Average Price for property in Mere Road, Erdington, Birmingham, B23 is around £124,660 which varies based on type of property you are interested in and ranges from £137,341 for semi-detached to around £123,392 for terraced house. Values have been changing and have risen £246 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £732 in last 6 months, £7,647 in last 1 year, £12,769 in last 2 years, £12,416 in last 3 years, £10,517 in last 4 years and £11,673 in last 5 years.
Currently average asking price of a property in Mere Road, Erdington, Birmingham, B23 is around £124,475 based on approximately 9 properties for sale. Same is the case with rental options based on 127 properties up for rent, average asking rent is around £657 per month.
Estimated property value in Mere Road, Erdington, Birmingham, B23 is £124,660. Average asking price is £124,475 while average price paid is £101,999 which is up by £7,647 and Avg. asking rent £657.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 Mere Road, Erdington, Birmingham, B23 area. In last 1 year alone average price buyer paid is around £101,999 based on approximately 9 sales in Mere Road, Erdington, Birmingham, B23 area alone. If you compare it to last 3 years sales of 15 properties where buyers paid around £110,133. 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 £106,947 for 19 and average amount paid for purchase of approx. 21 properties sold in last 7 years comes to about £108,380 per sale.