B96

Real Estate Area Guide For B96

 
 

B96 Map

Estimated Price: £322,950
Average Asking Price: £350,261
Price change in last one year: £20,660
Average Price Paid: £272,158
Average Rent Rates: £6,073

AP Morgan Estate Agents - Redditch
12 Church Green East, Redditch B98 8BP

Free House valuation

 

Property Prices Breakdown in B96

Average Price for property in B96 is around £322,950 which varies based on type of property you are interested in and ranges from £413,615 for detached house to around £243,674 for semi-detached. Similarly terraced house is around £214,045 and a flat is worth £119,591. Values have been changing and have risen £1,088 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,222 in last 6 months, £20,660 in last 1 year, £35,468 in last 2 years, £36,779 in last 3 years, £32,728 in last 4 years and £34,391 in last 5 years.

Currently average asking price of a property in B96 is around £350,261 based on approximately 85 properties for sale. Same is the case with rental options based on 5 properties up for rent, average asking rent is around £6,073 per month.

Estimated property value in B96 is £322,950. Average asking price is £350,261 while average price paid is £311,182 which is up by £20,660 and Avg. asking rent £6,073.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in B96 area. In last 1 year alone average price buyer paid is around £311,182 based on approximately 85 sales in B96 area alone. If you compare it to last 3 years sales of 234 properties where buyers paid around £279,600. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £272,158 for 374 and average amount paid for purchase of approx. 475 properties sold in last 7 years comes to about £265,112 per sale.

 
 
 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £70,000, £193,958 for a 2 bedroom house, £211,756 for a 3 bedroom house, £438,050 for a 4 bedroom house and £704,541 for a 5 bedroom house. For a flat similarly the prices varies from £113,317 for a single bedroom to £117,794 for a 2 bedroom Flat. To sum up the asking prices for properties in B96 it comes to around average £102,488 for 1 bedroom property, £150,436 for 2 bedroom, £211,756 for 3 bedroom, £438,050 for 4 bedroom and £704,541 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it is £793 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £516. You should be generally be expecting around average £516 rent per month for single bedroom property and approximately £793 for 3 bedroom property in B96 area.

Popular Houses in B96

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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