Norfolk Road, Edgbaston, Birmingham, B15

Street Guide For Norfolk Road, Edgbaston, Birmingham, B15

 

Norfolk Road, Edgbaston, Birmingham, B15 Map

Estimated Price: £262,352
Average Asking Price: £507,948
Price change in last one year: £13,421
Average Price Paid: £211,812
Average Rent Rates: £1,041

 

Property Prices Breakdown in Norfolk Road, Edgbaston, Birmingham, B15

Average Price for property in Norfolk Road, Edgbaston, Birmingham, B15 is around £262,352 which varies based on type of property you are interested in and ranges from £513,972 for detached house to around £212,028 for a flat. Values have been changing and have risen £1,067 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,524 in last 6 months, £13,421 in last 1 year, £25,986 in last 2 years, £29,700 in last 3 years, £26,119 in last 4 years and £26,789 in last 5 years.

Currently average asking price of a property in Norfolk Road, Edgbaston, Birmingham, B15 is around £507,948 based on approximately 1 properties for sale. Same is the case with rental options based on 91 properties up for rent, average asking rent is around £1,041 per month.

Estimated property value in Norfolk Road, Edgbaston, Birmingham, B15 is £262,352. Average asking price is £507,948 while average price paid is £215,000 which is up by £13,421 and Avg. asking rent £1,041.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 Norfolk Road, Edgbaston, Birmingham, B15 area. In last 1 year alone average price buyer paid is around £215,000 based on approximately 1 sales in Norfolk Road, Edgbaston, Birmingham, B15 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £234,083. 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 £211,812 for 8 and average amount paid for purchase of approx. 14 properties sold in last 7 years comes to about £222,071 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 £90,000, £176,995 for a 2 bedroom house, £348,557 for a 3 bedroom house, £626,103 for a 4 bedroom house and £910,000 for a 5 bedroom house. For a flat similarly the prices varies from £110,670 for a single bedroom to £141,413 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £160,581. To sum up the asking prices for properties in Norfolk Road, Edgbaston, Birmingham, B15 it comes to around average £108,791 for 1 bedroom property, £142,060 for 2 bedroom, £248,303 for 3 bedroom, £626,103 for 4 bedroom and £910,000 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 can vary from £446 for 1 bedroom to £813 for 2 bedrooms, £983 for 3 bedrooms, £1,446 for 4 bedrooms and £942 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £678. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £818 and £1,089 for 3 bedroom. You should be generally be expecting around average £649 rent per month for single bedroom property, £818 for 2 bedroom, £1,021 for 3 bedroom, £1,446 for 4 bedroom and approximately £942 for a 5 bedroom property in Norfolk Road, Edgbaston, Birmingham, B15 area.

Popular Houses in Norfolk Road, Edgbaston, Birmingham, B15

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 Norfolk Road, Edgbaston, Birmingham, B15