Values have been changing and have risen £1,061 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,755 in last 6 months, £15,218 in last 1 year, £26,818 in last 2 years, £26,373 in last 3 years, £26,017 in last 4 years and £25,035 in last 5 years.
Currently average asking price of a property in Grosvenor Street West, Edgbaston, Birmingham, B16 is around £204,555 based on approximately 3 properties for sale. Same is the case with rental options based on 215 properties up for rent, average asking rent is around £710 per month.
Estimated property value in Grosvenor Street West, Edgbaston, Birmingham, B16 is £242,322. Average asking price is £204,555 while average price paid is £149,833 which is up by £15,218 and Avg. asking rent £710.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 Grosvenor Street West, Edgbaston, Birmingham, B16 area. In last 1 year alone average price buyer paid is around £149,833 based on approximately 3 sales in Grosvenor Street West, Edgbaston, Birmingham, B16 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £151,350. 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 £158,272 for 9 and average amount paid for purchase of approx. 13 properties sold in last 7 years comes to about £164,573 per sale.