Margesson Drive, Barnt Green, Birmingham, B45

Street Guide For Margesson Drive, Barnt Green, Birmingham, B45

 
 

Margesson Drive, Barnt Green, Birmingham, B45 Map

Estimated Price: £328,422
Average Asking Price: £214,256
Price change in last one year: £21,489
Average Price Paid: £335,125
Average Rent Rates: £845

AP Morgan Estate Agents
4 Worcester Road, Bromsgrove, B61 7AE

Free House valuation

 

Property Prices Breakdown in Margesson Drive, Barnt Green, Birmingham, B45

Average Price for property in Margesson Drive, Barnt Green, Birmingham, B45 is around £328,422 which varies based on type of property you are interested in and ranges from £337,919 for detached house to around £233,456 for semi-detached. Values have been changing and have risen £1,909 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,896 in last 6 months, £21,489 in last 1 year, £32,638 in last 2 years, £38,902 in last 3 years, £33,881 in last 4 years and £33,707 in last 5 years.

Currently average asking price of a property in Margesson Drive, Barnt Green, Birmingham, B45 is around £214,256 based on approximately 1 properties for sale. Same is the case with rental options based on 41 properties up for rent, average asking rent is around £845 per month.

Estimated property value in Margesson Drive, Barnt Green, Birmingham, B45 is £328,422. Average asking price is £214,256 while average price paid is £390,000 which is up by £21,489 and Avg. asking rent £845.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 Margesson Drive, Barnt Green, Birmingham, B45 area. In last 1 year alone average price buyer paid is around £390,000 based on approximately 1 sales in Margesson Drive, Barnt Green, Birmingham, B45 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £346,000. 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 £335,125 for 4 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £328,100 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 £97,789, £109,652 for a 2 bedroom house, £177,640 for a 3 bedroom house, £344,895 for a 4 bedroom house and £545,817 for a 5 bedroom house. For a flat similarly the prices varies from £72,916 for a single bedroom to £104,977 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £163,700. To sum up the asking prices for properties in Margesson Drive, Barnt Green, Birmingham, B45 it comes to around average £81,799 for 1 bedroom property, £107,649 for 2 bedroom, £176,876 for 3 bedroom, £344,895 for 4 bedroom and £545,817 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 £576 for 1 bedroom to £613 for 2 bedrooms, £721 for 3 bedrooms, £924 for 4 bedrooms and £2,999 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £412. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £562 and £524 for 3 bedroom. You should be generally be expecting around average £445 rent per month for single bedroom property, £598 for 2 bedroom, £703 for 3 bedroom, £924 for 4 bedroom and approximately £2,999 for a 5 bedroom property in Margesson Drive, Barnt Green, Birmingham, B45 area.

Popular Houses in Margesson Drive, Barnt Green, Birmingham, B45

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 Margesson Drive, Barnt Green, Birmingham, B45