Belchers Lane, Bordesley Green, Birmingham, B9

Street Guide For Belchers Lane, Bordesley Green, Birmingham, B9

 

Belchers Lane, Bordesley Green, Birmingham, B9 Map

Estimated Price: £157,802
Average Asking Price: £144,972
Price change in last one year: £11,042
Average Price Paid: £131,763
Average Rent Rates: £867

 

Property Prices Breakdown in Belchers Lane, Bordesley Green, Birmingham, B9

Average Price for property in Belchers Lane, Bordesley Green, Birmingham, B9 is around £157,802 which varies based on type of property you are interested in and ranges from £302,539 for detached house to around £165,399 for semi-detached. Similarly terraced house is around £150,656 and a flat is worth £54,425. Values have been changing and have risen £752 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,586 in last 6 months, £11,042 in last 1 year, £18,749 in last 2 years, £18,594 in last 3 years, £13,519 in last 4 years and £14,564 in last 5 years.

Currently average asking price of a property in Belchers Lane, Bordesley Green, Birmingham, B9 is around £144,972 based on approximately 3 properties for sale. Same is the case with rental options based on 38 properties up for rent, average asking rent is around £867 per month.

Estimated property value in Belchers Lane, Bordesley Green, Birmingham, B9 is £157,802. Average asking price is £144,972 while average price paid is £138,000 which is up by £11,042 and Avg. asking rent £867.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 Belchers Lane, Bordesley Green, Birmingham, B9 area. In last 1 year alone average price buyer paid is around £138,000 based on approximately 3 sales in Belchers Lane, Bordesley Green, Birmingham, B9 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £134,937. 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 £131,763 for 18 and average amount paid for purchase of approx. 28 properties sold in last 7 years comes to about £126,598 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 £109,950, £99,646 for a 2 bedroom house, £128,641 for a 3 bedroom house, £173,311 for a 4 bedroom house and £146,667 for a 5 bedroom house. For a flat similarly the prices varies from £87,475 for a single bedroom to £94,500 for a 2 bedroom Flat. To sum up the asking prices for properties in Belchers Lane, Bordesley Green, Birmingham, B9 it comes to around average £94,967 for 1 bedroom property, £99,303 for 2 bedroom, £128,641 for 3 bedroom, £173,311 for 4 bedroom and £146,667 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 can vary from £683 for 1 bedroom to £524 for 2 bedroom and £572 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £451. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £549. You should be generally be expecting around average £543 rent per month for single bedroom property, £541 for 2 bedroom and approximately £572 for 3 bedroom property in Belchers Lane, Bordesley Green, Birmingham, B9 area.

Popular Houses in Belchers Lane, Bordesley Green, Birmingham, B9

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.

Areas in and around Belchers Lane, Bordesley Green, Birmingham, B9