Housing Market Analysis for MELROSE AVENUE, B71 2LW

Are you looking to understand B71 2LW 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 2LW area, explore the B71 2LW Area information page.
For comprehensive crime statistics in the B71 2LW area, explore the B71 2LW Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the B71 2LW postcode area, The average prices are as follows,

  • Terraced
    • The average price is around £221,000 median price is £205,000 Standard Deviation is £49,840 with Total Sold: 5
    • The Last 5 Year average price is £221,000 with Total Sold: 5
    • The most recent sale happened at this postcode is 8H MELROSE AVENUE: £205,000 (Sold on 30 Jun 2023)
    • The first recorded sale happened at this postcode is 8G MELROSE AVENUE: £170,000 (Sold on 06 Sep 2021)
  • Semi-Detached
    • The average price is around £152,278 median price is £193,000 Standard Deviation is £55,116 with Total Sold: 9
    • The Last 5 Year average price is £196,400 with Total Sold: 5
    • The most recent sale happened at this postcode is 7 MELROSE AVENUE: £205,000 (Sold on 23 Nov 2021)
    • The first recorded sale happened at this postcode is 4 MELROSE AVENUE: £34,000 (Sold on 27 Nov 1998)
  • Other
    • The average price is around £78,000 median price is £78,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is 8J MELROSE AVENUE: £78,000 (Sold on 24 Oct 2016)
    • The first recorded sale happened at this postcode is 8J MELROSE AVENUE: £78,000 (Sold on 24 Oct 2016)

Sold Price Trend Over the Years:

Below table and chart gives the average B71 2LW 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: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£205,000 £3,203 1
2022£225,000 £2,505 2
2021£225,000 £2,505 2
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£205,000 £2,265 1
2019£194,250 £2,428 4
2015£117,000 £1,671 1
2012£115,000 £1,271 1
2007£122,500 £1,354 1
1998£34,0001
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2016£78,000 £1,219 1

All the Sales in the MELROSE AVENUE, B71 2LW

See the table below for more details on the sold house prices in the B71 2LW, Sandwell postcode.

AddressSold DatePrice% Change
8H MELROSE AVENUETerraced, FreeholdArea: 64 Sq.mtrAge: 202130 Jun 2023£205,00020.59%
04 Mar 2022£170,000First Sale
8E MELROSE AVENUETerraced, FreeholdArea: 119 Sq.mtrAge: 202018 Feb 2022£280,000First Sale
7 MELROSE AVENUESemi-Detached, FreeholdArea: 90.49 Sq.mtrAge: 1950-196623 Nov 2021£205,00078.26%
05 Apr 2012£115,000-6.12%
17 Jul 2007£122,500First Sale
8F MELROSE AVENUETerraced, FreeholdArea: 119 Sq.mtrAge: 202012 Nov 2021£280,000First Sale
8G MELROSE AVENUETerraced, FreeholdArea: 64 Sq.mtrAge: 201306 Sep 2021£170,000First Sale
8D MELROSE AVENUESemi-Detached, FreeholdArea: 80 Sq.mtr11 Jul 2019£193,000First Sale
8A MELROSE AVENUESemi-Detached, FreeholdArea: 80 Sq.mtr31 May 2019£195,000First Sale
8B MELROSE AVENUESemi-Detached, FreeholdArea: 80 Sq.mtr09 May 2019£194,000First Sale
8C MELROSE AVENUESemi-Detached, FreeholdArea: 80 Sq.mtr30 Apr 2019£195,000First Sale
8J MELROSE AVENUEOther, FreeholdArea: 64 Sq.mtrAge: 201324 Oct 2016£78,000First Sale
3 MELROSE AVENUESemi-Detached, FreeholdArea: 70 Sq.mtrAge: 1950-196625 Sep 2015£117,000First Sale
4 MELROSE AVENUESemi-Detached, Freehold27 Nov 1998£34,000First Sale

Check out the sold house prices near the B71 2LW postcode. Properties currently for saleProperties currently for rent

MELROSE AVENUE, B71 2LW Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the B71 2LW 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 2LW postcode.

  • Detached
    • The average price is around £169,889 median price is £144,366 Standard Deviation is £80,421 with Total Sold: 74
    • The Last 5 Year average price is £220,529 with Total Sold: 15
    • The most recent sale happened at this postcode is , 297 WALSALL ROAD: £330,000 (Sold on 05 Jun 2024)
    • The first recorded sale happened at this postcode is , 128A HALL GREEN ROAD: £25,000 (Sold on 01 May 1995)
  • Flat
    • The average price is around £98,890 median price is £105,000 Standard Deviation is £18,107 with Total Sold: 98
    • The Last 5 Year average price is £98,047 with Total Sold: 21
    • The most recent sale happened at this postcode is 53, THE HEIGHTS WALSALL ROAD: £96,000 (Sold on 24 May 2024)
    • The first recorded sale happened at this postcode is , 168 WALSALL ROAD: £65,000 (Sold on 25 Nov 1998)
  • Semi-Detached
    • The average price is around £111,913 median price is £106,760 Standard Deviation is £58,586 with Total Sold: 712
    • The Last 5 Year average price is £183,998 with Total Sold: 144
    • The most recent sale happened at this postcode is , 3 CHARLEMONT ROAD: £230,000 (Sold on 22 Apr 2024)
    • The first recorded sale happened at this postcode is , 33 CALDWELL STREET: £38,000 (Sold on 06 Jan 1995)
  • Terraced
    • The average price is around £102,657 median price is £96,000 Standard Deviation is £58,644 with Total Sold: 241
    • The Last 5 Year average price is £176,704 with Total Sold: 49
    • The most recent sale happened at this postcode is , 5 SIMON CLOSE: £121,000 (Sold on 21 Mar 2024)
    • The first recorded sale happened at this postcode is , 10 NEEDWOOD GROVE: £13,530 (Sold on 27 Feb 1995)
  • Other
    • The average price is around £516,298 median price is £200,000 Standard Deviation is £1,003,099 with Total Sold: 13
    • The Last 5 Year average price is £197,000 with Total Sold: 5
    • The most recent sale happened at this postcode is , 134 WALSALL ROAD: £170,000 (Sold on 12 Apr 2023)
    • The first recorded sale happened at this postcode is 10, THE HEIGHTS WALSALL ROAD: £3,960,000 (Sold on 07 Mar 2014)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£359,0002
2022£276,663 £2,977 3
2021£185,467 £2,673 9
2020£90,750 £1,278 1
2018£181,000 £1,921 2
2016£210,779 £1,955 7
2015£220,000 £2,472 1
2014£125,000 £2,775 1
2013£124,667 £1,471 3
2012£143,500 £2,512 3
2011£150,0001
2010£130,000 £1,409 1
2009£148,000 £2,440 6
2008£207,500 £3,295 2
2007£173,749 £1,660 4
2006£179,375 £2,188 4
2005£318,333 £768 3
2004£164,500 £1,300 6
2003£114,500 £1,272 1
2002£121,975 £1,111 2
2001£119,0002
2000£92,975 £669 2
1999£74,833 £952 3
1998£81,500 £934 2
1997£72,250 £703 2
1995£25,0001
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£96,0001
2023£117,750 £2,460 4
2022£100,600 £1,671 5
2021£81,750 £1,519 2
2020£81,500 £1,399 2
2019£94,642 £1,471 7
2018£105,500 £1,655 4
2017£101,583 £1,570 12
2016£106,385 £1,633 26
2015£97,500 £1,361 1
2014£105,000 £1,576 2
2011£60,000 £1,215 2
2010£60,0001
2008£105,161 £1,782 7
2007£104,359 £1,941 16
2005£66,0002
2003£44,9501
2002£44,9752
1998£65,000 £890 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£204,250 £2,584 8
2023£207,154 £2,494 26
2022£222,537 £2,640 27
2021£173,931 £2,215 26
2020£150,982 £1,969 30
2019£163,537 £2,107 27
2018£157,350 £1,854 30
2017£132,236 £1,669 21
2016£132,500 £1,619 20
2015£131,890 £1,483 24
2014£107,392 £1,395 25
2013£110,500 £1,417 16
2012£102,766 £1,366 22
2011£104,637 £1,197 16
2010£111,251 £1,293 13
2009£123,528 £1,303 9
2008£130,245 £1,613 22
2007£119,016 £1,524 27
2006£111,850 £1,297 22
2005£110,006 £1,332 34
2004£101,530 £1,261 46
2003£95,448 £1,163 24
2002£64,908 £835 30
2001£55,035 £636 23
2000£47,483 £604 29
1999£50,079 £537 27
1998£42,208 £614 20
1997£42,983 £518 24
1996£45,209 £502 23
1995£39,481 £470 21
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£174,000 £2,640 2
2023£201,312 £2,519 8
2022£203,500 £2,452 10
2021£175,708 £2,300 12
2020£161,125 £2,080 8
2019£140,833 £1,667 9
2018£135,562 £1,645 8
2017£124,857 £1,495 7
2016£102,333 £1,463 6
2015£107,427 £1,507 11
2014£101,064 £1,094 7
2013£94,600 £974 5
2012£132,500 £2,024 2
2011£108,800 £1,355 5
2009£80,375 £928 8
2008£139,531 £1,559 7
2007£110,333 £1,420 9
2006£97,208 £1,251 12
2005£123,264 £1,608 11
2004£137,825 £1,369 6
2003£79,100 £994 10
2002£59,542 £674 13
2001£45,100 £701 5
2000£47,920 £623 5
1999£46,515 £634 10
1998£43,100 £443 14
1997£41,729 £446 12
1996£41,398 £507 11
1995£40,154 £435 8
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£185,0002
2021£175,000 £3,431 1
2020£305,0001
2019£135,0001
2018£315,000 £4,145 2
2017£275,500 £4,049 2
2016£119,000 £1,837 2
2014£2,153,938 £34,189 2

House Type in B71 2LW area

The most common house types in the B71 2LW postcode area are Semi-detached (111), Detached (9), and Terraced (9).

Total133
Semi-detached111
Detached9
Terraced9
Flat4
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 (44), and Owned: Owns with a mortgage or loan (42).

Social rented: Rents from council or Local Authority44
Owned: Owns with a mortgage or loan42
Owned: Owns outright32
Private rented: Private landlord or letting agency10
Lives rent free2
Social rented: Other social rented1
Private rented: Other private rented1
Does not apply0
Shared ownership: Shared ownership0

Number of People in a Household

The most houses in the B71 2LW have 3 people in household (38), and 2 people in household (35).

3 people in household38
2 people in household35
1 person in household21
4 people in household15
5 people in household11
6 people in household4
7 people in household3
8 or more people in household2
0 people in household0