Property News - The most expensive property postcodes of the West Midlands revealed



Posted on Monday, July 26, 2021

The latest research by Birmingham estate and lettings agent, Barrows and Forrester, has revealed which pockets of the prime West Midlands property market are currently seeing the highest prices paid for homes at £1m or above.

Barrows and Forrester analysed sold price records from the Land Registry over the last year and found that across the West Midlands county, the average price paid for prime properties over £1m is £1.240m. 

How does this compare to the rest of England and Wales? In London, prime homes are currently selling for an average of £1.370m, while elsewhere across England and Wales, this sits at £1.270m. 

However, when dissecting the million pound West Midlands, there are a few areas where sold prices are averaging higher than even the London average. 

In the B74 postcode, homes over £1m have averaged a sold price of £1,442,500 in the last 12 months alone, with the B75 postcode also outpacing the capital with an average sold price of £1.4m. 

The B15 postcode isn’t far off the pace set by the London prime market at just over £1.3m, with the B93 (£1.25m) and the B92 (£1.212m) postcodes also performing strongly where sold prices are concerned. 

Other postcodes to make the top 10 for the hottest spots of the prime West Midlands property market include B73 (£1.17m), B91 (£1.15m), B13 (£1.11m), B94 (£1.1m) and WV6 (£1.1m). 

Not only is the B74 postcode the most prestigious from an overall property price standpoint, but it also accounts for six of the top 10 most expensive homes sold in the West Midlands in the last 12 months. The most expensive being a detached home on Hartopp Road in Sutton Coldfield that sold for just shy of £3.5m. 

Managing Director of Barrows & Forrester , James Forrester, commented:

“The property market is currently performing very well in the West Midlands and this is no different at the very top end of the market. 

While the addition of a stamp duty saving is unlikely to have motivated prime property buyers to the same extent, it has helped boost overall market sentiment which has certainly filtered upstream to those buying at the one million pound threshold and above.”

Table shows the average sold price for homes at £1m+ over the last year

Location

Median Sold Price

England and Wales (all)

£1,310,000

England and Wales (excluding London)

£1,270,000

London

£1,370,000

   

West Midlands County

£1,240,000

Data sourced from the Land Registry sold price records for homes sold at £1m+ between June 2020 and May 2021 - latest available

   

Table shows the West Midlands postcodes to see the highest average sold price for homes at £1m+ over the last year

Outcode

Median Sold Price

B74

£1,442,500

B75

£1,400,000

B15

£1,331,000

B93

£1,250,000

B92

£1,212,500

B73

£1,170,000

B91

£1,150,000

B13

£1,110,000

B94

£1,100,000

WV6

£1,100,000

Data sourced from the Land Registry sold price records for homes sold at £1m+ between June 2020 and May 2021 - latest available

 

Table shows the most expensive homes sold in the West Midlands county over the last year

Sold Price

Outcode

Property Type

Street

Town/City

District

County

£3,450,000

B74

Detached

HARTOPP ROAD

SUTTON COLDFIELD

BIRMINGHAM

WEST MIDLANDS

£3,156,500

B15

Detached

WELLINGTON ROAD

BIRMINGHAM

BIRMINGHAM

WEST MIDLANDS

£2,450,000

B74

Detached

BRACEBRIDGE ROAD

SUTTON COLDFIELD

BIRMINGHAM

WEST MIDLANDS

£2,359,354

B93

Detached

DORRIDGE ROAD

SOLIHULL

SOLIHULL

WEST MIDLANDS

£2,305,000

B74

Detached

KENILWORTH CLOSE

SUTTON COLDFIELD

BIRMINGHAM

WEST MIDLANDS

£2,250,000

B15

Detached

WESTFIELD ROAD

BIRMINGHAM

BIRMINGHAM

WEST MIDLANDS

£2,100,000

B74

Detached

HARTOPP ROAD

SUTTON COLDFIELD

BIRMINGHAM

WEST MIDLANDS

£1,800,000

B15

Detached

WESTFIELD ROAD

BIRMINGHAM

BIRMINGHAM

WEST MIDLANDS

£1,775,000

B74

Detached

FOUR OAKS ROAD

SUTTON COLDFIELD

BIRMINGHAM

WEST MIDLANDS

£1,750,000

B74

Detached

HARTOPP ROAD

SUTTON COLDFIELD

BIRMINGHAM

WEST MIDLANDS






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