Housing Market Analysis for SHROPSHIRE WAY, B71 1BZ

Are you looking to understand B71 1BZ 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 1BZ area, explore the B71 1BZ Area information page.
For comprehensive crime statistics in the B71 1BZ area, explore the B71 1BZ Crime Rates page.

Overview of Sold House prices

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

  • Flat
    • The average price is around £107,302 median price is £106,240 Standard Deviation is £15,356 with Total Sold: 9
    • The Last 5 Year average price is £102,833 with Total Sold: 3
    • The most recent sale happened at this postcode is APARTMENT 3, RIDGEACRE HOUSE SHROPSHIRE WAY: £131,000 (Sold on 22 Sep 2023)
    • The first recorded sale happened at this postcode is APARTMENT 3, RIDGEACRE HOUSE SHROPSHIRE WAY: £106,240 (Sold on 23 Mar 2007)

Sold Price Trend Over the Years:

Below table and chart gives the average B71 1BZ 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£131,000 £1,701 1
2020£80,000 £1,269 1
2019£97,500 £1,266 1
2016£91,000 £1,276 1
2015£110,000 £1,745 1
2007£114,055 £1,629 4

All the Sales in the SHROPSHIRE WAY, B71 1BZ

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

AddressSold DatePrice% Change
APARTMENT 3, RIDGEACRE HOUSE SHROPSHIRE WAYFlat, LeaseholdArea: 77 Sq.mtrAge: 2003-200622 Sep 2023£131,00034.36%
12 Dec 2019£97,500-8.23%
23 Mar 2007£106,240First Sale
APARTMENT 1, RIDGEACRE HOUSE SHROPSHIRE WAYFlat, LeaseholdArea: 63.04 Sq.mtrAge: 2003-200614 Aug 2020£80,000-27.27%
13 May 2015£110,0003.54%
23 Mar 2007£106,240First Sale
APARTMENT 2, RIDGEACRE HOUSE SHROPSHIRE WAYFlat, LeaseholdArea: 71.34 Sq.mtrAge: 2003-200611 Mar 2016£91,000-23.37%
23 Mar 2007£118,745First Sale
APARTMENT 4, RIDGEACRE HOUSE SHROPSHIRE WAYFlat, LeaseholdArea: 70 Sq.mtrAge: 2003-200630 Mar 2007£124,995First Sale

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

SHROPSHIRE WAY, B71 1BZ Near By properties

Interactive Map

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

  • Terraced
    • The average price is around £107,323 median price is £103,000 Standard Deviation is £50,497 with Total Sold: 343
    • The Last 5 Year average price is £170,560 with Total Sold: 63
    • 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 £104,448 median price is £101,975 Standard Deviation is £52,583 with Total Sold: 854
    • The Last 5 Year average price is £174,577 with Total Sold: 168
    • 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 £88,272 median price is £87,000 Standard Deviation is £24,695 with Total Sold: 79
    • The Last 5 Year average price is £79,028 with Total Sold: 18
    • 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 , 5 HEREFORD PLACE: £37,950 (Sold on 11 Apr 2003)
  • Detached
    • The average price is around £128,917 median price is £128,200 Standard Deviation is £52,504 with Total Sold: 115
    • The Last 5 Year average price is £219,000 with Total Sold: 8
    • 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 £56,498 median price is £56,498 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is , 31 RYDDING LANE: £56,498 (Sold on 11 May 2018)
    • The first recorded sale happened at this postcode is , 31 RYDDING LANE: £56,498 (Sold on 11 May 2018)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£209,357 £2,816 7
2023£221,357 £2,659 7
2022£179,900 £2,351 10
2021£165,893 £2,117 14
2020£137,892 £1,815 13
2019£151,346 £1,976 12
2018£158,654 £1,910 13
2017£125,214 £1,653 14
2016£124,325 £1,637 10
2015£106,192 £1,287 13
2014£139,545 £1,440 10
2013£104,000 £1,508 3
2012£93,166 £1,132 6
2011£96,612 £1,282 13
2010£107,995 £1,246 10
2009£93,500 £1,096 6
2008£125,143 £1,401 7
2007£114,200 £1,512 15
2006£105,602 £1,402 23
2005£97,714 £1,228 14
2004£86,653 £1,169 15
2003£85,705 £1,196 18
2002£78,948 £985 30
2001£65,979 £889 19
2000£45,223 £612 11
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£200,467 £2,510 15
2023£202,194 £2,562 25
2022£191,717 £2,339 35
2021£173,938 £2,202 40
2020£140,396 £1,841 24
2019£145,860 £1,812 29
2018£132,403 £1,729 31
2017£131,361 £1,708 22
2016£126,404 £1,535 26
2015£109,617 £1,396 30
2014£103,667 £1,316 23
2013£96,175 £1,180 24
2012£94,900 £1,155 15
2011£102,261 £1,253 23
2010£89,425 £1,162 20
2009£101,111 £1,304 17
2008£127,570 £1,264 23
2007£112,635 £1,460 38
2006£111,377 £1,397 45
2005£104,170 £1,262 37
2004£100,359 £1,272 41
2003£83,434 £966 37
2002£66,517 £857 46
2001£50,293 £683 38
2000£43,125 £590 37
1999£40,495 £540 31
1998£40,455 £539 20
1997£38,762 £492 13
1996£37,909 £495 22
1995£39,778 £423 27
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£70,750 £1,334 4
2019£73,625 £1,293 4
2018£70,250 £1,555 4
2017£87,000 £1,598 1
2016£91,000 £1,276 1
2015£110,000 £1,837 2
2014£42,000 £1,105 1
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
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 £2,472 2
2019£252,500 £2,971 2
2018£227,000 £2,297 5
2017£168,750 £1,803 2
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£120,000 £1,651 3
2009£138,550 £1,419 4
2008£140,500 £1,204 2
2007£152,417 £1,588 6
2006£144,568 £1,763 14
2005£134,667 £1,271 3
2003£131,642 £1,153 6
2002£113,055 £1,105 10
2001£90,148 £1,094 25
2000£78,906 £790 8
1999£45,500 £511 1
1998£36,000 £356 1
1997£52,500 £609 2
1996£48,000 £706 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2018£56,498 £869 1

House Type in B71 1BZ area

The most common house types in the B71 1BZ postcode area are Semi-detached (84), Terraced (38), and Flat (13).

Total149
Semi-detached84
Terraced38
Flat13
Detached7
commercial building5
Shared house2
converted building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (56), and Owned: Owns outright (51).

Owned: Owns with a mortgage or loan56
Owned: Owns outright51
Private rented: Private landlord or letting agency21
Social rented: Rents from council or Local Authority14
Social rented: Other social rented1
Private rented: Other private rented1
Lives rent free1
Does not apply0
Shared ownership: Shared ownership0

Number of People in a Household

The most houses in the B71 1BZ have 1 person in household (46), and 2 people in household (38).

1 person in household46
2 people in household38
4 people in household25
3 people in household22
5 people in household10
6 people in household4
0 people in household0
7 people in household0
8 or more people in household0