Average Price for property in Birmingham is around £165,766 which varies based on type of property you are interested in and ranges from £343,229 for detached house to around £171,001 for semi-detached. Similarly terraced house is around £133,065 and a flat is worth £133,188. Values have been changing and have risen £769 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,364 in last 6 months, £11,904 in last 1 year, £17,892 in last 2 years, £19,538 in last 3 years, £17,664 in last 4 years and £17,670 in last 5 years.
Currently average asking price of a property in Birmingham is around £191,659 based on approximately 9,824 properties for sale. Same is the case with rental options based on 3,549 properties up for rent, average asking rent is around £807 per month.
Estimated property value in Birmingham is £165,766. Average asking price is £191,659 while average price paid is £156,156 which is up by £11,904 and Avg. asking rent £807.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 Birmingham area. In last 1 year alone average price buyer paid is around £156,156 based on approximately 9,824 sales in Birmingham area alone. If you compare it to last 3 years sales of 27,987 properties where buyers paid around £151,703. 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 £150,210 for 45,189 and average amount paid for purchase of approx. 63,148 properties sold in last 7 years comes to about £149,173 per sale.