Values have been changing and have risen £915 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,773 in last 6 months, £7,928 in last 1 year, £12,983 in last 2 years, £13,748 in last 3 years, £12,572 in last 4 years and £12,885 in last 5 years.
Currently average asking price of a property in Dearmont Road, Longbridge, Northfield, Birmingham, B31 is around £147,964 based on approximately 3 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 Dearmont Road, Longbridge, Northfield, Birmingham, B31 is £124,570. Average asking price is £147,964 while average price paid is £107,500 which is up by £7,928 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 Dearmont Road, Longbridge, Northfield, Birmingham, B31 area. In last 1 year alone average price buyer paid is around £107,500 based on approximately 3 sales in Dearmont Road, Longbridge, Northfield, Birmingham, B31 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £104,500. 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 £97,312 for 8 and average amount paid for purchase of approx. 11 properties sold in last 7 years comes to about £98,681 per sale.