Top 10 neighbourhoods in the West Midlands where property prices have increased in the last year

These West Midlands neighbourhoods have seen the biggest rise in property prices this year.

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A recent study held by Online Marketing Surgery and BLG Development Finance has revealed the 10 West Midlands areas that has seen the biggest increase in property values.

The 'House Price Change Report' uses data provided by the Office of National Statistics (ONS) to help rank neighbourhoods in the West Midlands by the percentage of change per house in September 2023 to September 2024.

The list helps not only helps to give a snapshot of the potential house prices for different areas, but also the neighbourhoods that are the most desirable for future homeowners overall.

Walsall North East is among the areas that saw the sharpest increases in house prices

Figures are often affected by closeness to schools and local amenities, house sizes and brackets, surrounding green land, and crime rate and frequency.

Listed are the top ten regions in the West Midlands that saw the sharpest price increase between September 2023 and September 2024:

1. Walsall North East, located in the borough of Walsall, had an average property price increase from £175,000 to £273,500, marking a 56.3% rise.

Bloxwich, in Walsall North East, was the area with the highest increase of house prices

2. Smethwick East, in the borough of Sandwell, saw prices rise from £150,000 to £190,000, an increase of 26.7%.

Smethwick East included in the list as the second area to experience the highest spike

3. Park Lane, within Wolverhampton, experienced an increase from £131,000 to £165,000, which is a 26.0% growth.

Wolverhampton's Park Lane was also included in the list

4. Metchley, part of Birmingham, had property values go up from £226,000 to £280,000, reflecting a 23.9% increase.

The Metchely area of Birmingham saw an increase

5. Stechford, also in Birmingham, witnessed an increase from £193,000 to £237,500, a 23.1% rise.

Stetchford in Birmingham saw a big increase in house prices

6. Coseley Wallbrook, situated in Dudley, saw prices rise from £187,475 to £226,000, amounting to a 20.5% increase.

The Coseley Wallbrook area of Bilston saw prices spike in the year

7. Handsworth South, another area in Birmingham, went from £162,000 to £195,000, a 20.4% increase.

Handsworth South was also included in the list

8. Walsall Wood, located in Walsall, had prices grow from £200,000 to £240,000, resulting in a 20.0% rise.

Walsall Wood was ninth in the list — Walsall Wood was eigth in the list

9. Brandwood End in Birmingham experienced an increase from £195,000 to £232,500, a growth of 19.2%.

The neighbourhoods around Brandwood End also saw a spike

10. Smethwick South East, in Sandwell, saw an increase from £175,000 to £208,500, which represents a 19.1% rise.

The Smethwick South East neighbourhood was also in the list