Housing Market Analysis for SHROPSHIRE WAY, B71 1BJ

Are you looking to understand B71 1BJ 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 Sandwell postcode.

For the location information and nearby amenities in the B71 1BJ area, explore the B71 1BJ Area information page.
For comprehensive crime statistics in the B71 1BJ area, explore the B71 1BJ Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the B71 1BJ postcode area, The average prices are as follows,

  • Flat
    • The average price is around £102,899 median price is £115,895 Standard Deviation is £18,701 with Total Sold: 5
    • The Last 5 Year average price is £100,000 with Total Sold: 3
    • The most recent sale happened at this postcode is APARTMENT 2, ELWELL HOUSE SHROPSHIRE WAY: £116,000 (Sold on 30 Jun 2023)
    • The first recorded sale happened at this postcode is APARTMENT 1, ELWELL HOUSE SHROPSHIRE WAY: £98,600 (Sold on 05 Jan 2007)

Sold Price Trend Over the Years:

Below table and chart gives the average B71 1BJ 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: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£116,000 £2,035 2
2020£68,000 £1,205 1
2007£107,248 £1,890 2

All the Sales in the SHROPSHIRE WAY, B71 1BJ

See the table below for more details on the sold house prices in the B71 1BJ, Sandwell postcode.

AddressSold DatePrice% Change
APARTMENT 2, ELWELL HOUSE SHROPSHIRE WAYFlat, LeaseholdArea: 57 Sq.mtrAge: 2003-200630 Jun 2023£116,0000.0
30 Jun 2023£116,0000.09%
23 Mar 2007£115,895First Sale
APARTMENT 1, ELWELL HOUSE SHROPSHIRE WAYFlat, LeaseholdArea: 56.44 Sq.mtrAge: 2007 onwards20 Jan 2020£68,000-31.03%
05 Jan 2007£98,600First Sale

Check out the sold house prices near the B71 1BJ postcode. Properties currently for saleProperties currently for rent

SHROPSHIRE WAY, B71 1BJ Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the B71 1BJ 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 B71 1BJ postcode.

  • Terraced
    • The average price is around £106,540 median price is £102,000 Standard Deviation is £49,718 with Total Sold: 388
    • The Last 5 Year average price is £170,254 with Total Sold: 68
    • The most recent sale happened at this postcode is , 12 KENT CLOSE: £196,000 (Sold on 16 Sep 2024)
    • The first recorded sale happened at this postcode is , 54 COLES LANE: £52,500 (Sold on 31 Mar 1995)
  • Semi-Detached
    • The average price is around £103,096 median price is £100,000 Standard Deviation is £52,244 with Total Sold: 894
    • The Last 5 Year average price is £173,762 with Total Sold: 173
    • The most recent sale happened at this postcode is , 115 HEATH LANE: £220,000 (Sold on 30 Aug 2024)
    • The first recorded sale happened at this postcode is , 28 LEACROFT GROVE: £52,000 (Sold on 27 Jan 1995)
  • Flat
    • The average price is around £87,126 median price is £86,850 Standard Deviation is £25,929 with Total Sold: 83
    • The Last 5 Year average price is £78,105 with Total Sold: 19
    • The most recent sale happened at this postcode is , 146 WITTON LANE: £65,000 (Sold on 21 Jun 2024)
    • The first recorded sale happened at this postcode is , 14 SALOP CLOSE: £27,000 (Sold on 07 Jan 2000)
  • Detached
    • The average price is around £127,129 median price is £126,250 Standard Deviation is £52,683 with Total Sold: 120
    • The Last 5 Year average price is £214,111 with Total Sold: 9
    • The most recent sale happened at this postcode is , 70 EDWIN PHILLIPS DRIVE: £268,000 (Sold on 15 Dec 2023)
    • The first recorded sale happened at this postcode is , 76 COLES LANE: £48,000 (Sold on 06 Sep 1996)
  • Other
    • The average price is around £5,000 median price is £5,000 Standard Deviation is £0 with Total Sold: 1
    • The Last 5 Year average price is £5,000 with Total Sold: 1
    • The most recent sale happened at this postcode is , 10 ASH DRIVE: £5,000 (Sold on 30 Apr 2021)
    • The first recorded sale happened at this postcode is , 10 ASH DRIVE: £5,000 (Sold on 30 Apr 2021)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£207,562 £2,816 8
2023£207,167 £2,570 9
2022£179,455 £2,352 11
2021£165,893 £2,117 14
2020£138,543 £1,858 14
2019£151,346 £1,976 12
2018£152,357 £1,844 14
2017£124,200 £1,649 15
2016£120,021 £1,588 12
2015£106,107 £1,289 14
2014£136,859 £1,429 11
2013£104,200 £1,524 5
2012£92,000 £1,135 7
2011£96,612 £1,282 13
2010£107,995 £1,246 10
2009£93,500 £1,096 6
2008£124,818 £1,482 11
2007£120,368 £1,616 19
2006£106,619 £1,425 24
2005£94,933 £1,228 15
2004£88,461 £1,204 18
2003£88,959 £1,216 21
2002£78,233 £986 32
2001£66,531 £903 30
2000£42,496 £557 13
1999£36,640 £396 10
1998£37,700 £449 7
1997£28,350 £326 5
1996£44,500 £518 4
1995£41,525 £519 4
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£198,382 £2,510 17
2023£199,794 £2,585 25
2022£191,392 £2,341 36
2021£173,774 £2,229 42
2020£141,712 £1,852 26
2019£141,494 £1,834 27
2018£131,914 £1,715 29
2017£123,248 £1,679 24
2016£126,696 £1,562 28
2015£110,145 £1,390 31
2014£103,667 £1,316 23
2013£95,342 £1,200 24
2012£92,033 £1,130 15
2011£103,080 £1,261 25
2010£89,425 £1,162 20
2009£99,876 £1,266 21
2008£127,570 £1,264 23
2007£112,002 £1,448 43
2006£110,650 £1,421 46
2005£104,347 £1,253 39
2004£98,506 £1,290 40
2003£81,533 £970 33
2002£68,261 £863 47
2001£54,095 £691 45
2000£43,201 £570 40
1999£40,699 £547 32
1998£40,591 £538 23
1997£38,144 £489 17
1996£38,350 £510 25
1995£38,982 £425 28
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£65,0001
2023£104,000 £1,816 3
2022£90,000 £1,810 3
2021£66,000 £1,403 3
2020£68,900 £1,318 5
2019£73,625 £1,293 4
2018£70,250 £1,555 4
2017£87,000 £1,598 1
2016£108,000 £1,349 2
2015£110,000 £1,837 2
2014£43,250 £998 2
2013£31,375 £605 2
2012£52,500 £1,190 1
2011£35,000 £921 1
2010£81,500 £1,162 2
2008£110,000 £1,960 2
2007£110,187 £2,044 24
2006£90,077 £1,806 17
2005£42,000 £1,105 1
2003£39,475 £790 2
2000£27,000 £562 1
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£234,000 £2,625 2
2022£260,000 £2,610 1
2021£169,000 £2,613 1
2020£175,000 £2,519 3
2019£252,500 £2,971 2
2018£227,000 £2,297 5
2017£180,000 £1,875 1
2016£141,125 £1,758 2
2015£146,367 £1,875 6
2014£145,667 £1,903 3
2013£138,000 £2,156 1
2011£144,000 £1,645 2
2010£122,500 £2,038 2
2009£134,840 £1,397 5
2008£140,500 £1,204 2
2007£152,417 £1,588 6
2006£144,568 £1,763 14
2005£132,500 £1,271 4
2004£101,000 £902 1
2003£131,642 £1,153 6
2002£113,055 £1,105 10
2001£89,373 £1,094 26
2000£78,906 £790 8
1999£52,000 £524 3
1998£36,000 £356 1
1997£52,500 £609 2
1996£48,000 £706 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£5,000 £69 1

House Type in B71 1BJ area

The most common house types in the B71 1BJ postcode area are Semi-detached (75), Terraced (57), and Flat (22).

Total170
Semi-detached75
Terraced57
Flat22
Detached16
Shared house0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Social rented: Rents from council or Local Authority (65), and Owned: Owns with a mortgage or loan (43).

Social rented: Rents from council or Local Authority65
Owned: Owns with a mortgage or loan43
Owned: Owns outright32
Private rented: Private landlord or letting agency26
Private rented: Other private rented2
Social rented: Other social rented1
Lives rent free1
Does not apply0
Shared ownership: Shared ownership0

Number of People in a Household

The most houses in the B71 1BJ have 4 people in household (41), and 2 people in household (38).

4 people in household41
2 people in household38
3 people in household31
1 person in household28
5 people in household18
6 people in household9
7 people in household5
0 people in household0
8 or more people in household0