Average Price for property in Banners Lane, Redditch, B97 is around £123,358 which varies based on type of property you are interested in and ranges from £95,682 for detached house to around £119,654 for semi-detached. Similarly terraced house is around £126,432 and a flat is worth £79,858. Values have been changing and have risen £278 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,386 in last 6 months, £8,112 in last 1 year, £13,622 in last 2 years, £13,935 in last 3 years, £13,350 in last 4 years and £13,470 in last 5 years.
Currently average asking price of a property in Banners Lane, Redditch, B97 is around £244,343 based on approximately 3 properties for sale. Same is the case with rental options based on 55 properties up for rent, average asking rent is around £982 per month.
Estimated property value in Banners Lane, Redditch, B97 is £123,358. Average asking price is £244,343 while average price paid is £126,500 which is up by £8,112 and Avg. asking rent £982.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 Banners Lane, Redditch, B97 area. In last 1 year alone average price buyer paid is around £126,500 based on approximately 3 sales in Banners Lane, Redditch, B97 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £112,785. 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 £110,500 for 13 and average amount paid for purchase of approx. 16 properties sold in last 7 years comes to about £114,187 per sale.