Housing Market Analysis for MARGESSON DRIVE, B45 8LR

Are you looking to understand B45 8LR house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Bromsgrove postcode.

For the location information and nearby amenities in the B45 8LR area, explore the B45 8LR Area information page.
For comprehensive crime statistics in the B45 8LR area, explore the B45 8LR Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the B45 8LR postcode area, The average prices are as follows,

  • Detached
    • The average price is around £319,882 median price is £321,250 Standard Deviation is £148,036 with Total Sold: 26
    • The Last 5 Year average price is £514,749 with Total Sold: 6
    • The most recent sale happened at this postcode is 24 MARGESSON DRIVE: £468,000 (Sold on 27 Feb 2024)
    • The first recorded sale happened at this postcode is 21 MARGESSON DRIVE: £600,000 (Sold on 18 Dec 2023)
  • Semi-Detached
    • The average price is around £86,000 median price is £86,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is 6 MARGESSON DRIVE: £86,000 (Sold on 07 Aug 1998)
    • The first recorded sale happened at this postcode is 6 MARGESSON DRIVE: £86,000 (Sold on 07 Aug 1998)

Sold Price Trend Over the Years:

Below table and chart gives the average B45 8LR house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£468,000 £4,544 1
2022£492,500 £4,925 1
2021£463,998 £4,604 2
2017£475,000 £3,369 1
2016£339,975 £3,347 2
2015£360,000 £3,273 1
2014£332,500 £2,265 1
2013£370,000 £2,691 2
2012£298,000 £2,727 1
2010£302,500 £2,939 1
2009£300,000 £3,041 1
2007£345,000 £2,695 1
2004£260,0001
2003£270,000 £2,109 1
2001£75,000 £532 1
2000£167,500 £1,250 2
1998£120,000 £1,022 2
1996£88,000 £600 1
1995£127,500 £866 1
2023£600,000 £4,255 2
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
1998£86,0001

All the Sales in the MARGESSON DRIVE, B45 8LR

See the table below for more details on the sold house prices in the B45 8LR, Bromsgrove postcode.

AddressSold DatePrice% Change
24 MARGESSON DRIVEDetached, FreeholdArea: 103 Sq.mtrAge: 1976-198227 Feb 2024£468,000First Sale
29 MARGESSON DRIVEDetached, FreeholdArea: 100 Sq.mtrAge: 1983-199014 Jan 2022£492,50058.87%
08 Jan 2016£310,000First Sale
25 MARGESSON DRIVEDetached, FreeholdArea: 102.94 Sq.mtrAge: 1983-199024 Sep 2021£468,00026.50%
30 Mar 2016£369,95022.30%
17 Dec 2010£302,500132.69%
16 Oct 1998£130,000First Sale
23 MARGESSON DRIVEDetached, FreeholdArea: 98.66 Sq.mtrAge: 1950-196630 Jun 2021£459,99553.33%
20 Nov 2009£300,000First Sale
21 MARGESSON DRIVEDetached, FreeholdArea: 141 Sq.mtrAge: 1976-198226 May 2017£475,000533.33%
07 Dec 2001£75,000-31.82%
06 Mar 1998£110,000-81.67%
19 Dec 2023£600,0000.0
18 Dec 2023£600,000First Sale
16 MARGESSON DRIVEDetached, FreeholdArea: 110 Sq.mtrAge: 1967-197508 Dec 2015£360,000First Sale
20 MARGESSON DRIVEDetached, FreeholdArea: 146.77 Sq.mtrAge: 1967-197528 Nov 2014£332,500277.84%
19 Jun 1996£88,000First Sale
2 MARGESSON DRIVEDetached, FreeholdArea: 147.28 Sq.mtrAge: 1983-199013 Dec 2013£390,000205.88%
26 May 1995£127,500First Sale
3 MARGESSON DRIVEDetached, FreeholdArea: 128 Sq.mtrAge: 1967-197519 Apr 2013£350,0001.45%
23 Feb 2007£345,00027.78%
02 May 2003£270,00068.75%
08 Sep 2000£160,000First Sale
12 MARGESSON DRIVEDetached, FreeholdArea: 109.26 Sq.mtrAge: 1976-198203 Aug 2012£298,000First Sale
28 MARGESSON DRIVEDetached, Freehold18 Feb 2004£260,000First Sale
26 MARGESSON DRIVEDetached, Freehold14 Jul 2000£175,000First Sale
6 MARGESSON DRIVESemi-Detached, Freehold07 Aug 1998£86,000First Sale

Check out the sold house prices near the B45 8LR postcode. Properties currently for saleProperties currently for rent

MARGESSON DRIVE, B45 8LR Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the B45 8LR postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the B45 8LR postcode.

  • Terraced
    • The average price is around £182,313 median price is £162,500 Standard Deviation is £105,042 with Total Sold: 207
    • The Last 5 Year average price is £299,385 with Total Sold: 26
    • The most recent sale happened at this postcode is , 7 VICTORIA MEWS: £470,000 (Sold on 01 Aug 2024)
    • The first recorded sale happened at this postcode is , 41 FIERY HILL ROAD: £81,000 (Sold on 03 Mar 1995)
  • Detached
    • The average price is around £451,573 median price is £420,000 Standard Deviation is £264,615 with Total Sold: 422
    • The Last 5 Year average price is £691,514 with Total Sold: 75
    • The most recent sale happened at this postcode is , 51 SANDHILLS LANE: £947,400 (Sold on 26 Jun 2024)
    • The first recorded sale happened at this postcode is , BITTELL COTTAGE, 76 BITTELL ROAD: £165,500 (Sold on 01 Jan 1995)
  • Flat
    • The average price is around £183,934 median price is £141,000 Standard Deviation is £134,462 with Total Sold: 90
    • The Last 5 Year average price is £285,536 with Total Sold: 18
    • The most recent sale happened at this postcode is , 57 BUTTERWICK CLOSE: £360,000 (Sold on 08 Mar 2024)
    • The first recorded sale happened at this postcode is , 14 HEWELL PLACE: £52,000 (Sold on 07 Mar 1995)
  • Semi-Detached
    • The average price is around £281,995 median price is £245,000 Standard Deviation is £170,666 with Total Sold: 179
    • The Last 5 Year average price is £478,625 with Total Sold: 27
    • The most recent sale happened at this postcode is , 8 KENDAL DRIVE: £440,000 (Sold on 02 Nov 2023)
    • The first recorded sale happened at this postcode is , 47 SANDHILLS ROAD: £130,000 (Sold on 24 Mar 1995)
  • Other
    • The average price is around £349,562 median price is £280,750 Standard Deviation is £191,860 with Total Sold: 8
    • The Last 5 Year average price is £247,750 with Total Sold: 6
    • The most recent sale happened at this postcode is , 91 HEWELL ROAD: £262,500 (Sold on 14 May 2021)
    • The first recorded sale happened at this postcode is , EXCHANGE HOUSE, 23 HEWELL ROAD: £535,000 (Sold on 28 Nov 2017)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£356,000 £3,077 5
2023£203,625 £3,110 4
2022£395,800 £4,323 5
2021£251,500 £3,923 6
2020£306,000 £3,799 3
2019£261,167 £3,023 3
2018£221,104 £3,271 7
2017£326,188 £3,912 8
2016£214,438 £2,638 16
2015£275,000 £2,716 3
2014£271,850 £2,856 7
2013£263,333 £2,680 3
2012£233,350 £2,456 10
2011£258,200 £2,811 5
2010£161,875 £2,815 4
2009£175,000 £3,182 1
2008£174,625 £3,323 4
2007£178,950 £3,263 5
2006£191,667 £2,988 9
2005£200,150 £2,642 3
2004£182,165 £2,659 10
2003£161,710 £1,803 10
2002£121,738 £2,105 8
2001£136,300 £1,457 10
2000£94,062 £1,285 8
1999£95,759 £1,127 11
1998£81,547 £1,052 16
1997£69,072 £1,032 9
1996£75,181 £905 8
1995£62,250 £966 6
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£675,900 £4,772 6
2023£676,625 £4,777 8
2022£716,857 £4,860 16
2021£704,166 £5,286 12
2020£625,831 £4,377 21
2019£777,750 £4,362 12
2018£797,603 £3,884 17
2017£680,926 £3,897 31
2016£570,274 £3,760 34
2015£551,231 £3,482 13
2014£520,417 £2,878 12
2013£386,675 £2,736 10
2012£497,562 £2,863 8
2011£353,917 £2,772 6
2010£431,786 £3,086 7
2009£415,692 £2,682 13
2008£451,244 £3,452 8
2007£448,938 £2,626 17
2006£385,230 £2,408 15
2005£420,100 £2,908 10
2004£321,000 £1,964 13
2003£275,325 £2,080 6
2002£330,540 £1,740 25
2001£195,146 £1,543 12
2000£234,528 £1,408 16
1999£170,421 £1,197 16
1998£204,961 £1,033 14
1997£134,432 £985 20
1996£134,768 £856 14
1995£125,935 £975 10
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£360,0001
2023£290,333 £4,700 3
2022£249,750 £4,354 4
2021£319,000 £3,620 5
2019£262,930 £3,977 5
2018£303,885 £4,526 10
2017£398,843 £3,511 7
2016£139,833 £2,556 6
2015£137,000 £2,407 2
2014£119,000 £2,247 3
2013£135,667 £2,207 6
2012£118,000 £3,026 1
2011£167,500 £2,977 1
2009£137,5001
2007£154,500 £2,119 2
2006£153,975 £2,933 2
2005£116,000 £2,829 1
2004£129,500 £2,203 3
2003£128,5001
2002£87,190 £2,044 5
2001£80,250 £1,475 3
2000£67,000 £1,375 2
1999£50,000 £685 1
1998£63,533 £1,034 3
1997£48,500 £1,075 2
1996£44,250 £860 2
1995£48,744 £932 8
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£610,250 £4,394 4
2022£499,270 £4,762 6
2021£359,000 £3,520 6
2020£502,875 £4,745 6
2019£463,000 £3,999 5
2018£544,643 £4,274 7
2017£350,667 £3,618 3
2016£328,571 £2,967 7
2015£436,000 £3,013 6
2014£347,994 £2,927 9
2012£170,000 £3,185 1
2011£403,000 £2,916 5
2010£241,475 £2,780 2
2009£354,400 £2,526 5
2008£288,000 £3,179 5
2007£314,429 £2,950 7
2006£454,375 £2,647 4
2005£255,375 £2,401 8
2004£274,828 £2,587 9
2003£214,333 £2,119 9
2002£192,375 £1,830 4
2001£163,359 £1,474 11
2000£176,143 £1,298 7
1999£111,233 £1,130 18
1998£112,907 £1,094 7
1997£87,118 £864 8
1996£82,750 £1,038 4
1995£112,992 £744 6
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£262,5001
2020£233,0003
2019£262,5002
2018£775,000 £3,491 1
2017£535,0001

House Type in B45 8LR area

The most common house types in the B45 8LR postcode area are Detached (106), Semi-detached (14), and Terraced (4).

Total126
Detached106
Semi-detached14
Terraced4
Shared house1
converted building1
Flat0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (60), and Owned: Owns with a mortgage or loan (58).

Owned: Owns outright60
Owned: Owns with a mortgage or loan58
Private rented: Private landlord or letting agency5
Private rented: Other private rented2
Social rented: Other social rented1
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Lives rent free0

Number of People in a Household

The most houses in the B45 8LR have 2 people in household (38), and 4 people in household (28).

2 people in household38
4 people in household28
1 person in household25
3 people in household25
5 people in household9
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0