Values have been changing and have risen £637 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,160 in last 6 months, £7,452 in last 1 year, £11,481 in last 2 years, £11,798 in last 3 years, £10,447 in last 4 years and £11,138 in last 5 years.
Currently average asking price of a property in Hernefield Road, Castle Bromwich, Birmingham, B34 is around £139,582 based on approximately 3 properties for sale. Same is the case with rental options based on 13 properties up for rent, average asking rent is around £896 per month.
Estimated property value in Hernefield Road, Castle Bromwich, Birmingham, B34 is £104,053. Average asking price is £139,582 while average price paid is £92,650 which is up by £7,452 and Avg. asking rent £896.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 Hernefield Road, Castle Bromwich, Birmingham, B34 area. In last 1 year alone average price buyer paid is around £92,650 based on approximately 3 sales in Hernefield Road, Castle Bromwich, Birmingham, B34 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £86,095. 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 £85,585 for 17 and average amount paid for purchase of approx. 26 properties sold in last 7 years comes to about £88,667 per sale.