Forge Lane, Cradley Heath, B64

Street Guide For Forge Lane, Cradley Heath, B64

 

Forge Lane, Cradley Heath, B64 Map

Estimated Price: £130,230
Average Asking Price: £130,859
Price change in last one year: £11,442
Average Price Paid: £122,000
Average Rent Rates: £653

 

Property Prices Breakdown in Forge Lane, Cradley Heath, B64

Average Price for property in Forge Lane, Cradley Heath, B64 is around £130,230 which varies based on type of property you are interested in and ranges from £220,466 for detached house to around £128,836 for semi-detached. Similarly terraced house is around £46,960. Values have been changing and have risen £973 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,953 in last 6 months, £11,442 in last 1 year, £15,467 in last 2 years, £15,034 in last 3 years, £14,208 in last 4 years and £15,407 in last 5 years.

Currently average asking price of a property in Forge Lane, Cradley Heath, B64 is around £130,859 based on approximately 2 properties for sale. Same is the case with rental options based on 43 properties up for rent, average asking rent is around £653 per month.

Estimated property value in Forge Lane, Cradley Heath, B64 is £130,230. Average asking price is £130,859 while average price paid is £122,000 which is up by £11,442 and Avg. asking rent £653.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 Forge Lane, Cradley Heath, B64 area. In last 1 year alone average price buyer paid is around £122,000 based on approximately 2 sales in Forge Lane, Cradley Heath, B64 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £122,000. 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 £122,000 for 2 and average amount paid for purchase of approx. 2 properties sold in last 7 years comes to about £122,000 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 £82,958, £111,481 for a 2 bedroom house, £149,324 for a 3 bedroom house and £212,259 for a 4 bedroom house. For a flat similarly the prices varies from £72,674 for a single bedroom to £77,712 for a 2 bedroom Flat. To sum up the asking prices for properties in Forge Lane, Cradley Heath, B64 it comes to around average £76,531 for 1 bedroom property, £96,132 for 2 bedroom, £149,324 for 3 bedroom and £212,259 for 4 bedroom.

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 £415 for 1 bedroom to £469 for 2 bedroom, £590 for 3 bedroom and £650 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £377. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £490 and £451 for 3 bedroom. You should be generally be expecting around average £388 rent per month for single bedroom property, £482 for 2 bedroom, £578 for 3 bedroom and approximately £650 for 4 bedroom property in Forge Lane, Cradley Heath, B64 area.

Popular Houses in Forge Lane, Cradley Heath, B64

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 Forge Lane, Cradley Heath, B64