Average Price for property in Patch Lane, Redditch, B98 is around £124,975 which varies based on type of property you are interested in and ranges from £149,429 for detached house to around £128,756 for semi-detached. Similarly terraced house is around £123,888. Values have been changing and have risen £644 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,188 in last 6 months, £9,076 in last 1 year, £14,727 in last 2 years, £15,330 in last 3 years, £14,428 in last 4 years and £14,772 in last 5 years.
Currently average asking price of a property in Patch Lane, Redditch, B98 is around £196,736 based on approximately 7 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 Patch Lane, Redditch, B98 is £124,975. Average asking price is £196,736 while average price paid is £124,214 which is up by £9,076 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 Patch Lane, Redditch, B98 area. In last 1 year alone average price buyer paid is around £124,214 based on approximately 7 sales in Patch Lane, Redditch, B98 area alone. If you compare it to last 3 years sales of 12 properties where buyers paid around £115,458. 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 £109,891 for 23 and average amount paid for purchase of approx. 25 properties sold in last 7 years comes to about £109,920 per sale.