Area Guide For Birmingham

Birmingham is well known in England because of its developments in science, technology and economy, and is also a major shopping hub in the West Midlands area due to the presence of malls like Bullring and The Mailbox shopping centre, both of which have offerings from world class brands. On the educational front, Birmingham can boast of institutions like the University of Birmingham, and it is overall a multicultural city with people from different nationalities settled here since the industrial revolution.


Birmingham Map

Estimated Price: £165,766
Average Asking Price: £191,659
Price change in last one year: £11,904
Average Price Paid: £150,210
Average Rent Rates: £807


Property Prices Breakdown in Birmingham

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.


Properties For Sale in Birmingham


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 £110,206, £123,630 for a 2 bedroom house, £154,846 for a 3 bedroom house, £284,090 for a 4 bedroom house and £381,276 for a 5 bedroom house. For a flat similarly the prices varies from £100,489 for a single bedroom to £139,818 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £181,134 and £274,939 for a 4 bedroom flat. To sum up the asking prices for properties in Birmingham it comes to around average £101,796 for 1 bedroom property, £131,820 for 2 bedroom, £155,708 for 3 bedroom, £284,019 for 4 bedroom and £381,276 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 £422 for 1 bedroom to £601 for 2 bedrooms, £632 for 3 bedrooms, £666 for 4 bedrooms and £646 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £528. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £757, £818 for 3 bedroom, £922 for 4 bedroom and around £499 for 5 bedroom flat. You should be generally be expecting around average £487 rent per month for single bedroom property, £699 for 2 bedroom, £647 for 3 bedroom, £673 for 4 bedroom and approximately £643 for a 5 bedroom property in Birmingham area.

Popular Houses in Birmingham

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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