Parkfield Close, Redditch, B98

Street Guide For Parkfield Close, Redditch, B98

 
 

Parkfield Close, Redditch, B98 Map

Estimated Price: £118,323
Average Asking Price: £196,736
Price change in last one year: £8,592
Average Price Paid: £108,000
Average Rent Rates: £2,042

AP Morgan Estate Agents - Redditch
12 Church Green East, Redditch B98 8BP

Free House valuation

 

Property Prices Breakdown in Parkfield Close, Redditch, B98

Average Price for property in Parkfield Close, Redditch, B98 is around £118,323 e.g. average price for terraced house is around 118,323. Values have been changing and have risen £611 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,072 in last 6 months, £8,592 in last 1 year, £13,943 in last 2 years, £14,511 in last 3 years, £13,658 in last 4 years and £13,982 in last 5 years.

Currently average asking price of a property in Parkfield Close, Redditch, B98 is around £196,736 based on approximately 2 properties for sale. Same is the case with rental options based on 67 properties up for rent, average asking rent is around £2,042 per month.

Estimated property value in Parkfield Close, Redditch, B98 is £118,323. Average asking price is £196,736 while average price paid is £111,000 which is up by £8,592 and Avg. asking rent £2,042.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 Parkfield Close, Redditch, B98 area. In last 1 year alone average price buyer paid is around £111,000 based on approximately 2 sales in Parkfield Close, Redditch, B98 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £108,000. 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 £108,000 for 3 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £108,000 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 £360,000, £118,612 for a 2 bedroom house, £145,349 for a 3 bedroom house, £264,777 for a 4 bedroom house and £337,333 for a 5 bedroom house. For a flat similarly the prices varies from £70,636 for a single bedroom to £91,781 for a 2 bedroom Flat. To sum up the asking prices for properties in Parkfield Close, Redditch, B98 it comes to around average £106,806 for 1 bedroom property, £108,435 for 2 bedroom, £145,349 for 3 bedroom, £264,777 for 4 bedroom and £337,333 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 £412 for 1 bedroom to £566 for 2 bedroom, £673 for 3 bedroom and £793 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £519. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £582. You should be generally be expecting around average £501 rent per month for single bedroom property, £576 for 2 bedroom, £673 for 3 bedroom and approximately £793 for 4 bedroom property in Parkfield Close, Redditch, B98 area.

Popular Houses in Parkfield Close, Redditch, B98

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 Parkfield Close, Redditch, B98