Summer Housing Market Report: West Midlands
Moving Forward
Key Statistics
In the West Midlands region, the average property price is £693,912 which represents a notable 10.3 percent annual change. The premium price threshold in West Midlands is £525,000, which means that the top five percent of sales in the region were above this figure. Over the last 12 months the average price per square foot has been around £335. The total value of sales over the past year has been £1.99 billion with 255 sales at or over £1 million.
The West Midlands Premium Market
Prime property price growth in the West Midlands has been strengthening over recent months, increasing the most in Hereford by 24 percent, 15 percent in Coventry, 12 percent in Stoke-On-Trent and 10 percent in Worcester. The average price for a prime market property exceeds £500,000 in six areas of the region, prices in Hereford and Birmingham topping £700,000.
Click here to read the full F&C Spring Housing Market Report: West Midlands
Sam Funnell, Branch Partner at Fine & Country Rugby, comments on the region:
"The market is the busiest that I can recall in 25 years in the industry. Each of our new listings are benefiting from multiple viewings with First-Day Viewing Events proving extremely popular. The Warwickshire, Northamptonshire and Leicestershire region is proving very popular with buyers from the South East joining the so-called ‘race for space’ with gardens, views and period homes in high demand. Luckily, the region is blessed with some outstanding schools in both the state and private sector, which has helped fuel the local market. With the end of June in sight and the inevitable end to the stamp duty relief, the market shows no signs of slowing down with demand outstripping supply in all sectors of the premium market. Our innovative use of video on every listing is also helping qualify our buyers quickly and efficiently and essentially easing the viewing numbers in each listing, which has been fantastic for Fine & Country sellers."
Properties for sale in the West Midlands region
Offchurch, Warwickshire, 10 bedrooms
Located in the desirable village of Offchurch, a five-minute drive from the town centre and a short walk into the stunning Warwickshire countryside, this substantial residence is home to ten bedrooms, seven reception rooms, a gym, a separate home office and a two-bedroom cottage. Set in 8.6 acres of wonderful, landscaped gardens and grounds, there is an outdoor pool, a refurbished tennis court, garaging, stables, a yard and a paddock.
Hoarwithy, Herefordshire, 5 bedrooms
Nestling in its own beautiful, small valley within around 16 acres is this exquisite equestrian estate, close to the River Wye and the riverside village of Hoarwithy. Remodelled and extended to an extraordinary standard, this is a wonderful five-bedroom family home and a thriving B&B business with two of the five bedrooms in an attached annexe. There are modern stables, a large barn, an all-weather school and valuable pastures.
Sutton Coldfield, West Midlands, 7 bedrooms
Gainsborough House is an imposing, detached Arts and Crafts style residence, built in the late 1920s on a substantial plot of 1.5 acres. While this is not a listed property, it is one of the original houses built to form the exclusive and private residential estate of Four Oaks Park and boasts an abundance of original features.
Contact us
Looking to sell your home with experts in premium property? Get in touch with your local Fine & Country agent today.
1st Jun 2021
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