Solihull is one of the most desired places to live, not only in Birmingham, but in the whole country. In 2015, it was one of the towns outside London with the biggest house price rises. The average property in the region increased its worth by around £95 a day over the last year.
Solihull is one of the most expensive areas in Birmingham. According to Halifax, the average price of a home there in 2015 was £314,804, which means a 14.1% rise from 2014. Actually the most expensive postcode in Birmingham is Olton, which is located in Solihull. The average price for houses with a B94 5 address was over half a million pounds – £525,000 in 2015.
According to analysis by the property portal Zoopla, the rise of home prices in Solihull, which was around £95 a day over 2015, could have paid off their annual £655 train travel fare to Birmingham in a week.
Solihull was considered the second best place to live in 2015 by The UK Quality of Life Index. Last year, there was a 75% of people employed and a good ‘work-life balance’ for the full time workers of Solihull. The average income was significantly above the national average, whereas the living cost was below. All these factors and many others have made this area very attractive.
Near Solihull, there is another postcode that has had a dramatic rise in prices: Headley Heath. The average price of a home in the B38 0 postcode went up from £120,000 in 2014, to £187,000 in 2015, which is £67,000 or 56% rise, according to the figures released by the Land Registry.
In comparison, other highly desired postcodes in Birmingham such as the B15 1, near Edgbaston, and the B3 2, in Birmingham city centre, rose by a third in 2015.
If you wish to sell a home in Solihull, do not hesitate and call us on 0800 862 0870. We will get the best price for you.
Last Updated: 2016-03-16T09:11:31+00:00