- Sandwell has seen average house prices increase by 82.67% compared to 10 years ago
- Wolverhampton is second highest on the list, followed by Dudley, and Birmingham
- The West Midlands ranks 5th out of 12 UK regions for average house price increase in past 10 years
Over the past 10 years, Sandwell has had the West Midlands’ biggest increase in average house price, new analysis of the latest Land Registry figures has revealed.
The study by bridging loan experts Bridging Finance London found that the average price of a house in the local authority in November 2024 was £211,591, compared to £115,833 in November 2014, representing a 82.67% increase. At a national level, Sandwell ranks 7th when comparing all local authority areas in the UK.
In second place was Wolverhampton, where the average house price has jumped by 71.51% in comparison to 10 years ago. The average in November 2014 was £121,976, while in November 2024 it stood at £209,205. Wolverhampton’s percentage increase is the 29th highest in the UK.
Dudley has seen the third highest increase in average house prices over the past 10 years, with 70.33%. This November 2024, the average cost of a home stood at £241,110, whereas 10 years ago, house hunters could expect to pay £141,554. As part of the UK overall, Dudley ranks in 33rd out of 360 local authorities.
The fourth biggest increase came in Birmingham, where the average house price was £145,428 10 years ago, and has risen by 65.6% to stand at £240,835.
In fifth place is South Staffordshire, which most recently had an average house price of £316,312 compared to £191,372 in November 2014. That equates to a percentage increase of 65.29%.
All of the 30 local authorities in the West Midlands saw average house prices increase since November 2014. Stratford-on-Avon saw the smallest increase, where the average price rose from £276,639 to £384,395 – an increase of 38.95%.
| The West Midlands’ price hotspots over the past 10 years, by Bridging Finance London | ||||
| Rank | Local Authority | Average House Price, November 2014 | Average House Price, November 2024 | Increase From 10 Years Ago |
| 1 | Sandwell | £115,833 | £211,591 | 82.67% |
| 2 | Wolverhampton | £121,976 | £209,205 | 71.51% |
| 3 | Dudley | £141,554 | £241,110 | 70.33% |
| 4 | Birmingham | £145,428 | £240,835 | 65.6% |
| 5 | South Staffordshire | £191,372 | £316,312 | 65.29% |
| 6 | Coventry | £142,114 | £234,752 | 65.19% |
| 7 | Walsall | £133,990 | £220,314 | 64.43% |
| 8 | Redditch | £162,201 | £264,014 | 62.77% |
| 9 | Stoke-on-Trent | £91,914 | £148,396 | 61.45% |
| 10 | Nuneaton and Bedworth | £137,345 | £221,474 | 61.25% |
Across the UK, the average house price in November 2014 was £191,209, while the latest figures stand at £289,707 – an increase of 51.51%.
Comparing the 12 regions of the UK, Northern Ireland has seen the biggest increase in average house prices over the past 10 years – 72.06% – going from £110,750 in November 2014, to £190,553 in November 2024.
The North West is second for climbing house prices, showing a 65.59% increase, with the average price rising from £136,864 to £226,627.
The East Midlands’ average house price has gone from £154,009, to £248,561 – an increase of 61.39%.
All 12 regions in the UK saw average house price increase since November 2014. London saw the smallest increase, where the average price rose from £400,803 to £511,279 – an increase of 27.56%.
| The UK’s property price hotspots over the past 10 years, by Bridging Finance London | ||||
| Rank | Region | Average House Price, November 2014 | Average House Price, November 2024 | Increase From 10 Years Ago |
| 1 | Northern Ireland | £110,750 | £190,553 | 72.06% |
| 2 | The North West | £136,864 | £226,627 | 65.59% |
| 3 | The East Midlands | £154,009 | £248,561 | 61.39% |
| 4 | Wales | £136,898 | £219,446 | 60.3% |
| 5 | The West Midlands | £159,782 | £254,912 | 59.54% |
| 6 | Yorkshire and the Humber | £138,291 | £217,939 | 57.59% |
| 7 | The South West | £210,799 | £317,608 | 50.67% |
| 8 | The East of England | £226,352 | £339,560 | 50.01% |
| 9 | Scotland | £133,334 | £195,036 | 46.28% |
| 10 | The South East | £262,969 | £377,822 | 43.68% |
| 11 | The North East | £118,778 | £168,791 | 42.11% |
| 12 | London | £400,803 | £511,279 | 27.56% |
Commenting on the findings, Matthew Archer, MD of Bridging Finance London, said,
“Many areas in the UK have experienced steadily increasing property values in the past 10 years, certifying them as some of the most worthwhile investments for homeowners. Properties in Northern Ireland and the North West, in particular, have significantly increased in value, with these locations becoming some of the most coveted spots for buyers.
“Manchester and its surrounding areas have rivalled London in terms of popularity for professionals, with many regarding it as the more affordable choice with just as much to offer. The North West has witnessed significant economic growth, with development in infrastructure, housing, and transport links increasing the area’s favourability and appeal to potential homeowners.
“Northern Ireland has seen an uptick in value due to government investments and initiatives aimed at stimulating the housing market and supporting first-time buyers. Other factors encouraging property value increase include the area’s recent economic recovery, low interest rates, and television and film appearances that have showcased its striking natural beauty, increasing the demand for properties in the area.
“On the other hand, properties in London have undergone a much smaller increase in value. Reasons for this include previous overvaluation and extortionately high prices that have made living in the city unaffordable for many. Additionally, Brexit may have impacted the landscape since the city is a hub for international buyers.”
