Key indicators for buyers
The B23 market is moderately favourable for buyers. Prices have softened (-12.1%), which could present a buying opportunity. Rising rents (£1,087/mo, +3.7%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Birmingham area
A home in Birmingham costs 6.1x the local median salary — moderate, improving from a peak of 6.6x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Birmingham area
Average monthly rent in Birmingham is £1,087, up 3.7% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Birmingham price of £174,120 with a 25% deposit (£44k), a 2-year fixed mortgage at 3.97% costs around £687 per month.
Monthly cost comparison based on current data
Uses B23 avg. price with Birmingham rental data
Monthly mortgage payments (£687) are £400 less than renting (£1,087). However, buying requires an upfront deposit of £44k — it would take around 4 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
APARTMENT 101, HIGHCROFT HALL, HIGHCROFT ROAD B23 6GS | Flat/Maisonette | £100,000 | 16 Jan 2026 |
50, IVYFIELD ROAD B23 7HH | Semi-detached | £209,950 | 16 Jan 2026 |
3, MARLOW ROAD B23 7DB | Terraced | £209,000 | 16 Jan 2026 |
32, FARRINGTON ROAD B23 7HT | Semi-detached | £232,500 | 16 Jan 2026 |
8, LAMBERT CLOSE B23 7AW | Terraced | £167,000 | 16 Jan 2026 |
FLAT 19, LECANVEY, 146, SUMMER ROAD, ERDINGTON B23 6DY | Flat/Maisonette | £78,000 | 15 Jan 2026 |
4, HIGHCROFT VILLAS B23 6GQ | Flat/Maisonette |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in B23 sold for £174,120 in 2026, with a median of £192,750 across 10 transactions. Prices fell 12.1% compared to the previous year.
| £221,250 |
| 14 Jan 2026 |
FLAT 21, KENDAL COURT, 2, LAKESIDE WALK B23 7YS | Flat/Maisonette | £97,000 | 9 Jan 2026 |
130, BROOMHILL ROAD B23 5AE | Terraced | £250,000 | 9 Jan 2026 |
64, HILLARIES ROAD, ERDINGTON B23 7QT | Terraced | £176,500 | 5 Jan 2026 |
165, SOUTH ROAD, ERDINGTON B23 6EN | Other | £150,000 | 19 Dec 2025 |
33, WATT ROAD B23 6EU | Terraced | £195,000 | 19 Dec 2025 |
15, WYRLEY WAY B23 7UN | Terraced | £213,000 | 19 Dec 2025 |
102, TOWER ROAD, ERDINGTON B23 6GJ | Flat/Maisonette | £121,000 | 19 Dec 2025 |
19, ST THOMAS ROAD B23 7RQ | Terraced | £165,550 | 18 Dec 2025 |
197, PERRY COMMON ROAD B23 7AE | Terraced | £170,000 | 18 Dec 2025 |
21, SOUTH ROAD, ERDINGTON B23 6EA | Terraced | £160,000 | 18 Dec 2025 |
19, ARMADA CLOSE B23 7PB | Terraced | £210,000 | 18 Dec 2025 |
72, TRIDENT CLOSE, ERDINGTON B23 5TB | Flat/Maisonette | £80,000 | 18 Dec 2025 |
352, COURT LANE B23 5LG | Semi-detached | £200,000 | 17 Dec 2025 |
The most recent recorded sale in B23 was a flat/maisonette property on Highcroft Road for £100,000 in January 2026. Across the last 20 sales, the median price was £176,500.