Housing Market Analysis for SOMERSET ROAD, B71 1HN

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

Overview of Sold House prices

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

  • Semi-Detached
    • The average price is around £167,700 median price is £153,500 Standard Deviation is £51,472 with Total Sold: 5
    • The Last 5 Year average price is £201,833 with Total Sold: 3
    • The most recent sale happened at this postcode is 5 SOMERSET ROAD: £153,500 (Sold on 22 Mar 2024)
    • The first recorded sale happened at this postcode is 5 SOMERSET ROAD: £212,000 (Sold on 13 Jun 2024)

Sold Price Trend Over the Years:

Below table and chart gives the average B71 1HN 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
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£182,7502
2023£240,000 £2,892 1
2011£134,000 £1,544 1
2009£99,000 £1,141 1

All the Sales in the SOMERSET ROAD, B71 1HN

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

AddressSold DatePrice% Change
5 SOMERSET ROADSemi-Detached, Freehold22 Mar 2024£153,500-27.59%
13 Jun 2024£212,000First Sale
1 SOMERSET ROADSemi-Detached, FreeholdArea: 83 Sq.mtrAge: 1950-196627 Jan 2023£240,000First Sale
3 SOMERSET ROADSemi-Detached, FreeholdArea: 86.78 Sq.mtrAge: 1950-196614 Oct 2011£134,00035.35%
07 Aug 2009£99,000First Sale

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

SOMERSET ROAD, B71 1HN Near By properties

Interactive Map

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

  • Terraced
    • The average price is around £99,729 median price is £95,000 Standard Deviation is £49,610 with Total Sold: 636
    • The Last 5 Year average price is £159,697 with Total Sold: 98
    • 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 , 27 CHARTLEY ROAD: £44,000 (Sold on 06 Jan 1995)
  • Semi-Detached
    • The average price is around £114,392 median price is £108,000 Standard Deviation is £60,612 with Total Sold: 642
    • The Last 5 Year average price is £191,775 with Total Sold: 120
    • 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 , 100 BEXLEY GROVE: £53,800 (Sold on 01 Mar 1995)
  • Flat
    • The average price is around £95,459 median price is £95,000 Standard Deviation is £30,412 with Total Sold: 240
    • The Last 5 Year average price is £98,062 with Total Sold: 49
    • The most recent sale happened at this postcode is 18, HOBART POINT CHURCHFIELDS WAY: £108,000 (Sold on 24 Apr 2024)
    • The first recorded sale happened at this postcode is , 10 OVERTON PLACE: £32,500 (Sold on 29 Jul 1996)
  • Detached
    • The average price is around £142,593 median price is £133,725 Standard Deviation is £53,018 with Total Sold: 148
    • The Last 5 Year average price is £248,800 with Total Sold: 10
    • The most recent sale happened at this postcode is , 8 BANK STREET: £206,500 (Sold on 31 Jan 2024)
    • The first recorded sale happened at this postcode is , 35 HEATH LANE: £56,000 (Sold on 17 Mar 1995)
  • Other
    • The average price is around £500,072 median price is £309,000 Standard Deviation is £557,055 with Total Sold: 8
    • The Last 5 Year average price is £521,500 with Total Sold: 6
    • 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 , 109 ALL SAINTS WAY: £796,576 (Sold on 14 Sep 2018)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£187,700 £2,816 5
2023£190,000 £2,282 10
2022£170,804 £2,162 21
2021£167,760 £2,111 25
2020£127,626 £1,761 19
2019£144,778 £1,796 18
2018£136,643 £1,598 14
2017£118,387 £1,561 13
2016£113,703 £1,467 17
2015£102,036 £1,274 14
2014£102,472 £1,325 18
2013£95,882 £1,279 17
2012£97,615 £1,228 13
2011£103,577 £1,198 13
2010£99,786 £1,193 14
2009£114,749 £1,354 16
2008£130,492 £1,676 18
2007£139,323 £1,747 61
2006£107,742 £1,446 27
2005£101,730 £1,363 23
2004£90,246 £1,153 36
2003£77,622 £1,055 29
2002£67,618 £826 40
2001£63,338 £858 30
2000£53,311 £689 39
1999£43,064 £522 22
1998£36,628 £467 14
1997£41,950 £530 13
1996£37,769 £483 18
1995£35,539 £484 19
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£214,562 £2,550 8
2023£237,409 £2,674 22
2022£194,724 £2,305 29
2021£180,688 £2,131 24
2020£174,506 £2,085 17
2019£156,168 £1,677 20
2018£150,867 £1,791 15
2017£140,883 £1,711 30
2016£143,467 £1,697 15
2015£131,350 £1,372 20
2014£122,453 £1,465 17
2013£98,550 £1,226 16
2012£118,682 £1,245 19
2011£105,750 £1,255 16
2010£108,626 £1,178 19
2009£114,700 £1,325 20
2008£126,395 £1,307 18
2007£129,833 £1,537 39
2006£120,459 £1,476 27
2005£107,331 £1,276 21
2004£102,031 £1,201 26
2003£83,298 £1,018 25
2002£76,109 £912 29
2001£62,561 £795 30
2000£57,537 £662 29
1999£39,689 £479 21
1998£46,253 £541 14
1997£42,436 £497 22
1996£46,967 £529 18
1995£37,622 £410 16
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£111,900 £1,739 5
2023£122,750 £2,001 4
2022£106,015 £1,936 13
2021£89,667 £1,672 12
2020£92,250 £1,557 4
2019£84,668 £1,542 11
2018£87,500 £1,628 10
2017£91,417 £1,684 6
2016£94,938 £1,717 8
2015£132,500 £1,563 3
2014£102,429 £1,771 7
2013£107,155 £1,923 21
2012£105,041 £1,995 17
2011£106,250 £1,852 12
2010£68,292 £1,090 6
2009£55,000 £1,100 1
2008£77,510 £1,477 5
2007£113,625 £2,120 52
2006£88,016 £1,774 20
2005£65,125 £1,165 4
2004£67,150 £1,184 3
2003£59,950 £1,052 1
2002£36,4752
2001£32,750 £653 2
2000£35,725 £564 2
1999£27,708 £482 3
1998£23,500 £382 2
1996£28,375 £525 4
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£206,500 £2,347 1
2023£300,000 £3,333 1
2022£129,500 £2,056 1
2021£259,500 £2,785 4
2020£271,333 £2,471 3
2018£247,667 £2,539 3
2017£180,000 £1,875 1
2016£199,438 £1,976 4
2015£137,500 £1,223 2
2014£180,000 £1,790 2
2013£171,667 £1,465 3
2012£149,000 £1,322 1
2011£146,000 £1,796 3
2010£173,150 £1,957 3
2009£150,999 £1,635 9
2008£139,9951
2007£169,497 £2,006 9
2006£161,936 £1,673 8
2005£153,800 £1,599 5
2004£151,000 £1,405 3
2003£142,280 £1,295 5
2002£125,698 £1,172 28
2001£117,472 £1,059 16
2000£110,901 £1,130 21
1999£55,750 £790 2
1998£66,817 £356 3
1997£60,0002
1996£56,4333
1995£56,000 £497 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£6,500 £69 2
2020£1,249,000 £10,585 2
2019£309,000 £1,422 2
2018£435,788 £1,000 2

House Type in B71 1HN area

The most common house types in the B71 1HN postcode area are Semi-detached (65), Flat (59), and Terraced (51).

Total195
Semi-detached65
Flat59
Terraced51
Detached18
commercial building2
Shared house0
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 (49), and Private rented: Private landlord or letting agency (46).

Owned: Owns with a mortgage or loan49
Private rented: Private landlord or letting agency46
Owned: Owns outright41
Social rented: Rents from council or Local Authority33
Social rented: Other social rented15
Private rented: Other private rented9
Shared ownership: Shared ownership1
Lives rent free1
Does not apply0

Number of People in a Household

The most houses in the B71 1HN have 1 person in household (66), and 2 people in household (55).

1 person in household66
2 people in household55
3 people in household31
4 people in household25
5 people in household13
6 people in household4
0 people in household0
7 people in household0
8 or more people in household0