Average Price for property in Farewell Lane, Burntwood, WS7 is around £282,341 which varies based on type of property you are interested in and ranges from £319,513 for detached house to around £244,418 for semi-detached. Similarly terraced house is around £251,935. Values have been changing and have risen £2,571 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,423 in last 6 months, £20,340 in last 1 year, £29,286 in last 2 years, £34,547 in last 3 years, £28,420 in last 4 years and £26,202 in last 5 years.
Currently average asking price of a property in Farewell Lane, Burntwood, WS7 is around £213,044 based on approximately 3 properties for sale. Same is the case with rental options based on 29 properties up for rent, average asking rent is around £740 per month.
Estimated property value in Farewell Lane, Burntwood, WS7 is £282,341. Average asking price is £213,044 while average price paid is £373,816 which is up by £20,340 and Avg. asking rent £740.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 Farewell Lane, Burntwood, WS7 area. In last 1 year alone average price buyer paid is around £373,816 based on approximately 3 sales in Farewell Lane, Burntwood, WS7 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £338,612. 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 £277,556 for 8 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £270,545 per sale.