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Broseley House Prices Broseley House Prices

The average house price in Broseley is £193,500 using HM Land Registry data.

The average property price increased by £81,557 (39.75%) over the last 5 years and increased by £16,300 (6.03%) over the last 12 months.

Over the last year, there were 45 residential property sales – a decrease of 31 transactions (-68.89%) relative to the previous year. The majority of house sales (14) were in the £160,000 - £214,000 range. Then came properties in the £214,000 - £268,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 82 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,456 (-2%).

In April 2024, there were 16 new estate agency instructions, 15 agreed home sales and 9 property price reductions.

Neighbouring Areas: Telford

Postcodes Covered: TF12, TF8

5-Year Average Property Prices in Broseley

39.75%

Property prices in Broseley increased by 39.75% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Broseley Over the Last Year

6.03%

Property prices in Broseley increased by 6.03% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Broseley - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Broseley

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Broseley

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Broseley

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Broseley since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Broseley area since 1995.

Recent Property Sales in Broseley

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
18 Brandywell Road, Broseley, Shropshire, TF12 5ST£190,000£187,000-£3,00026 Aug 202308 Dec 2023104 Days
Stephen Croft, Smithy Bank, Broseley, Shropshire, TF12 5ER£365,000£350,000-£15,00013 Jun 202317 Nov 2023157 Days
Thorn Hey, Benthall Lane, Benthall, Broseley, Shropshire, TF12 5RR£425,000£425,000£0003 May 202314 Nov 2023195 Days
39 Cockshutt Lane, Broseley, Shropshire, TF12 5NU£225,000£217,500-£7,50011 Aug 202301 Nov 202382 Days
31 Edinburgh Road, Broseley, Shropshire, TF12 5PF£209,950£209,950£0026 Jun 202319 Oct 2023115 Days
Overdale, The Mines, Benthall, Broseley, Shropshire, TF12 5QY£335,000£300,000-£35,00026 May 202322 Sep 2023119 Days
15 Wilkinson Avenue, Broseley, Shropshire, TF12 5DX£155,000£150,000-£5,00002 May 202307 Sep 2023128 Days
67 King Street, Broseley Wood, Broseley, Shropshire, TF12 5PR£293,950£290,000-£3,95028 Feb 202310 Aug 2023163 Days
8 Barber Street, Broseley, Shropshire, TF12 5NR£210,000£200,000-£10,00002 Mar 202312 Jul 2023132 Days
35 Blakeway Close, Broseley, Shropshire, TF12 5SS£294,950£290,000-£4,95010 Mar 202330 Jun 2023112 Days
19 Coalport Close, Broseley, Shropshire, TF12 5BF£500,000£485,000-£15,00004 Apr 202323 Jun 202380 Days
6 Brandywell Road, Broseley, Shropshire, TF12 5ST£230,000£220,000-£10,00020 Feb 202326 May 202395 Days
18 Cherrybrook Drive, Broseley, Shropshire, TF12 5SH£220,000£215,000-£5,00002 Feb 202312 May 202399 Days
6 Fielding Close, Broseley, Shropshire, TF12 5SN£450,000£440,000-£10,00012 Nov 202217 Mar 2023125 Days
38 Cockshutt Lane, Broseley, Shropshire, TF12 5NT£244,995£242,000-£2,99521 Oct 202203 Mar 2023133 Days
52 The Mines, Benthall, Broseley, Shropshire, TF12 5QY£400,000£390,000-£10,00012 May 202223 Feb 2023287 Days
47 Brandywell Road, Broseley, Shropshire, TF12 5ST£265,000£265,000£0015 Sep 202220 Feb 2023158 Days
La Chaumiere, Church Street, Broseley, Shropshire, TF12 5DA£450,000£415,000-£35,00005 Aug 202220 Feb 2023199 Days
63 Birch Meadow, Broseley, Shropshire, TF12 5LJ£200,000£183,000-£17,00008 Nov 202213 Feb 202397 Days
9 Speeds Lane, Broseley, Shropshire, TF12 5RQ£174,950£170,000-£4,95020 Oct 202227 Jan 202399 Days

Most Expensive Streets in Broseley

PostcodeStreetAreaAverageNo. of Sales
TF12 5DAChurch StreetBroseley£446,0004
TF12 5NJBarratts HillBroseley£362,3077
TF12 5PUWoodlands RoadBroseley Wood£339,0279
TF12 5QYThe MinesBenthall£316,6586
TF12 5PNKing StreetBroseley Wood£310,9836
TF12 5SPCaughley CloseBroseley£301,6503
TF12 5NECockshutt LaneBroseley£300,6663
TF12 5SSBlakeway CloseBroseley£281,2005
TF12 5DDWhitehall GardensBroseley£276,3333
TF12 5LGHaycop RiseBroseley£272,5004

Least Expensive Streets in Broseley

PostcodeStreetAreaAverageNo. of Sales
TF12 5ELThe Instones BuildingBridgnorth Road£144,9905
TF12 5NBQueen StreetBroseley£149,2254
TF12 5LNBirch MeadowBroseley£149,3905
TF12 5AARoselea CloseBroseley£149,8805
TF12 5DTBridgnorth RoadBroseley£153,6503
TF12 5PGWindsor CrescentBroseley£154,6503
TF12 5HXPark ViewBroseley£161,6663
TF12 5STBrandywell RoadBroseley£175,18111
TF12 5NZUnderwoodBroseley£184,3756
TF12 5DQBright GroveBroseley£187,2374

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