B16 0RZ is a residential postcode situated on Wheatsheaf Road, Birmingham, B16 with 14 addresses.
It ranks as the 447th largest and 1215th most expensive of the 1,223 postcodes in the B16 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 14 properties: 14 houses.
B16 0RZ is a residential postcode situated on Wheatsheaf Road, Birmingham, B16 with 14 addresses.
It ranks as the 447th largest and 1215th most expensive of the 1,223 postcodes in the B16 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 14 properties: 14 houses.
Sale prices range from £214,090 for 4 bedroom freehold houses with a garden (1,323 ft2) to £595,330 for 6 bedroom freehold houses with a garden (2,335 ft2) .
Monthly rental prices range from £948 pcm for 4 bed houses to £1,277 pcm for 6 bed houses.
The gross rental yield is between 2.6% and 5.3%.
The average value per square foot is £280.
The last sale in B16 0RZ sold for £500,000 on 12th July 2017. Since then prices are up an average of 13.4%.
The current average value in the postcode is £483,119.
The B16 0RZ Sales Market has increased by 25.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -8.7% | £483,119 |
| April 2025 | -0.4% | £529,108 |
| April 2024 | -1.3% | £531,477 |
| April 2023 | 2.4% | £538,283 |
| April 2022 | 8.7% | £525,814 |
| April 2021 | 7% | £483,879 |
| April 2020 | -1.7% | £452,303 |
| April 2019 | 3.7% | £460,277 |
| April 2018 | 7.3% | £443,912 |
| April 2017 | 7.8% | £413,870 |
| April 2016 | 8.8% | £383,845 |
| April 2015 | 4.8% | £352,719 |
| April 2014 | 5.1% | £336,409 |
| April 2013 | 5.7% | £320,134 |
| April 2012 | -2.5% | £302,795 |
| April 2011 | 2.9% | £310,426 |
| April 2010 | 7% | £301,790 |
| April 2009 | -14.3% | £282,017 |
| April 2008 | -3.4% | £329,198 |
| April 2007 | 0% | £340,793 |
The current average rental value in the postcode is £1,199.
The B16 0RZ Rental Market has increased by 41.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1% | £1,199pcm |
| April 2025 | -0.1% | £1,211pcm |
| April 2024 | 8.2% | £1,212pcm |
| April 2023 | 11.6% | £1,120pcm |
| April 2022 | 10% | £1,004pcm |
| April 2021 | 1.8% | £913pcm |
| April 2020 | 1% | £897pcm |
| April 2019 | 1.5% | £887pcm |
| April 2018 | 1.2% | £874pcm |
| April 2017 | 2% | £864pcm |
| April 2016 | 8.2% | £847pcm |
| April 2015 | 4.1% | £783pcm |
| April 2014 | 2.2% | £752pcm |
| April 2013 | 5.3% | £736pcm |
| April 2012 | 0.7% | £698pcm |
| April 2011 | 3.9% | £694pcm |
| April 2010 | 1.5% | £668pcm |
| April 2009 | -3.9% | £658pcm |
| April 2008 | 1.4% | £685pcm |
| April 2007 | 0% | £675pcm |
The last sale was on 12th July 2017 for £500,000 and since then the market in the area has increased by 13.4%. The postcode has had a total of 12 sales since 1995.
B16 0RZ has seen no sales in the last three years and no sales in the last twelve months.
B16 0RZ is the 447th largest and the 1215th most expensive postcode out of the 1,223 postcodes in the B16 area.
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The closest station to B16 0RZ is Five Ways station which is 2.3 kilometres away.
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According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around B16 0RZ, 46.2% of property is privately owned outright and 33.6% is privately owned with a mortgage.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around B16 0RZ, 18.0% of residents are recorded as possessing school level qualifications and 57.7% as possessing degree level qualifications.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around B16 0RZ, the average age was 36.4 and the most common age was 22.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around B16 0RZ, 0.0% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around B16 0RZ, there are an average of 1.5 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.