B16 9NE is a residential postcode situated on Melville Road, Birmingham, B16 with 24 addresses.
It ranks as the 678th largest and 465th most expensive of the 1,223 postcodes in the B16 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 24 properties: 24 flats.
B16 9NE is a residential postcode situated on Melville Road, Birmingham, B16 with 24 addresses.
It ranks as the 678th largest and 465th most expensive of the 1,223 postcodes in the B16 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 24 properties: 24 flats.
Sale prices range from £112,219 for 1 bedroom leasehold flats (430 ft2) to £164,295 for 3 bedroom leasehold flats (936 ft2) .
Monthly rental prices range from £738 pcm for 1 bed flats to £983 pcm for 3 bed flats.
The gross rental yield is between 7.2% and 7.9%.
The average value per square foot is £206.
The last sale in B16 9NE sold for £170,000 on 9th July 2024. Since then prices are down an average of 1.8%.
The current average value in the postcode is £140,429.
The B16 9NE Sales Market has increased by 16.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -6.7% | £140,429 |
| April 2025 | 0.9% | £150,443 |
| April 2024 | -0.1% | £149,052 |
| April 2023 | 0.1% | £149,170 |
| April 2022 | 5.7% | £149,017 |
| April 2021 | 5.3% | £140,991 |
| April 2020 | 1.3% | £133,881 |
| April 2019 | 0.7% | £132,198 |
| April 2018 | 5.1% | £131,344 |
| April 2017 | 3.6% | £124,957 |
| April 2016 | 7% | £120,617 |
| April 2015 | 6.2% | £112,677 |
| April 2014 | 3.1% | £106,076 |
| April 2013 | 0.6% | £102,871 |
| April 2012 | -2.6% | £102,308 |
| April 2011 | -0.5% | £105,075 |
| April 2010 | 4.6% | £105,580 |
| April 2009 | -11.5% | £100,971 |
| April 2008 | -4.2% | £114,075 |
| April 2007 | 0% | £119,051 |
The current average rental value in the postcode is £879.
The B16 9NE Rental Market has increased by 33.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.5% | £879pcm |
| April 2025 | 1.8% | £875pcm |
| April 2024 | 8.7% | £860pcm |
| April 2023 | 9.4% | £791pcm |
| April 2022 | 7.4% | £723pcm |
| April 2021 | 1.5% | £673pcm |
| April 2020 | 1.9% | £663pcm |
| April 2019 | -0.1% | £651pcm |
| April 2018 | 0.1% | £652pcm |
| April 2017 | -1.2% | £651pcm |
| April 2016 | 5.8% | £659pcm |
| April 2015 | 3.4% | £624pcm |
| April 2014 | 1.6% | £603pcm |
| April 2013 | 0.4% | £594pcm |
| April 2012 | -0.5% | £591pcm |
| April 2011 | 2.3% | £594pcm |
| April 2010 | 0% | £581pcm |
| April 2009 | -4.9% | £581pcm |
| April 2008 | 0.9% | £611pcm |
| April 2007 | 0% | £605pcm |
The last sale was on 9th July 2024 for £170,000 and since then the market in the area has decreased by 1.8%. The postcode has had a total of 18 sales since 1995.
B16 9NE has seen 1 sale in the last three years and no sales in the last twelve months.
B16 9NE is the 678th largest and the 465th most expensive postcode out of the 1,223 postcodes in the B16 area.
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The closest station to B16 9NE is Five Ways station which is 2.4 kilometres away.
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