Coombes Lane, Longbridge, Northfield, Birmingham, B31

Street Guide For Coombes Lane, Longbridge, Northfield, Birmingham, B31

 

Coombes Lane, Longbridge, Northfield, Birmingham, B31 Map

Estimated Price: £155,753
Average Asking Price: £147,964
Price change in last one year: £9,910
Average Price Paid: £134,744
Average Rent Rates: £646

 

Property Prices Breakdown in Coombes Lane, Longbridge, Northfield, Birmingham, B31

Average Price for property in Coombes Lane, Longbridge, Northfield, Birmingham, B31 is around £155,753 which varies based on type of property you are interested in and ranges from £231,925 for detached house to around £161,564 for semi-detached. Similarly terraced house is around £138,626 and a flat is worth £132,743. Values have been changing and have risen £1,144 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,466 in last 6 months, £9,910 in last 1 year, £16,229 in last 2 years, £17,181 in last 3 years, £15,709 in last 4 years and £16,101 in last 5 years.

Currently average asking price of a property in Coombes Lane, Longbridge, Northfield, Birmingham, B31 is around £147,964 based on approximately 4 properties for sale. Same is the case with rental options based on 71 properties up for rent, average asking rent is around £646 per month.

Estimated property value in Coombes Lane, Longbridge, Northfield, Birmingham, B31 is £155,753. Average asking price is £147,964 while average price paid is £167,362 which is up by £9,910 and Avg. asking rent £646.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 Coombes Lane, Longbridge, Northfield, Birmingham, B31 area. In last 1 year alone average price buyer paid is around £167,362 based on approximately 4 sales in Coombes Lane, Longbridge, Northfield, Birmingham, B31 area alone. If you compare it to last 3 years sales of 14 properties where buyers paid around £135,135. 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 £134,744 for 18 and average amount paid for purchase of approx. 27 properties sold in last 7 years comes to about £127,625 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 £110,074, £133,026 for a 2 bedroom house, £146,140 for a 3 bedroom house, £243,056 for a 4 bedroom house and £338,750 for a 5 bedroom house. For a flat similarly the prices varies from £104,084 for a single bedroom to £92,744 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £87,500. To sum up the asking prices for properties in Coombes Lane, Longbridge, Northfield, Birmingham, B31 it comes to around average £105,718 for 1 bedroom property, £113,088 for 2 bedroom, £144,662 for 3 bedroom, £243,056 for 4 bedroom and £338,750 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 £451 for 1 bedroom to £608 for 2 bedroom, £671 for 3 bedroom and £792 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £473. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £627 and £562 for 3 bedroom. You should be generally be expecting around average £471 rent per month for single bedroom property, £622 for 2 bedroom, £651 for 3 bedroom and approximately £792 for 4 bedroom property in Coombes Lane, Longbridge, Northfield, Birmingham, B31 area.

Popular Houses in Coombes Lane, Longbridge, Northfield, Birmingham, B31

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 Coombes Lane, Longbridge, Northfield, Birmingham, B31