Mounts Way, Nechells, Birmingham, B7

Street Guide For Mounts Way, Nechells, Birmingham, B7

 
 

Mounts Way, Nechells, Birmingham, B7 Map

Estimated Price: £105,208
Average Asking Price: £148,994
Price change in last one year: £6,109
Average Price Paid: £83,000
Average Rent Rates: £1,559

Lloyds Property Services
4 Wood End Road BIRMINGHAM Warwickshire
Lloyds Property Services
Lloyds Property Services, 4, Wood End Road

Free House valuation

 

Property Prices Breakdown in Mounts Way, Nechells, Birmingham, B7

Average Price for property in Mounts Way, Nechells, Birmingham, B7 is around £105,208 e.g. average price for terraced house is around 105,208. Values have been changing and have risen £419 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,249 in last 6 months, £6,109 in last 1 year, £11,851 in last 2 years, £12,339 in last 3 years, £10,754 in last 4 years and £11,317 in last 5 years.

Currently average asking price of a property in Mounts Way, Nechells, Birmingham, B7 is around £148,994 based on approximately 0 properties for sale. Same is the case with rental options based on 28 properties up for rent, average asking rent is around £1,559 per month.

Estimated property value in Mounts Way, Nechells, Birmingham, B7 is £105,208. Average asking price is £148,994 while average price paid is £83,000 which is up by £12,339 and Avg. asking rent £1,559.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 Mounts Way, Nechells, Birmingham, B7 area. In last 3 years alone average price buyer paid is around £83,000 based on approximately 1 sales in Mounts Way, Nechells, Birmingham, B7 area alone. If you compare it to last 5 years sales of 1 properties where buyers paid around £83,000. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £83,000 for 1 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 2 bedroom is around £90,000 and £121,650 for a 3 bedroom house. For a flat similarly the prices varies from £60,000 for a 2 bedroom to £69,995 for a 3 bedroom Flat. To sum up the asking prices for properties in Mounts Way, Nechells, Birmingham, B7 it comes to around average £75,000 for 2 bedroom property and £108,736 for 3 bedroom.

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 £1,291 for 1 bedroom to £782 for 3 bedroom, £1,300 for 4 bedroom and £1,625 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £477. As the no. of bedroom increase so will the rent e.g. for a 3 bedroom flat it will be around £530. You should be generally be expecting around average £884 rent per month for single bedroom property, £614 for 3 bedroom, £1,300 for 4 bedroom and approximately £1,625 for 5 bedroom property in Mounts Way, Nechells, Birmingham, B7 area.

Popular Houses in Mounts Way, Nechells, Birmingham, B7

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 Mounts Way, Nechells, Birmingham, B7