Housing Market Analysis for VELOCITY WAY, B98 7FX

Are you looking to understand B98 7FX 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 Redditch postcode.

For the location information and nearby amenities in the B98 7FX area, explore the B98 7FX Area information page.
For comprehensive crime statistics in the B98 7FX area, explore the B98 7FX Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the B98 7FX postcode area, The average prices are as follows,

  • Other
    • The average price is around £5,525,000 median price is £5,525,000 Standard Deviation is £0 with Total Sold: 1
    • The Last 5 Year average price is £5,525,000 with Total Sold: 1
    • The most recent sale happened at this postcode is UNIT 1 VELOCITY WAY: £5,525,000 (Sold on 22 Jan 2021)
    • The first recorded sale happened at this postcode is UNIT 1 VELOCITY WAY: £5,525,000 (Sold on 22 Jan 2021)

Sold Price Trend Over the Years:

Below table and chart gives the average B98 7FX 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: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£5,525,0001

All the Sales in the VELOCITY WAY, B98 7FX

See the table below for more details on the sold house prices in the B98 7FX, Redditch postcode.

AddressSold DatePrice% Change
UNIT 1 VELOCITY WAYOther, Leasehold22 Jan 2021£5,525,000First Sale

Check out the sold house prices near the B98 7FX postcode. Properties currently for saleProperties currently for rent

VELOCITY WAY, B98 7FX Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the B98 7FX 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 B98 7FX postcode.

  • Semi-Detached
    • The average price is around £154,148 median price is £154,000 Standard Deviation is £62,369 with Total Sold: 287
    • The Last 5 Year average price is £223,644 with Total Sold: 71
    • The most recent sale happened at this postcode is , 29 KEMBLE STREET: £172,500 (Sold on 27 Aug 2024)
    • The first recorded sale happened at this postcode is , 80 WATERY LANE: £58,000 (Sold on 10 Feb 1995)
  • Detached
    • The average price is around £186,353 median price is £170,998 Standard Deviation is £78,730 with Total Sold: 160
    • The Last 5 Year average price is £334,028 with Total Sold: 18
    • The most recent sale happened at this postcode is , 4 HOVETON CLOSE: £373,000 (Sold on 19 Aug 2024)
    • The first recorded sale happened at this postcode is , 162 STUDLEY ROAD: £115,000 (Sold on 19 Feb 1999)
  • Terraced
    • The average price is around £129,897 median price is £132,000 Standard Deviation is £52,430 with Total Sold: 113
    • The Last 5 Year average price is £195,139 with Total Sold: 18
    • The most recent sale happened at this postcode is , 7 KEMBLE STREET: £210,000 (Sold on 15 Mar 2024)
    • The first recorded sale happened at this postcode is , 34 LANDOR ROAD: £35,000 (Sold on 06 Jan 1995)
  • Other
    • The average price is around £2,123,096 median price is £155,375 Standard Deviation is £5,273,436 with Total Sold: 22
    • The Last 5 Year average price is £4,053,198 with Total Sold: 11
    • The most recent sale happened at this postcode is , UNIT 5 UPPER CROSSGATE ROAD: £525,000 (Sold on 14 Aug 2023)
    • The first recorded sale happened at this postcode is , UNIT 3 RIVERSIDE INDUSTRIAL ESTATE: £160,750 (Sold on 09 Oct 2013)
  • Flat
    • The average price is around £99,350 median price is £106,000 Standard Deviation is £32,808 with Total Sold: 5
    • The most recent sale happened at this postcode is , 12A OAKENSHAW ROAD: £106,000 (Sold on 29 Mar 2018)
    • The first recorded sale happened at this postcode is , 12 OAKENSHAW ROAD: £39,250 (Sold on 15 Nov 1996)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£230,4176
2023£262,250 £3,105 11
2022£235,955 £2,540 11
2021£223,909 £2,685 11
2020£208,231 £2,549 13
2019£202,421 £2,339 19
2018£200,429 £2,470 7
2017£180,727 £2,031 11
2016£172,345 £2,045 21
2015£160,583 £2,057 29
2014£146,500 £1,661 11
2013£150,158 £1,842 6
2012£148,993 £1,601 7
2011£136,500 £1,724 4
2010£129,300 £1,408 5
2009£134,143 £1,376 7
2008£144,375 £1,663 8
2007£171,173 £1,853 11
2006£145,667 £1,527 6
2005£143,821 £1,604 7
2004£146,375 £10,263 4
2003£118,338 £1,326 13
2002£91,632 £1,032 11
2001£59,500 £1,054 4
2000£69,745 £893 10
1999£72,453 £973 12
1998£58,625 £664 4
1997£55,678 £661 7
1996£46,625 £1,070 4
1995£48,786 £584 7
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£356,5002
2023£535,000 £4,496 1
2022£397,750 £3,363 4
2021£308,600 £2,993 5
2020£273,333 £2,877 3
2019£270,167 £2,529 3
2018£278,000 £2,106 1
2017£270,000 £2,455 1
2016£240,000 £2,143 1
2015£234,311 £2,163 8
2014£209,990 £2,063 5
2013£194,000 £1,788 2
2012£225,625 £1,842 4
2011£229,375 £1,910 4
2010£225,100 £1,913 2
2009£176,190 £1,803 5
2008£202,750 £1,838 6
2007£191,500 £1,723 4
2006£220,583 £1,736 6
2005£207,643 £1,752 7
2004£209,425 £1,578 8
2003£160,500 £1,481 3
2002£144,750 £1,315 11
2001£141,059 £1,161 27
2000£115,679 £1,076 24
1999£112,221 £1,034 13
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£210,000 £3,333 1
2023£200,000 £2,198 1
2022£219,250 £3,029 4
2021£181,667 £3,164 3
2020£152,000 £1,783 4
2019£214,500 £2,199 5
2018£200,000 £2,156 4
2017£153,500 £1,874 4
2016£159,500 £2,139 4
2015£158,136 £2,213 14
2014£149,750 £1,482 4
2013£122,500 £904 2
2012£106,500 £1,204 3
2011£92,167 £1,153 6
2010£82,500 £1,003 3
2009£130,000 £1,119 2
2008£132,3333
2007£152,467 £1,672 3
2006£121,075 £1,400 6
2005£123,000 £1,482 1
2004£127,490 £1,450 5
2003£105,233 £1,310 3
2002£91,962 £1,193 4
2001£81,490 £1,147 5
2000£74,850 £1,049 7
1999£64,650 £729 4
1998£72,950 £737 1
1997£59,1002
1995£54,000 £569 5
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£525,0001
2021£2,825,0002
2020£3,498,6365
2019£6,972,3333
2018£351,500 £16 2
2017£92,2504
2016£339,0952
2015£120,0001
2014£92,0001
2013£160,7501
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2018£115,000 £2,419 2
2016£132,500 £2,760 1
2015£95,000 £1,979 1
1996£39,250 £818 1

House Type in B98 7FX area

The most common house types in the B98 7FX postcode area are Terraced (90), Flat (34), and Semi-detached (20).

Total153
Terraced90
Flat34
Semi-detached20
Detached7
Shared house1
converted building1
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 (78), and Owned: Owns with a mortgage or loan (25).

Social rented: Rents from council or Local Authority78
Owned: Owns with a mortgage or loan25
Private rented: Private landlord or letting agency23
Owned: Owns outright20
Social rented: Other social rented4
Lives rent free3
Does not apply0
Shared ownership: Shared ownership0
Private rented: Other private rented0

Number of People in a Household

The most houses in the B98 7FX have 1 person in household (68), and 3 people in household (26).

1 person in household68
3 people in household26
4 people in household26
2 people in household19
5 people in household10
6 people in household3
7 people in household2
0 people in household0
8 or more people in household0