Bower Lane, Quarry Bank, Brierley Hill, DY5

Street Guide For Bower Lane, Quarry Bank, Brierley Hill, DY5

 

Bower Lane, Quarry Bank, Brierley Hill, DY5 Map

Estimated Price: £138,417
Average Asking Price: £130,559
Price change in last one year: £5,862
Average Price Paid: £119,672
Average Rent Rates: £796

 

Property Prices Breakdown in Bower Lane, Quarry Bank, Brierley Hill, DY5

Average Price for property in Bower Lane, Quarry Bank, Brierley Hill, DY5 is around £138,417 which varies based on type of property you are interested in and ranges from £161,738 for detached house to around £127,984 for semi-detached. Similarly terraced house is around £120,705 and a flat is worth £84,990. Values have been changing and have risen £247 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £538 in last 6 months, £5,862 in last 1 year, £7,873 in last 2 years, £10,241 in last 3 years, £5,557 in last 4 years and £4,590 in last 5 years.

Currently average asking price of a property in Bower Lane, Quarry Bank, Brierley Hill, DY5 is around £130,559 based on approximately 3 properties for sale. Same is the case with rental options based on 78 properties up for rent, average asking rent is around £796 per month.

Estimated property value in Bower Lane, Quarry Bank, Brierley Hill, DY5 is £138,417. Average asking price is £130,559 while average price paid is £121,333 which is up by £5,862 and Avg. asking rent £796.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 Bower Lane, Quarry Bank, Brierley Hill, DY5 area. In last 1 year alone average price buyer paid is around £121,333 based on approximately 3 sales in Bower Lane, Quarry Bank, Brierley Hill, DY5 area alone. If you compare it to last 3 years sales of 15 properties where buyers paid around £125,829. 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 £119,672 for 20 and average amount paid for purchase of approx. 23 properties sold in last 7 years comes to about £122,845 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 £96,100, £108,950 for a 2 bedroom house, £137,157 for a 3 bedroom house, £202,796 for a 4 bedroom house and £270,808 for a 5 bedroom house. For a flat similarly the prices varies from £76,476 for a single bedroom to £95,979 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £88,500. To sum up the asking prices for properties in Bower Lane, Quarry Bank, Brierley Hill, DY5 it comes to around average £78,541 for 1 bedroom property, £104,727 for 2 bedroom, £136,585 for 3 bedroom, £202,796 for 4 bedroom and £270,808 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 £327 for 1 bedroom to £502 for 2 bedroom, £581 for 3 bedroom and £804 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £347. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £437 and £399 for 3 bedroom. You should be generally be expecting around average £344 rent per month for single bedroom property, £477 for 2 bedroom, £550 for 3 bedroom and approximately £804 for 4 bedroom property in Bower Lane, Quarry Bank, Brierley Hill, DY5 area.

Popular Houses in Bower Lane, Quarry Bank, Brierley Hill, DY5

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 Bower Lane, Quarry Bank, Brierley Hill, DY5