Housing Market Analysis for MERCER CLOSE, B61 7LQ

Are you looking to understand B61 7LQ 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 B61 7LQ area, explore the B61 7LQ Area information page.
For comprehensive crime statistics in the B61 7LQ area, explore the B61 7LQ Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the B61 7LQ postcode area, The average prices are as follows,

Semi-Detached
- The average price is around £263,859 median price is £265,000 Standard Deviation is £20,200 with Total Sold: 11
- The Last 5 Year average price is £263,333 with Total Sold: 3
- The most recent sale happened at this postcode is 10 MERCER CLOSE: £270,000 (Sold on 03 Jun 2020)
- The first recorded sale happened at this postcode is 6 MERCER CLOSE: £247,500 (Sold on 03 Mar 2017)
Terraced
- The average price is around £219,375 median price is £221,250 Standard Deviation is £28,250 with Total Sold: 4
- The Last 5 Year average price is £195,000 with Total Sold: 1
- The most recent sale happened at this postcode is 13 MERCER CLOSE: £195,000 (Sold on 20 Sep 2019)
- The first recorded sale happened at this postcode is 12 MERCER CLOSE: £247,500 (Sold on 28 Apr 2017)
Detached
- The average price is around £368,312 median price is £351,250 Standard Deviation is £25,598 with Total Sold: 8
- The most recent sale happened at this postcode is 8 MERCER CLOSE: £355,000 (Sold on 11 Oct 2018)
- The first recorded sale happened at this postcode is 8 MERCER CLOSE: £347,500 (Sold on 16 Mar 2017)

Sold Price Trend Over the Years:

Below table and chart gives the average B61 7LQ 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: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2020	£270,000	£3,418	1
2019	£260,000	£2,989	2
2017	£264,056	£2,978	8

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2019	£195,000	£3,095	1
2017	£227,500	£2,760	3

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2018	£355,000	£3,142	1
2017	£370,214	£2,929	7

All the Sales in the MERCER CLOSE, B61 7LQ

See the table below for more details on the sold house prices in the B61 7LQ, Bromsgrove postcode.

Address	Sold Date	Price	% Change
10 MERCER CLOSESemi-Detached, FreeholdArea: 79 Sq.mtr	03 Jun 2020	£270,000	9.09%
10 MERCER CLOSESemi-Detached, FreeholdArea: 79 Sq.mtr	07 Apr 2017	£247,500	First Sale
6 MERCER CLOSESemi-Detached, FreeholdArea: 87 Sq.mtr	04 Oct 2019	£255,000	-3.77%
	23 Apr 2019	£265,000	7.07%
	03 Mar 2017	£247,500	First Sale
13 MERCER CLOSETerraced, FreeholdArea: 63 Sq.mtr	20 Sep 2019	£195,000	4.00%
13 MERCER CLOSETerraced, FreeholdArea: 63 Sq.mtr	12 May 2017	£187,500	First Sale
8 MERCER CLOSEDetached, FreeholdArea: 113 Sq.mtr	11 Oct 2018	£355,000	2.16%
8 MERCER CLOSEDetached, FreeholdArea: 113 Sq.mtr	16 Mar 2017	£347,500	First Sale
16 MERCER CLOSEDetached, FreeholdArea: 146 Sq.mtr	11 Dec 2017	£407,000	First Sale
18 MERCER CLOSEDetached, FreeholdArea: 146 Sq.mtr	30 Nov 2017	£396,000	First Sale
17 MERCER CLOSEDetached, FreeholdArea: 146 Sq.mtr	18 Oct 2017	£400,000	First Sale
4 MERCER CLOSESemi-Detached, FreeholdArea: 105 Sq.mtr	07 Aug 2017	£299,950	First Sale
3 MERCER CLOSESemi-Detached, FreeholdArea: 105 Sq.mtr	31 Jul 2017	£285,000	First Sale
11 MERCER CLOSEDetached, FreeholdArea: 114 Sq.mtr	24 Jul 2017	£346,000	First Sale
2 MERCER CLOSESemi-Detached, FreeholdArea: 90 Sq.mtr	17 Jul 2017	£290,000	First Sale
1 MERCER CLOSESemi-Detached, FreeholdArea: 79 Sq.mtr	14 Jul 2017	£237,500	First Sale
14 MERCER CLOSETerraced, FreeholdArea: 79 Sq.mtr	30 Jun 2017	£247,500	First Sale
15 MERCER CLOSEDetached, FreeholdArea: 113 Sq.mtr	23 Jun 2017	£347,500	First Sale
12 MERCER CLOSETerraced, FreeholdArea: 114 Sq.mtr	28 Apr 2017	£247,500	First Sale
9 MERCER CLOSESemi-Detached, FreeholdArea: 79 Sq.mtr	31 Mar 2017	£237,500	First Sale
7 MERCER CLOSEDetached, FreeholdArea: 113 Sq.mtr	17 Mar 2017	£347,500	First Sale
5 MERCER CLOSESemi-Detached, FreeholdArea: 88 Sq.mtr	13 Mar 2017	£267,500	First Sale

Check out the sold house prices near the B61 7LQ postcode. Properties currently for saleProperties currently for rent

MERCER CLOSE, B61 7LQ Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the B61 7LQ 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 B61 7LQ postcode.

Semi-Detached
- The average price is around £156,071 median price is £154,000 Standard Deviation is £83,221 with Total Sold: 301
- The Last 5 Year average price is £262,846 with Total Sold: 45
- The most recent sale happened at this postcode is , 55 WILLOW ROAD: £258,000 (Sold on 30 Aug 2024)
- The first recorded sale happened at this postcode is , 72 GRAYSHOTT CLOSE: £60,000 (Sold on 31 May 1995)
Detached
- The average price is around £279,706 median price is £255,000 Standard Deviation is £134,590 with Total Sold: 327
- The Last 5 Year average price is £425,485 with Total Sold: 57
- The most recent sale happened at this postcode is , 6 PAGET CLOSE: £360,000 (Sold on 20 Jun 2024)
- The first recorded sale happened at this postcode is , 30 WILLOW ROAD: £77,500 (Sold on 27 Jan 1995)
Terraced
- The average price is around £138,422 median price is £140,000 Standard Deviation is £68,481 with Total Sold: 115
- The Last 5 Year average price is £225,885 with Total Sold: 24
- The most recent sale happened at this postcode is , 70 GRAYSHOTT CLOSE: £245,000 (Sold on 05 Apr 2024)
- The first recorded sale happened at this postcode is , 4 GREENACRES ROAD: £46,000 (Sold on 21 Jul 1995)
Other
- The average price is around £1,154,181 median price is £200,000 Standard Deviation is £1,859,855 with Total Sold: 8
- The Last 5 Year average price is £1,013,075 with Total Sold: 6
- The most recent sale happened at this postcode is , 26 LARCHMERE DRIVE: £255,000 (Sold on 17 Mar 2023)
- The first recorded sale happened at this postcode is , THE BROMSGROVE HOTEL KIDDERMINSTER ROAD: £3,000,000 (Sold on 06 May 2014)
Flat
- The average price is around £104,183 median price is £106,500 Standard Deviation is £31,578 with Total Sold: 18
- The Last 5 Year average price is £139,950 with Total Sold: 1
- The most recent sale happened at this postcode is , 11 OSIER CLOSE: £139,950 (Sold on 25 Mar 2020)
- The first recorded sale happened at this postcode is , 2 LARCHMERE DRIVE: £53,950 (Sold on 07 Aug 1996)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£259,667		3
2023	£293,000	£3,421	5
2022	£309,727	£3,279	11
2021	£252,833	£2,821	9
2020	£222,024	£2,891	7
2019	£234,740	£2,738	10
2018	£229,050	£2,635	10
2017	£253,050	£2,781	15
2016	£184,571	£2,092	7
2015	£180,923	£2,184	13
2014	£187,583	£2,154	6
2013	£189,650	£1,618	3
2012	£160,558	£2,072	6
2011	£202,621	£2,375	7
2010	£181,658	£1,973	12
2009	£145,537	£1,695	9
2008	£197,306	£1,924	9
2007	£171,136	£2,023	11
2006	£166,398	£1,979	10
2005	£173,600	£2,007	12
2004	£129,614	£1,396	14
2003	£128,833	£1,882	3
2002	£111,291	£1,249	17
2001	£84,617	£1,199	12
2000	£82,969	£1,062	13
1999	£79,515	£839	12
1998	£60,733	£745	12
1997	£68,938	£763	16
1996	£53,515	£637	13
1995	£55,654	£730	14

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£482,500	£3,164	4
2023	£450,550	£3,651	10
2022	£464,661	£3,808	9
2021	£418,375	£3,090	12
2020	£372,312	£3,254	8
2019	£402,586	£3,074	14
2018	£381,982	£3,207	14
2017	£339,136	£2,738	22
2016	£324,222	£2,907	9
2015	£360,380	£2,351	5
2014	£285,217	£2,191	9
2013	£224,600	£2,276	5
2012	£311,750	£2,203	6
2011	£273,454	£2,324	11
2010	£265,188	£1,847	8
2009	£253,857	£2,154	7
2008	£256,300	£1,741	7
2007	£298,975	£2,150	12
2006	£276,850	£2,125	17
2005	£264,497	£1,739	15
2004	£307,938	£2,241	8
2003	£262,188	£1,797	8
2002	£222,627	£1,524	11
2001	£185,091	£1,392	16
2000	£237,004	£1,369	23
1999	£170,400	£1,168	21
1998	£126,619	£756	8
1997	£113,361	£1,051	9
1996	£116,636	£688	14
1995	£98,600	£807	5

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£244,938	£2,599	4
2023	£273,333	£3,121	3
2022	£246,500	£3,170	2
2021	£240,000	£2,858	4
2020	£196,438	£2,313	8
2019	£199,000	£2,610	3
2018	£175,000	£2,365	1
2017	£219,375	£2,578	4
2016	£230,000	£2,396	1
2015	£159,000	£1,955	2
2014	£146,189	£1,771	5
2013	£153,400	£1,968	6
2012	£145,333	£1,903	3
2011	£145,667	£1,695	3
2010	£150,000	£1,330	1
2009	£136,250	£1,566	2
2008	£159,000	£1,719	2
2007	£173,667	£2,123	3
2006	£160,225	£2,003	4
2005	£141,250	£1,728	4
2004	£147,980	£1,501	5
2003	£126,317	£1,479	3
2002	£86,120	£1,106	5
2001	£77,943	£919	9
2000	£77,000	£948	3
1999	£57,950	£752	7
1998	£61,417	£648	3
1997	£59,279	£672	7
1996	£53,840	£680	5
1995	£49,667	£600	3

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£2,827,500	£3,036	2
2020	£71,150	£936	3
2019	£210,000	£2,692	1
2016	£155,000	£1,822	1
2014	£3,000,000		1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2020	£139,950	£2,691	1
2018	£180,000	£2,278	1
2017	£125,000	£2,841	1
2016	£125,000	£2,404	1
2015	£106,500	£2,479	2
2013	£101,612	£2,393	4
2012	£111,875	£2,465	4
2003	£59,500		1
2002	£90,000	£1,139	1
1996	£44,450		2

House Type in B61 7LQ area

The most common house types in the B61 7LQ postcode area are Detached (103), Semi-detached (43), and Terraced (6).

Total	153
Detached	103
Semi-detached	43
Terraced	6
Shared house	1
Flat	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (80), and Owned: Owns with a mortgage or loan (61).

Owned: Owns outright	80
Owned: Owns with a mortgage or loan	61
Private rented: Private landlord or letting agency	6
Private rented: Other private rented	3
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Rents from council or Local Authority	0
Social rented: Other social rented	0
Lives rent free	0

Number of People in a Household

The most houses in the B61 7LQ have 2 people in household (63), and 3 people in household (30).

2 people in household	63
3 people in household	30
1 person in household	25
4 people in household	23
5 people in household	6
6 people in household	3
0 people in household	0
7 people in household	0
8 or more people in household	0