West Midlands

Area Guide For West Midlands

Birmingham is a city and metropolitan borough in the West Midlands of England. It is the most populous British city outside the capital London, with a population of 1,036,900 (2010 estimate), and lies at the heart of the West Midlands conurbation, the second most populous urban area in the United Kingdom with a population of 2,284,093 (2001 census). Birmingham's metropolitan area is also the United Kingdom's second most populous with a population of 3,683,000. A medium-sized market town during the medieval period, Birmingham grew to international prominence in the 18th century at the heart of the Midlands Enlightenment and subsequent Industrial Revolution, which saw the town at the forefront of worldwide developments in science, technology and economic organisation, producing a series of innovations that laid many of the foundations of modern industrial society. By 1791 it was being hailed as "the first manufacturing town in the world". Birmingham's distinctive economic profile, with thousands of small workshops practising a wide variety of specialised and highly-skilled trades, encouraged exceptional levels of creativity


West Midlands Map

Estimated Price: £196,281
Average Asking Price: £365,746
Price change in last one year: £8,506
Average Price Paid: £175,984
Average Rent Rates: £1,906


Property Prices Breakdown in West Midlands

Average Price for property in West Midlands is around £196,281 which varies based on type of property you are interested in and ranges from £320,359 for detached house to around £171,416 for semi-detached. Similarly terraced house is around £135,302 and a flat is worth £130,966. Values have been changing and have risen £169 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £761 in last 6 months, £8,506 in last 1 year, £17,600 in last 2 years, £20,215 in last 3 years, £15,677 in last 4 years and £15,009 in last 5 years.

Currently average asking price of a property in West Midlands is around £365,746 based on approximately 63,913 properties for sale. Same is the case with rental options based on 191,033 properties up for rent, average asking rent is around £1,906 per month.

Estimated property value in West Midlands is £196,281. Average asking price is £365,746 while average price paid is £182,360 which is up by £8,506 and Avg. asking rent £1,906.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in West Midlands area. In last 1 year alone average price buyer paid is around £182,360 based on approximately 63,913 sales in West Midlands area alone. If you compare it to last 3 years sales of 183,867 properties where buyers paid around £177,196. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £175,984 for 291,991 and average amount paid for purchase of approx. 396,921 properties sold in last 7 years comes to about £174,134 per sale.


Properties For Sale in West Midlands


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £141,370, £158,208 for a 2 bedroom house, £227,243 for a 3 bedroom house, £409,622 for a 4 bedroom house and £705,693 for a 5 bedroom house. For a flat similarly the prices varies from £230,222 for a single bedroom to £324,190 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £820,675, £1,712,274 for a 4 bedroom flat and £2,880,701 for a 5 bedroom flat. To sum up the asking prices for properties in West Midlands it comes to around average £215,673 for 1 bedroom property, £234,585 for 2 bedroom, £273,125 for 3 bedroom, £432,678 for 4 bedroom and £732,905 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £722 for 1 bedroom to £841 for 2 bedrooms, £1,093 for 3 bedrooms, £1,753 for 4 bedrooms and £2,500 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,173. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,661, £3,190 for 3 bedroom, £4,766 for 4 bedroom and around £5,540 for 5 bedroom flat. You should be generally be expecting around average £1,088 rent per month for single bedroom property, £1,407 for 2 bedroom, £1,713 for 3 bedroom, £2,180 for 4 bedroom and approximately £2,807 for a 5 bedroom property in West Midlands area.

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Sold Properties in West Midlands

Areas in and around West Midlands