Oakwood Road, Hollywood, Birmingham, B47

Street Guide For Oakwood Road, Hollywood, Birmingham, B47

 

Oakwood Road, Hollywood, Birmingham, B47 Map

Estimated Price: £243,566
Average Asking Price: £256,221
Price change in last one year: £14,439
Average Price Paid: £216,142
Average Rent Rates: £650

 

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

Average Price for property in Oakwood Road, Hollywood, Birmingham, B47 is around £243,566 which varies based on type of property you are interested in and ranges from £281,934 for detached house to around £259,043 for semi-detached. Similarly terraced house is around £223,253. Values have been changing and have risen £658 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,701 in last 6 months, £14,439 in last 1 year, £24,989 in last 2 years, £25,840 in last 3 years, £23,435 in last 4 years and £24,220 in last 5 years.

Currently average asking price of a property in Oakwood Road, Hollywood, Birmingham, B47 is around £256,221 based on approximately 3 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 Oakwood Road, Hollywood, Birmingham, B47 is £243,566. Average asking price is £256,221 while average price paid is £222,666 which is up by £14,439 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 Oakwood Road, Hollywood, Birmingham, B47 area. In last 1 year alone average price buyer paid is around £222,666 based on approximately 3 sales in Oakwood Road, Hollywood, Birmingham, B47 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £212,200. 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 £216,142 for 7 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £216,142 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 Oakwood 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 Oakwood Road, Hollywood, Birmingham, B47 area.

Popular Houses in Oakwood 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 Oakwood Road, Hollywood, Birmingham, B47