Oaklands, Wombourne, Wolverhampton, WV5

Street Guide For Oaklands, Wombourne, Wolverhampton, WV5

 

Oaklands, Wombourne, Wolverhampton, WV5 Map

Estimated Price: £392,593
Average Asking Price: £326,925
Price change in last one year: £11,228
Average Price Paid: £353,830
Average Rent Rates: £643

 

Property Prices Breakdown in Oaklands, Wombourne, Wolverhampton, WV5

Average Price for property in Oaklands, Wombourne, Wolverhampton, WV5 is around £392,593 e.g. average price for detached house is around 392,593. Values have been changing and have risen £1,161 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,612 in last 6 months, £11,228 in last 1 year, £28,132 in last 2 years, £30,989 in last 3 years, £27,256 in last 4 years and £20,533 in last 5 years.

Currently average asking price of a property in Oaklands, Wombourne, Wolverhampton, WV5 is around £326,925 based on approximately 1 properties for sale. Same is the case with rental options based on 9 properties up for rent, average asking rent is around £643 per month.

Estimated property value in Oaklands, Wombourne, Wolverhampton, WV5 is £392,593. Average asking price is £326,925 while average price paid is £295,000 which is up by £11,228 and Avg. asking rent £643.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 Oaklands, Wombourne, Wolverhampton, WV5 area. In last 1 year alone average price buyer paid is around £295,000 based on approximately 1 sales in Oaklands, Wombourne, Wolverhampton, WV5 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £326,500. 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 £353,830 for 6 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £353,830 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 £181,960, £217,023 for a 3 bedroom house, £341,339 for a 4 bedroom house and £511,000 for a 5 bedroom house. For a flat similarly the prices varies from £104,950 for a single bedroom to £111,917 for a 2 bedroom Flat. To sum up the asking prices for properties in Oaklands, Wombourne, Wolverhampton, WV5 it comes to around average £104,950 for 1 bedroom property, £165,796 for 2 bedroom, £217,023 for 3 bedroom, £341,339 for 4 bedroom and £511,000 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 £611 for 2 bedroom to £845 for 3 bedroom and £849 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £493. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £550. You should be generally be expecting around average £493 rent per month for single bedroom property, £591 for 2 bedroom, £845 for 3 bedroom and approximately £849 for 4 bedroom property in Oaklands, Wombourne, Wolverhampton, WV5 area.

Popular Houses in Oaklands, Wombourne, Wolverhampton, WV5

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 Oaklands, Wombourne, Wolverhampton, WV5