Morville Street, Edgbaston, Birmingham, B16

Street Guide For Morville Street, Edgbaston, Birmingham, B16

 

Morville Street, Edgbaston, Birmingham, B16 Map

Estimated Price: £191,870
Average Asking Price: £204,555
Price change in last one year: £12,051
Average Price Paid: £129,500
Average Rent Rates: £710

 

Property Prices Breakdown in Morville Street, Edgbaston, Birmingham, B16

Average Price for property in Morville Street, Edgbaston, Birmingham, B16 is around £191,870 which varies based on type of property you are interested in and ranges from £168,745 for terraced house to around £192,759 for a flat. Values have been changing and have risen £841 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,975 in last 6 months, £12,051 in last 1 year, £21,238 in last 2 years, £20,888 in last 3 years, £20,609 in last 4 years and £19,833 in last 5 years.

Currently average asking price of a property in Morville Street, Edgbaston, Birmingham, B16 is around £204,555 based on approximately 3 properties for sale. Same is the case with rental options based on 215 properties up for rent, average asking rent is around £710 per month.

Estimated property value in Morville Street, Edgbaston, Birmingham, B16 is £191,870. Average asking price is £204,555 while average price paid is £129,500 which is up by £12,051 and Avg. asking rent £710.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 Morville Street, Edgbaston, Birmingham, B16 area. In last 1 year alone average price buyer paid is around £129,500 based on approximately 3 sales in Morville Street, Edgbaston, Birmingham, B16 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £129,500. 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 £129,500 for 9 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £129,500 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 £95,000, £110,964 for a 2 bedroom house, £146,161 for a 3 bedroom house, £275,889 for a 4 bedroom house and £359,083 for a 5 bedroom house. For a flat similarly the prices varies from £117,203 for a single bedroom to £185,860 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £230,650 and £229,898 for a 4 bedroom flat. To sum up the asking prices for properties in Morville Street, Edgbaston, Birmingham, B16 it comes to around average £116,910 for 1 bedroom property, £179,138 for 2 bedroom, £167,641 for 3 bedroom, £271,509 for 4 bedroom and £359,083 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 £364 for 1 bedroom to £573 for 2 bedrooms, £702 for 3 bedrooms, £873 for 4 bedrooms and £679 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £545. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £948, £1,426 for 3 bedroom, £1,116 for 4 bedroom and around £351 for 5 bedroom flat. You should be generally be expecting around average £487 rent per month for single bedroom property, £893 for 2 bedroom, £822 for 3 bedroom, £906 for 4 bedroom and approximately £652 for a 5 bedroom property in Morville Street, Edgbaston, Birmingham, B16 area.

Popular Houses in Morville Street, Edgbaston, Birmingham, B16

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 Morville Street, Edgbaston, Birmingham, B16