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Lockwood Road, B31 - Complete Guide to House Prices
Explore Lockwood Road in the B31 district in Birmingham, and learn how it fits into the bigger Birmingham picture.
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Associated Postcodes:
B31 1PZ, B31 1QD, B31 1QE, ... + 1 more
What should properties fetch on Lockwood Road?
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House Prices > Birmingham > B31 > Lockwood Road
Street’s Property Overview
Quick Facts about Property Prices in Lockwood Road
- Since 2021, Lockwood Road has had 27 transactions recorded, with homes selling for an average of £193,200. The average property is 838 square feet, resulting in £219 per square foot.
- Homes sold on Lockwood Road have recorded prices from £108,000 to £295,000, with the cost per square foot varying across £120 to £332.
- The latest chapter of ownership on Lockwood Road was penned in February 2024.
Property Values vs the Vicinity
Property Costs: Lockwood Road vs Surrounding Areas
By Sector
B31 1
Real estate prices in Lockwood Road are typically 4% higher than in the B31 1 sector. (£193,200 vs £185,700). As such, a home of comparable size and specification on Lockwood Road may require an additional investment of approximately £7,500 compared to other properties in the same sector.
By District
i.e. B31
When compared, homes in the B31 district are valued roughly 7% higher than on Lockwood Road. (£207,600 vs £193,200). The price gap indicates that an equivalent property on Lockwood Road could come with a lower cost of around £14,400 compared to homes elsewhere in the same district.
By City or Town
i.e. Birmingham
Birmingham's average property prices are 43% higher than Lockwood Road's. (£277,000 vs £193,200). Therefore, a home of similar value on Lockwood Road could cost around £83,300 less than its Birmingham counterpart.
Road’s Lesser-Known Details
Valuable Useful Facts on Lockwood Road
- The road has 112 properties, sharing 4 postcodes.
- There are currently no new-build homes available on Lockwood Road.
- The existing EPC level for homes on Lockwood Road averages 60 (D), and could improve up to 83 (B).
- With floor areas averaging 838 square feet, Lockwood Road homes are consistently 4% roomier than the rest of Birmingham.
- You’re more likely to see a ‘For Sale’ sign on this street – transactions happen every 3 months, which is faster than the 6.41 months district benchmark.
City Living Insights
Useful Reads for Buyers and Sellers in Birmingham
Every city has its curveballs, and these articles don’t shy away from them. Whether you’re after value, pace or peace, you’ll find the right road faster.
Also, our Property Prices in Birmingham page gives a crystal-clear overview of how different areas and home types have performed.
Area Outings Worthwhile
B31 at a Glance
You’ll spot the latest numbers for B31’s property scene tucked in below.
444
No. of Roads
5,960
No. of Transactions
£300K
Avg. Property Price
886
per sq/ft
Avg. Property Size
£235
per sq/ft
Avg. Cost Per Sq/Ft
More Paths to Discover
Surrounding Streets to Consider
Popular Roads in B31
B31 Roads with Similar Prices
- Spinney Close
- Blue Gate Lane
- Cookes Croft
- Copse Close
- Hill Close
- Hollow Croft
Roads Near Lockwood Road
- Barnsdale Crescent
- Bell Holloway
- Bell Lane
- Bellwood Road
- Bidford Road
- Cheverton Road
