Luton Road, Bournbrook, Birmingham, B29

Street Guide For Luton Road, Bournbrook, Birmingham, B29

 

Luton Road, Bournbrook, Birmingham, B29 Map

Estimated Price: £195,000
Average Asking Price: £190,687
Price change in last one year: £14,304
Average Price Paid: £220,000
Average Rent Rates: £608

 

Property Prices Breakdown in Luton Road, Bournbrook, Birmingham, B29

Average Price for property in Luton Road, Bournbrook, Birmingham, B29 is around £195,000 which varies based on type of property you are interested in and ranges from £223,085 for semi-detached to around £192,659 for terraced house. Values have been changing and have risen £888 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,053 in last 6 months, £14,304 in last 1 year, £23,467 in last 2 years, £23,119 in last 3 years, £21,545 in last 4 years and £22,699 in last 5 years.

Currently average asking price of a property in Luton Road, Bournbrook, Birmingham, B29 is around £190,687 based on approximately 2 properties for sale. Same is the case with rental options based on 1,120 properties up for rent, average asking rent is around £608 per month.

Estimated property value in Luton Road, Bournbrook, Birmingham, B29 is £195,000. Average asking price is £190,687 while average price paid is £220,000 which is up by £14,304 and Avg. asking rent £608.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 Luton Road, Bournbrook, Birmingham, B29 area. In last 1 year alone average price buyer paid is around £220,000 based on approximately 2 sales in Luton Road, Bournbrook, Birmingham, B29 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £220,000. 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 £220,000 for 2 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £208,333 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 £119,975, £135,532 for a 2 bedroom house, £168,167 for a 3 bedroom house, £322,188 for a 4 bedroom house and £303,125 for a 5 bedroom house. For a flat similarly the prices varies from £73,294 for a single bedroom to £112,990 for a 2 bedroom Flat. To sum up the asking prices for properties in Luton Road, Bournbrook, Birmingham, B29 it comes to around average £88,854 for 1 bedroom property, £129,270 for 2 bedroom, £168,167 for 3 bedroom, £322,188 for 4 bedroom and £303,125 for a 5 bedroom property.

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 £411 for 1 bedroom to £518 for 2 bedrooms, £524 for 3 bedrooms, £493 for 4 bedrooms and £497 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £509. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £707, £644 for 3 bedroom, £1,300 for 4 bedroom and around £373 for 5 bedroom flat. You should be generally be expecting around average £437 rent per month for single bedroom property, £571 for 2 bedroom, £530 for 3 bedroom, £501 for 4 bedroom and approximately £496 for a 5 bedroom property in Luton Road, Bournbrook, Birmingham, B29 area.

Popular Houses in Luton Road, Bournbrook, Birmingham, B29

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 Luton Road, Bournbrook, Birmingham, B29