Property Value in B17 9RP
Current value estimates
House and flat value estimates, calculated by adjusting the last sale price for recent house value changes
Address | last sold | price paid | VALUE ESTIMATE |
|---|---|---|---|
3a, Lordswood Road | Feb 1, 2019 | £215,000 | £253,000 ± £14K |
3c, Lordswood Road | Sep 3, 2021 | £207,500 | £223,000 ± £8K |
3f, Lordswood Road | Aug 7, 2020 | £222,500 | £258,000 ± £13K |
5e, Lordswood Road | Jun 23, 2003 | £212,457 | £442,000 ± £76K |
5h, Lordswood Road | Nov 27, 2019 | £240,000 | £284,000 ± £16K |
The average property value in B17 9RP is £298,000 plus or minus £35,000. In the UK, the average house value is £281,000.
The average property size in B17 9RP is 809 square feet or 75 square metres of indoor floor space. The average cost per square foot in B17 9RP is £368 or £3,964 per square metre. In the UK, the average property has 950 square feet or 88 square metres of indoor floor space.
Property value trends
House value trends in B17 9RP, estimated using average price growth in Birmingham. Compare trends in house values and cost per square foot with the UK average
Average value by property type
Breakdown of the different types of property in B17 9RP, including average value for different houses types and flats
| Property type | Count | Percentage | Average value |
|---|---|---|---|
Flat | 30 | 97% | £300,000 |
Detached house | 1 | 3% | £248,000 |
The most expensive properties in B17 9RP are flats and the cheapest are detached houses. The average flat costs £52,000 more than the average detached house.
Frequently Asked Questions
The current value of each house or flat is calculated by taking the last sale price and adjusting it up or down to reflect movements in property prices since the last sale occurred.
We use the local authority House Price Index to adjust property sale prices in a postcode so that local trends in house prices are reflected. This is important as some areas differ significantly from the broader national average.
We report error bands for each property value estimate (e.g. £200,000 ± £30k) to show that estimating property value using this method can be imprecise, particularly when significant time has passed since the last sale. In some cases, historic price changes for a postcode may not be well reflected by the local House Price Index, and any changes made to a property's fixtures or fittings since the last sale will not be reflected in the estimate. If you need an accurate property valuation you should speak to a suitably qualified surveyor.
Property value error bands are set so that a majority of prices fall within the predicted range and equal 10% of the total change in valuation due to movements in house price indexes, plus 2.5% of the final estimate and an additional 0.5% for every year between the last sale and today.
Property values provided on this page are estimates and for information purposes only.
We can only include properties that have been sold for value since 1995 and lodged with HM Land Registry. In addition, certain property transactions are not reported, such as:
- Sale of part or a share of a property
- Right-to-buy property transactions
- Transfers following divorce or by way of gift or exchange
- Transfers under Compulsory Purchase Order or by Court Order
- Transfers of more than one property as part of a portfolio
- First registration of leases for 7 years or less
- Transactions valued below £100
We use HM Land Registry records for House Price Indexing and historic property transaction data, and the government's Energy Performance Certificate service for property size data.
HM Land Registry records the true sale price for UK properties and makes the data available back to 1995.
Energy performance certificates are required whenever a property is built sold or rented, and are valid for 10 years.
There is a delay in HM Land Registry House Price Index data being published which leads to the value estimates being one or two months out of date. Currently, the Birmingham and United Kingdom House Price Indices are published up to
A House Price Index measures the price changes of residential housing over time.
We use House Price Indexes that are based on sales data from HM Land Registry and are calculated by the Office for National Statistics. The indices apply a statistical method, called a hedonic regression model, to the various sources of data on property price and attributes to produce estimates of the change in house prices each month.
Although called a House Price Index, all property types are included in the calculation (detached houses, semi-detached houses, terraced houses, and flats). Often the term 'house' is used in place of 'property' due to it being more commonly used.
The most granular available House Price Index data is for local authorities. Using average price movements for each postcode would be too volatile, as typically there are a few transactions each month.
In some local authorities, a lower transaction count can lead to volatility in the estimates. Areas with a low number of sales transactions should be analysed in the context of their longer-term trends rather than focusing on monthly movements.