Bee Local - Sell Your Local Produce for Free, No Fees

Area Overview

### **Comprehensive Overview: B1 1FZ Postcode Area (Birmingham, UK) – 2024–2025** --- #### **1. PROPERTY MARKET** - **Average House Price (2024–2025):** - **B1 1FZ (Birmingham City Centre, Eastside):** - **Average sold price (2024):** £250,000–£280,000 - **1-bedroom apartments:** £180,000–£220,000 - **2-bedroom apartments:** £240,000–£290,000 - **3-bedroom apartments:** £320,000–£380,000 - *Source: Rightmove, Zoopla, HM Land Registry (Q3 2024)* - **Recent Price Trends:** - **Annual price change (2024):** +3. 2% (slight growth, below national average) - **5-year trend:** +18% (2019–2024), reflecting strong demand for city centre living - **Rental market:** - 1-bed apartment: £950–£1,200/month - 2-bed apartment: £1,200–£1,600/month - *Rents up 6% year-on-year (2024)* - **Property Types Available:** - Predominantly **modern apartments** (converted and new-build), especially in developments like **The Axium, The Mercian, and The Cube** - Some **studio flats, penthouses, and luxury apartments** - Limited traditional houses (mostly in adjacent areas) - **Market Activity:** - **Sales volume:** 120–150 transactions per year (2024) - **Days on market:** 35–50 days (faster than regional average) - **Buyer profile:** Young professionals, investors, students, and some downsizers --- #### **2

Local Producers

4

Region

West Midlands

Area Type

Trendy

Area Character & Lifestyle

Trendy Area

### **Comprehensive Overview: B1 1FZ Postcode Area (Birmingham, UK) – 2024–2025** --- #### **1. PROPERTY MARKET** - **Average House Price (2024–2025):** - **B1 1FZ (Birmingham City Centre, Eastside):** - **Average sold price (2024):** £250,000–£280,000 - **1-bedroom apartments:** £180,000–£220,000 - **2-bedroom apartments:** £240,000–£290,000 - **3-bedroom apartments:** £320,000–£380,000 - *Source: Rightmove, Zoopla, HM Land Registry (Q3 2024)* - **Recent Price Trends:** - **Annual price change (2024):** +3. 2% (slight growth, below national average) - **5-year trend:** +18% (2019–2024), reflecting strong demand for city centre living - **Rental market:** - 1-bed apartment: £950–£1,200/month - 2-bed apartment: £1,200–£1,600/month - *Rents up 6% year-on-year (2024)* - **Property Types Available:** - Predominantly **modern apartments** (converted and new-build), especially in developments like **The Axium, The Mercian, and The Cube** - Some **studio flats, penthouses, and luxury apartments** - Limited traditional houses (mostly in adjacent areas) - **Market Activity:** - **Sales volume:** 120–150 transactions per year (2024) - **Days on market:** 35–50 days (faster than regional average) - **Buyer profile:** Young professionals, investors, students, and some downsizers --- #### **2