New Road, Hollywood, Birmingham, B47

Street Guide For New Road, Hollywood, Birmingham, B47

 

New Road, Hollywood, Birmingham, B47 Map

Estimated Price: £324,956
Average Asking Price: £256,221
Price change in last one year: £19,266
Average Price Paid: £265,333
Average Rent Rates: £650

 

Property Prices Breakdown in New Road, Hollywood, Birmingham, B47

Average Price for property in New Road, Hollywood, Birmingham, B47 is around £324,956 which varies based on type of property you are interested in and ranges from £397,062 for detached house to around £267,747 for semi-detached. Similarly terraced house is around £276,527. Values have been changing and have risen £878 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,604 in last 6 months, £19,266 in last 1 year, £33,340 in last 2 years, £34,477 in last 3 years, £31,269 in last 4 years and £32,314 in last 5 years.

Currently average asking price of a property in New Road, Hollywood, Birmingham, B47 is around £256,221 based on approximately 0 properties for sale. Same is the case with rental options based on 4 properties up for rent, average asking rent is around £650 per month.

Estimated property value in New Road, Hollywood, Birmingham, B47 is £324,956. Average asking price is £256,221 while average price paid is £303,750 which is up by £34,477 and Avg. asking rent £650.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 New Road, Hollywood, Birmingham, B47 area. In last 3 years alone average price buyer paid is around £303,750 based on approximately 2 sales in New Road, Hollywood, Birmingham, B47 area alone. If you compare it to last 5 years sales of 6 properties where buyers paid around £265,333. 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 £288,863 for 11 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 £214,960, £269,068 for a 3 bedroom house, £301,960 for a 4 bedroom house and £425,000 for a 5 bedroom house. For a flat similarly the prices varies from £114,950 for a single bedroom to £65,000 for a 2 bedroom Flat. To sum up the asking prices for properties in New Road, Hollywood, Birmingham, B47 it comes to around average £114,950 for 1 bedroom property, £189,967 for 2 bedroom, £269,068 for 3 bedroom, £301,960 for 4 bedroom and £425,000 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 is £700 for 2 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £600. You should be generally be expecting around average £650 rent per month for 2 bedroom property in New Road, Hollywood, Birmingham, B47 area.

Popular Houses in New Road, Hollywood, Birmingham, B47

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 New Road, Hollywood, Birmingham, B47