Birmingham house prices are expected to rise more than any UK city - but where are the current property hotspots?
Birmingham. You know the place. Britain’s second city with a population of around 1.1 million*. Birmingham hasn’t had an easy time over the years - it has been publicly mocked for the 'ugly' Bull Ring shopping centre and infamous Spaghetti Junction. Over the last 10 years though, the region has been completely revitalised and big infrastructure projects now promise smoother commuting, such as HS2. For this reason, both house prices and rents here have increased dramatically, which is brilliant news for homeowners here.
These are the regions in and around Birmingham with the fastest-growing house price rises and the hottest property markets, where families and investors alike are piling in. Take a look…
Edgbaston
One of the wealthiest areas of Birmingham, Edgbaston has so much to offer its residents. Just a ten-minute drive from the bustling city centre, you’ll find charming tree-lined streets, Georgian architecture, and the peace and tranquillity of neighbourhood gardens.The majority of sales in Edgbaston during the last year were flats, selling for an average price of £209,234. Terraced properties sold for even more - an average of £306,316. Those of you who own detached properties in Edgbaston will be pleased to know that the average sold price for these types of homes was £804,863 in 2021. Why not see if you’re sitting on a goldmine? You can grab a free valuation here.
Solihull
What a dream. Located in the heart of England, Solihull is the gateway to the rest of the Midlands and offers a little something for everyone. In the centre, you’ll find heritage timber framed Tudor style houses and a huge array of cafes and shops. The majority of sales in Solihull over the last year were actually semi-detached properties, selling for an average price of £316,804. Detached properties sold for a whopping average of £594,802, with terraced properties fetching £250,686. Overall, house prices in Solihull in 2021 were 7% up on 2020 and 16% up on the 2019 peak of £319,366. If you’re thinking of selling in Solihull, now is a great time to do it.
Birmingham Centre
With its strong industrial heritage and ever evolving skyline, Birmingham attracts buyers from all walks of life. Properties here had an overall average price of £238,581 over the last year. The majority of sales in Birmingham during 2021 were semi-detached properties, selling for an average price of £242,946. House prices in Birmingham last year were actually 9% up on 2020 and 17% up on the 2019 peak of £203,346. That means if you bought in 2019, you could have made 17% on your property, just by sitting on it! Ready to see how much you made on your property?
