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House Prices on Melville Road, B16 - What You Need to Know
This page provides essential insights into Melville Road in Birmingham, highlighting how it measures up to the rest of the area and Birmingham overall.
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Associated Postcodes:
B16 9JR, B16 9JT, B16 9LN, ... + 4 more
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House Prices > Birmingham > B16 > Melville Road
Street’s Market Snapshot
The Pricing Breakdown for Melville Road
- Since 2021, 32 houses have been sold on Melville Road, each averaging a price of £222,600. These homes generally measure 851 square feet, costing £217 per square foot.
- Houses on Melville Road have been sold within a price range of £90,000 to £847,000, while per-square-foot costs have varied from £155 to £427.
- The last step on the sold staircase for Melville Road was in November 2024.
Property Costs in Context
Property Costs: Melville Road vs Surrounding Areas
By Sector
B16 9
Comparative figures show Melville Road homes fall 12% short of the sector's average price. (£250,400 vs £222,600). Therefore, securing a similar property on Melville Road could mean saving about £27,800.
By District
i.e. B16
Property costs on Melville Road are 6% lower than the B16 district, based on market averages. (£222,600 vs £236,400). Given these statistics, a home elsewhere in the district might carry an additional cost of £13,800 compared to Melville Road.
By City or Town
i.e. Birmingham
Think smart: Melville Road delivers the postcode perks at a 24% lower cost than Birmingham. (£222,600 vs £277,000). This illustrates that buying on Melville Road could result in a reduction of around £53,900 compared to Birmingham.
Road Highlights Uncovered
More In-Depth Data About Melville Road
- This street comprises 188 properties, with 7 postcodes associated with it.
- Melville Road is composed solely of pre-existing homes, with no newly built dwellings included.
- Properties on Melville Road currently hold an average EPC of 63 (D), with the option to rise to 73 (C).
- A typical property on Melville Road provides 851 square feet of living space, standing at 2% more than what’s typical in Birmingham.
- Homes here shift hands roughly every 3 months, moving faster than the usual 6.57 months rhythm in B16.
Local Property Primer
Local Market Insights for Birmingham
In a city like Birmingham, where detailed market analysis is rare, we’ve chosen to focus on what matters – property worth and selling speed.
Also, check the House Prices in Birmingham page for stats, and swing by the Birmingham blog for guides on where to buy and why.
District Gems to Find
Exploring B16: A Local Snapshot
B16 encourages reflection amid its contrasting facades. Victorian homes stand shoulder to shoulder with modern builds, narrating tales of a time when whispers of industry and innovation surged through Birmingham. The district tingles with a sense of history, making one ponder progress, community bonds, and the unmistakable passage of time. *In B16, past and future embrace gracefully, entwining their tales.*
143
No. of Roads
1,871
No. of Transactions
£300K
Avg. Property Price
917
per sq/ft
Avg. Property Size
£282
per sq/ft
Avg. Cost Per Sq/Ft
Streets to Spotlight
Roads in the Vicinity to Know
Popular Roads in B16
B16 Roads with Similar Prices
- Newnham Road
- Ladycroft
- Wimbourne Road
- Barford Road
- Lyttelton Road
- Canal Square
