Birmingham Road, Lichfield, WS14

Street Guide For Birmingham Road, Lichfield, WS14

 

Birmingham Road, Lichfield, WS14 Map

Estimated Price: £271,030
Average Asking Price: £325,133
Price change in last one year: £19,922
Average Price Paid: £220,223
Average Rent Rates: £2,112

 

Property Prices Breakdown in Birmingham Road, Lichfield, WS14

Average Price for property in Birmingham Road, Lichfield, WS14 is around £271,030 which varies based on type of property you are interested in and ranges from £383,711 for detached house to around £241,981 for semi-detached. Similarly terraced house is around £248,205 and a flat is worth £68,235. Values have been changing and have risen £3,114 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,770 in last 6 months, £19,922 in last 1 year, £31,590 in last 2 years, £37,369 in last 3 years, £32,131 in last 4 years and £32,077 in last 5 years.

Currently average asking price of a property in Birmingham Road, Lichfield, WS14 is around £325,133 based on approximately 2 properties for sale. Same is the case with rental options based on 23 properties up for rent, average asking rent is around £2,112 per month.

Estimated property value in Birmingham Road, Lichfield, WS14 is £271,030. Average asking price is £325,133 while average price paid is £295,000 which is up by £19,922 and Avg. asking rent £2,112.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 Road, Lichfield, WS14 area. In last 1 year alone average price buyer paid is around £295,000 based on approximately 2 sales in Birmingham Road, Lichfield, WS14 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £212,614. 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 £220,223 for 12 and average amount paid for purchase of approx. 17 properties sold in last 7 years comes to about £218,334 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 £137,500, £202,317 for a 2 bedroom house, £297,523 for a 3 bedroom house, £477,568 for a 4 bedroom house and £461,667 for a 5 bedroom house. For a flat similarly the prices varies from £95,000 for a single bedroom to £186,399 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £365,995 and £425,000 for a 4 bedroom flat. To sum up the asking prices for properties in Birmingham Road, Lichfield, WS14 it comes to around average £129,000 for 1 bedroom property, £192,017 for 2 bedroom, £302,790 for 3 bedroom, £474,940 for 4 bedroom and £461,667 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 £394 for 1 bedroom to £750 for 2 bedrooms, £942 for 3 bedrooms, £897 for 4 bedrooms and £2,500 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £479. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £764. You should be generally be expecting around average £462 rent per month for single bedroom property, £757 for 2 bedroom, £942 for 3 bedroom, £897 for 4 bedroom and approximately £2,500 for a 5 bedroom property in Birmingham Road, Lichfield, WS14 area.

Popular Houses in Birmingham Road, Lichfield, WS14

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 Birmingham Road, Lichfield, WS14