELL £117,825.67 £117,730.02 0%
SOLIHULL £247,299.57 £239,823.94 3%
WALSALL £144,012.98 £136,480.84 6%
WOLVERHAMPTON £133,888.46 £131,386.14 2%
Grand Total £158,323.53 £152,729.26 4%

At the other end of the scale, just under four miles away, Edgbaston had the West Midlands’ most expensive house sale of 2013.

A house, on Farquhar Road, Edgbaston, Birmingham, B15, was sold for £1.54m, the highest price paid in the West Midlands metropolitan area during the year according to the data.

# Price Paid Postcode Road/Street Addrres 2 Area Town/City
1 £1,535,000 B15 FARQUHAR ROAD EDGBASTON BIRMINGHAM BIRMINGHAM
2 £1,375,000 B93 BLUE LAKE ROAD DORRIDGE SOLIHULL SOLIHULL
3 £1,275,000 DY8 QUARRY PARK ROAD STOURBRIDGE DUDLEY
4 £1,250,000 B15 GEORGE ROAD EDGBASTON BIRMINGHAM BIRMINGHAM
5 £1,237,500 B93 BLUE LAKE ROAD DORRIDGE SOLIHULL SOLIHULL
6 £1,225,000 B74 LADYWOOD ROAD SUTTON COLDFIELD BIRMINGHAM
7 £1,150,000 B93 NETHERWOOD LANE CHADWICK END SOLIHULL SOLIHULL
8 £1,145,000 B93 TEMPLE GARDENS DORRIDGE SOLIHULL SOLIHULL
9 £1,140,000 B15 WOODBOURNE ROAD EDGBASTON BIRMINGHAM BIRMINGHAM
10 £1,125,000 B94 WINDMILL LANE HOCKLEY HEATH SOLIHULL SOLIHULL

In total, £1.17billion was spent on house purchases in Birmingham in 2013, the largest amount in the West Midlands, up 7% for the equivalent period in 2012.

The amount spent on houses in Sandwell actually fell, by 4% to £214million.

Wolverhampton had the lowest total amount spent on property in 2013 in the West Midlands.

Town/City Total price paid 2013 Total price paid 2012 % Change
BIRMINGHAM £1,170,991,684.00 £1,091,255,515.00 7%
COVENTRY £396,016,442.00 £364,494,500.00 9%
DUDLEY £364,835,848.00 £332,403,901.00 10%
SANDWELL £214,796,196.00 £224,275,683.00 -4%
SOLIHULL £529,468,386.00 £476,050,511.00 11%
WALSALL £251,590,684.00 £231,062,064.00 9%
WOLVERHAMPTON £218,505,965.00 £198,655,849.00 10%
Grand Total £3,146,205,205.00 £2,918,198,023.00 8%

‘Price paid’ information is based on residential properties sold for market value and excludes commercial transactions, sales not lodged with Land Registry, and sales that were not for full market value (for example, part of a property, a share of a property or the sale of a property at a discount).

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About Dave Allen

I manage the social media and online presence for Birmingham City University's Faculty of Performance, Media and English, and provide one-to-one social media consultancy for the Faculty's staff.

Discussion

One thought on “Birmingham’s cheapest houses: Nechells props up the house price table

  1. You have the detail information of houses which are sold in low prices in north birmingham ,this is will help others estate agents to know about it and the one who want to buy or sell there houses,this is a great news.thanks for such a vital information sharing with us.

    Posted by Properties For Sale Solihull | January 21, 2014, 8:25 am

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