Newtown Lane, Romsley, Halesowen, B62

Street Guide For Newtown Lane, Romsley, Halesowen, B62

 

Newtown Lane, Romsley, Halesowen, B62 Map

Estimated Price: £389,814
Average Asking Price: £232,852
Price change in last one year: £25,543
Average Price Paid: £575,000
Average Rent Rates: £970

 

Property Prices Breakdown in Newtown Lane, Romsley, Halesowen, B62

Average Price for property in Newtown Lane, Romsley, Halesowen, B62 is around £389,814 e.g. average price for detached house is around 389,814. Values have been changing and have risen £441 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,109 in last 6 months, £25,543 in last 1 year, £41,632 in last 2 years, £43,601 in last 3 years, £36,732 in last 4 years and £36,844 in last 5 years.

Currently average asking price of a property in Newtown Lane, Romsley, Halesowen, B62 is around £232,852 based on approximately 0 properties for sale. Same is the case with rental options based on 48 properties up for rent, average asking rent is around £970 per month.

Estimated property value in Newtown Lane, Romsley, Halesowen, B62 is £389,814. Average asking price is £232,852 while average price paid is £575,000 which is up by £36,844 and Avg. asking rent £970.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 Newtown Lane, Romsley, Halesowen, B62 area. In last 5 years alone average price buyer paid is around £575,000 based on approximately 1 sales in Newtown Lane, Romsley, Halesowen, B62 area alone. If you compare it to last 7 years sales of 1 properties where buyers paid around £575,000.

 
 

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 £99,000, £131,075 for a 2 bedroom house, £196,462 for a 3 bedroom house, £340,411 for a 4 bedroom house and £484,512 for a 5 bedroom house. For a flat similarly the prices varies from £102,338 for a single bedroom to £143,521 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £205,000. To sum up the asking prices for properties in Newtown Lane, Romsley, Halesowen, B62 it comes to around average £101,411 for 1 bedroom property, £133,564 for 2 bedroom, £196,568 for 3 bedroom, £340,411 for 4 bedroom and £484,512 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 £425 for 1 bedroom to £544 for 2 bedroom and £563 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £401. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £592 and £550 for 3 bedroom. You should be generally be expecting around average £404 rent per month for single bedroom property, £565 for 2 bedroom and approximately £561 for 3 bedroom property in Newtown Lane, Romsley, Halesowen, B62 area.

Popular Houses in Newtown Lane, Romsley, Halesowen, B62

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 Newtown Lane, Romsley, Halesowen, B62