Average Price for property in Mearse Lane, Barnt Green, Birmingham, B45 is around £875,501 e.g. average price for detached house is around 875,501. Values have been changing and have risen £5,089 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £18,378 in last 6 months, £57,274 in last 1 year, £86,983 in last 2 years, £103,671 in last 3 years, £90,275 in last 4 years and £89,807 in last 5 years.
Currently average asking price of a property in Mearse Lane, 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 Mearse Lane, Barnt Green, Birmingham, B45 is £875,501. Average asking price is £214,256 while average price paid is £605,000 which is up by £57,274 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 Mearse Lane, Barnt Green, Birmingham, B45 area. In last 1 year alone average price buyer paid is around £605,000 based on approximately 1 sales in Mearse Lane, Barnt Green, Birmingham, B45 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £710,000. 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 £710,000 for 6 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £696,785 per sale.