Melrose Avenue - B71 2LW
Key Postcode Insights
B71 2LW is a residential postcode situated on Melrose Avenue, West Bromwich, B71 with 19 addresses.
It ranks as the 782nd largest and 1001st most expensive of the 1,372 postcodes in the B71 area. The most common property type is a modern house built after 1980.
The postcode contains a total of 19 properties: 19 houses.
- Ave. Sale Price
- £242,337
- 10 Year change
- up 65.4%
- Ave. Rental Price
- £1,309pcm
- 10 Year change
- up 69.0%
- Ave. £ per ft²
- £285/ft²
- Ave. Gross Yield
- 6.5%/year/yr
Key Postcode Insights
B71 2LW is a residential postcode situated on Melrose Avenue, West Bromwich, B71 with 19 addresses.
It ranks as the 782nd largest and 1001st most expensive of the 1,372 postcodes in the B71 area. The most common property type is a modern house built after 1980.
The postcode contains a total of 19 properties: 19 houses.
- Ave. Sale Price
- £242,337
- 10 Year change
- up 65.4%
- Ave. Rental Price
- £1,309pcm
- 10 Year change
- up 69.0%
- Ave. £ per ft²
- £285/ft²
- Ave. Gross Yield
- 6.5%/year/yr
Explore Propertiesin B71 2LW
- 8J Melrose Avenue
3 Bed Modern House
- 1 Melrose Avenue
3 Bed Early-century House
- 2 Melrose Avenue
Unknown
- 3 Melrose Avenue
3 Bed Mid-century House
- 4 Melrose Avenue
Unknown
Sales Market Trends
The last sale in B71 2LW sold for £205,000 on 30th June 2023. Since then prices are up an average of 6.5%.
The current average value in the postcode is £242,337.
The B71 2LW Sales Market has increased by 65.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.3% | £242,337 |
| June 2025 | 2.1% | £243,115 |
| June 2024 | 2.6% | £238,019 |
| June 2023 | 2.9% | £231,946 |
| June 2022 | 12% | £225,481 |
| June 2021 | 9.3% | £201,249 |
| June 2020 | 4.7% | £184,198 |
| June 2019 | 5.4% | £175,909 |
| June 2018 | 6.7% | £166,837 |
| June 2017 | 6.7% | £156,325 |
| June 2016 | 5.7% | £146,549 |
| June 2015 | 5.8% | £138,700 |
| June 2014 | 1.7% | £131,152 |
| June 2013 | 2.2% | £128,909 |
| June 2012 | 0.2% | £126,126 |
| June 2011 | -2.3% | £125,895 |
| June 2010 | 3.9% | £128,895 |
| June 2009 | -9.8% | £124,063 |
| June 2008 | -2.5% | £137,560 |
| June 2007 | 0% | £141,111 |
Rental Market Trends
The current average rental value in the postcode is £1,309.
The B71 2LW Rental Market has increased by 69.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0.9% | £1,309pcm |
| June 2025 | 4.2% | £1,296pcm |
| June 2024 | 11.9% | £1,244pcm |
| June 2023 | 10.3% | £1,112pcm |
| June 2022 | 6.4% | £1,008pcm |
| June 2021 | 8.7% | £947pcm |
| June 2020 | 2.1% | £871pcm |
| June 2019 | 2.8% | £853pcm |
| June 2018 | 2.5% | £829pcm |
| June 2017 | 4.5% | £809pcm |
| June 2016 | 3.2% | £774pcm |
| June 2015 | 2.1% | £750pcm |
| June 2014 | 2.3% | £735pcm |
| June 2013 | 0.6% | £718pcm |
| June 2012 | 0.9% | £714pcm |
| June 2011 | 2.7% | £707pcm |
| June 2010 | 2.9% | £689pcm |
| June 2009 | -2.3% | £669pcm |
| June 2008 | 2.9% | £685pcm |
| June 2007 | 0% | £666pcm |
Sales History
The last sale was on 30th June 2023 for £205,000 and since then the market in the area has increased by 6.5%. The postcode has had a total of 16 sales since 1995.
B71 2LW has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Jun 2023£205,000 | 3 Bed House8H, Melrose Avenue, West Bromwich, B71 2LW8H, Melrose Avenue, West Bromwich, B71 2LW
- Sold Mar 2022£170,000 | 3 Bed House8H, Melrose Avenue, West Bromwich, B71 2LW8H, Melrose Avenue, West Bromwich, B71 2LW
- Sold Mar 2022£170,000 | 3 Bed House8J, Melrose Avenue, West Bromwich, B71 2LW8J, Melrose Avenue, West Bromwich, B71 2LW
- Sold Feb 2022£280,000 | 4 Bed House8E, Melrose Avenue, West Bromwich, B71 2LW8E, Melrose Avenue, West Bromwich, B71 2LW
- Sold Nov 2021£205,000 | 3 Bed House7, Melrose Avenue, West Bromwich, B71 2LW7, Melrose Avenue, West Bromwich, B71 2LW
Nearby Postcodes
B71 2LW is the 782nd largest and the 1001st most expensive postcode out of the 1,372 postcodes in the B71 area.
- B71 2JJ, Westminster Road, West Bromwich, B71B71 2JJ16 Addresses|52 m away
- B71 2LN, Melrose Avenue, West Bromwich, B71B71 2LN8 Addresses|69 m away
- B71 2LP, Beverley Road, West Bromwich, B71B71 2LP16 Addresses|78 m away
- B71 2JR, Westminster Road, West Bromwich, B71B71 2JR8 Addresses|109 m away
- B71 2JW, Westminster Road, West Bromwich, B71B71 2JW6 Addresses|120 m away
Property Types
- 9 modern houses built after 1980
- 2 mid-century houses built between 1936 and 1979
- 5 early-century houses built between 1912 and 1935
- 3 other addresses of unknown type
- modern house (9)
- mid-century house (2)
- early-century house (5)
- Unknown (3)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 16 properties.
- The most common rating is B.
- A (0)
- E (1)
- B (9)
- F (0)
- C (4)
- G (0)
- D (2)
- No EPC (3)
Top 3 Most Expensive Sales
- Sold Nov 2021£280,000 | 4 Bed House8F, Melrose Avenue, West Bromwich, B71 2LW8F, Melrose Avenue, West Bromwich, B71 2LW
- Sold Feb 2022£280,000 | 4 Bed House8E, Melrose Avenue, West Bromwich, B71 2LW8E, Melrose Avenue, West Bromwich, B71 2LW
- Sold Jun 2023£205,000 | 3 Bed House8H, Melrose Avenue, West Bromwich, B71 2LW8H, Melrose Avenue, West Bromwich, B71 2LW
Schools Nearby
- Hall Green Primary School200 m away
- Pennyhill Primary School700 m away
- The Priory Primary School700 m away
- The Phoenix Collegiate800 m away
- Wodensborough Ormiston Academy900 m away
- Wood Green Academy2.4 km away
More reading links
Public Transport Nearby
The closest station to B71 2LW is Tame Bridge Parkway station, which is 1.4 kilometres away.
- Tame Bridge Parkway|1.4 km away
- Bescot Stadium|2.1 km away
- Sandwell & Dudley|4.2 km away
- Hamstead (Birmingham)|4.4 km away
