FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in Fazeley

Fazeley House Prices Fazeley House Prices

The average house price in Fazeley is £227,625 using HM Land Registry data.

The average property price increased by £73,457 (33.5%) over the last 5 years and increased by £14,681 (5.28%) over the last 12 months.

Over the last year, there were 75 residential property sales – a decrease of 19 transactions (-25.33%) relative to the previous year. The majority of house sales (16) were in the £160,000 - £212,000 range. Then came properties in the £212,000 - £264,000 range, where 16 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 64 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,018 (-2%).

In April 2024, there were 18 new estate agency instructions, 12 agreed home sales and 3 property price reductions.

Neighbouring Areas: Tamworth

Postcodes Covered: B78

5-Year Average Property Prices in Fazeley

33.5%

Property prices in Fazeley increased by 33.5% 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 Fazeley Over the Last Year

5.28%

Property prices in Fazeley increased by 5.28% 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 Fazeley - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 Fazeley

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 Fazeley

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 Fazeley

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 Fazeley since 1995

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

Recent Property Sales in Fazeley

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
49 George Avenue, Mile Oak, Tamworth, Staffordshire, B78 3PW£290,000£287,500-£2,50016 Nov 202318 Mar 2024123 Days
2 Chapel Drive, Mile Oak, Tamworth, Staffordshire, B78 3PX£800,000£750,000-£50,00018 Aug 202328 Feb 2024194 Days
91 Deer Park Road, Fazeley, Tamworth, Staffordshire, B78 3SZ£160,000£155,000-£5,00024 Oct 202331 Jan 202499 Days
60 Manor Road, Mile Oak, Tamworth, Staffordshire, B78 3NB£210,000£198,000-£12,00004 Jul 202319 Jan 2024199 Days
4 Somerset Close, Tamworth, Staffordshire, B78 3XH£277,500£277,500£0004 Jul 202327 Nov 2023146 Days
209 Lichfield Street, Fazeley, Tamworth, Staffordshire, B78 3QF£240,000£232,500-£7,50029 Aug 202324 Nov 202387 Days
60 Brook End, Fazeley, Tamworth, Staffordshire, B78 3RT£459,000£410,000-£49,00002 Jun 202317 Nov 2023168 Days
17 Devonshire Drive, Tamworth, Staffordshire, B78 3XZ£349,950£330,000-£19,95003 Aug 202317 Nov 2023106 Days
32 Marina View, Fazeley, Tamworth, Staffordshire, B78 3BF£139,000£133,000-£6,00019 Oct 202217 Nov 2023394 Days
51 Brookside Road, Mile Oak, Tamworth, Staffordshire, B78 3NR£172,000£172,000£0010 May 202310 Nov 2023184 Days
269 Lichfield Street, Fazeley, Tamworth, Staffordshire, B78 3QF£415,000£405,000-£10,00030 May 202324 Oct 2023147 Days
25 Marina View, Fazeley, Tamworth, Staffordshire, B78 3BF£150,000£145,000-£5,00007 Mar 202324 Oct 2023231 Days
407 Watling Street, Mile Oak, Tamworth, Staffordshire, B78 3ND£580,000£570,000-£10,00013 Mar 202306 Oct 2023207 Days
14 Somerset Close, Tamworth, Staffordshire, B78 3XH£215,000£210,000-£5,00025 May 202302 Oct 2023130 Days
24 Dama Road, Fazeley, Tamworth, Staffordshire, B78 3SU£295,000£295,000£0003 May 202328 Sep 2023148 Days
48 Sambar Road, Fazeley, Tamworth, Staffordshire, B78 3SS£240,000£235,000-£5,00016 Feb 202325 Sep 2023221 Days
12 Suffolk Way, Fazeley, Tamworth, Staffordshire, B78 3XD£225,000£219,000-£6,00008 Jun 202322 Sep 2023106 Days
Shandon, Hints Road, Mile Oak, Tamworth, Staffordshire, B78 3PQ£400,000£383,000-£17,00006 Apr 202315 Sep 2023162 Days
34 Willowbank, Tamworth, Staffordshire, B78 3LS£190,000£175,000-£15,00009 Mar 202314 Sep 2023189 Days
16 Heathcote Drive, Mile Oak, Tamworth, Staffordshire, B78 3PY£500,000£495,000-£5,00011 Apr 202301 Sep 2023143 Days

Most Expensive Streets in Fazeley

PostcodeStreetAreaAverageNo. of Sales
B78 3HYPark LaneBonehill£507,5006
B78 3PYHeathcote DriveMile Oak£452,0004
B78 3PJGainsborough DriveMile Oak£419,5416
B78 3NDWatling StreetMile Oak£398,7779
B78 3PESutton RoadMile Oak£386,5003
B78 3XRKent AvenueTamworth£383,6586
B78 3HWThe GreenBonehill£363,0008
B78 3QGLichfield StreetFazeley£357,8333
B78 3XTHereford WayFazeley£357,0005
B78 3TGMayfair DriveFazeley£353,8754

Least Expensive Streets in Fazeley

PostcodeStreetAreaAverageNo. of Sales
B78 3BFMarina ViewFazeley£133,95817
B78 3QYEvans CroftFazeley£147,1878
B78 3LSWillowbankTamworth£150,0839
B78 3EJThe LaurelsFazeley£158,00010
B78 3NNCoronation AvenueMile Oak£159,7147
B78 3JUColbourne RoadTamworth£160,4905
B78 3EHThe LaurelsFazeley£163,25012
B78 3JQLakeview AvenueTamworth£168,4005
B78 3NJAffleck AvenueMile Oak£174,3936
B78 3NRBrookside RoadMile Oak£175,6669

Explore Fazeley and Neighbouring Area House Prices

Sell Your
House Fast
Property Auctions Staffordshire
Property Auctions Staffordshire
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark