Values have been changing and have risen £529 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,909 in last 6 months, £5,945 in last 1 year, £9,032 in last 2 years, £10,766 in last 3 years, £9,383 in last 4 years and £9,339 in last 5 years.
Currently average asking price of a property in Longwood Road, Rednal, Birmingham, B45 is around £213,141 based on approximately 6 properties for sale. Same is the case with rental options based on 42 properties up for rent, average asking rent is around £839 per month.
Estimated property value in Longwood Road, Rednal, Birmingham, B45 is £90,792. Average asking price is £213,141 while average price paid is £93,416 which is up by £5,945 and Avg. asking rent £839.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 Longwood Road, Rednal, Birmingham, B45 area. In last 1 year alone average price buyer paid is around £93,416 based on approximately 6 sales in Longwood Road, Rednal, Birmingham, B45 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £88,928. 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 £84,272 for 11 and average amount paid for purchase of approx. 15 properties sold in last 7 years comes to about £82,466 per sale.