Average Price for property in Gravelly Lane, Erdington, Birmingham, B23 is around £118,073 which varies based on type of property you are interested in and ranges from £160,578 for detached house to around £143,984 for semi-detached. Similarly terraced house is around £113,529 and a flat is worth £97,161. Values have been changing and have risen £232 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £692 in last 6 months, £7,241 in last 1 year, £12,091 in last 2 years, £11,757 in last 3 years, £9,959 in last 4 years and £11,057 in last 5 years.
Currently average asking price of a property in Gravelly Lane, Erdington, Birmingham, B23 is around £124,475 based on approximately 7 properties for sale. Same is the case with rental options based on 127 properties up for rent, average asking rent is around £657 per month.
Estimated property value in Gravelly Lane, Erdington, Birmingham, B23 is £118,073. Average asking price is £124,475 while average price paid is £116,928 which is up by £7,241 and Avg. asking rent £657.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 Gravelly Lane, Erdington, Birmingham, B23 area. In last 1 year alone average price buyer paid is around £116,928 based on approximately 7 sales in Gravelly Lane, Erdington, Birmingham, B23 area alone. If you compare it to last 3 years sales of 25 properties where buyers paid around £102,800. 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 £106,125 for 40 and average amount paid for purchase of approx. 62 properties sold in last 7 years comes to about £107,694 per sale.