Pavenham Drive, Birmingham, B5

Street Guide For Pavenham Drive, Birmingham, B5

 

Pavenham Drive, Birmingham, B5 Map

Estimated Price: £353,042
Average Asking Price: £169,700
Price change in last one year: £20,844
Average Price Paid: £343,500
Average Rent Rates: £907

 

Property Prices Breakdown in Pavenham Drive, Birmingham, B5

Average Price for property in Pavenham Drive, Birmingham, B5 is around £353,042 which varies based on type of property you are interested in and ranges from £357,054 for detached house to around £342,164 for semi-detached. Similarly terraced house is around £341,433. Values have been changing and have risen £1,568 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,472 in last 6 months, £20,844 in last 1 year, £39,801 in last 2 years, £41,608 in last 3 years, £36,076 in last 4 years and £38,291 in last 5 years.

Currently average asking price of a property in Pavenham Drive, Birmingham, B5 is around £169,700 based on approximately 1 properties for sale. Same is the case with rental options based on 87 properties up for rent, average asking rent is around £907 per month.

Estimated property value in Pavenham Drive, Birmingham, B5 is £353,042. Average asking price is £169,700 while average price paid is £290,000 which is up by £20,844 and Avg. asking rent £907.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 Pavenham Drive, Birmingham, B5 area. In last 1 year alone average price buyer paid is around £290,000 based on approximately 1 sales in Pavenham Drive, Birmingham, B5 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £290,000. 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 £343,500 for 2 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £332,300 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 £87,000, £165,817 for a 2 bedroom house, £231,731 for a 3 bedroom house and £350,000 for a 5 bedroom house. For a flat similarly the prices varies from £111,352 for a single bedroom to £189,480 for a 2 bedroom Flat. To sum up the asking prices for properties in Pavenham Drive, Birmingham, B5 it comes to around average £110,591 for 1 bedroom property, £187,329 for 2 bedroom, £231,731 for 3 bedroom and £350,000 for 5 bedroom.

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 £448 for 1 bedroom to £726 for 2 bedrooms, £722 for 3 bedrooms, £887 for 4 bedrooms and £886 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £647. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £828 and £1,365 for 3 bedroom. You should be generally be expecting around average £584 rent per month for single bedroom property, £820 for 2 bedroom, £1,043 for 3 bedroom, £887 for 4 bedroom and approximately £886 for a 5 bedroom property in Pavenham Drive, Birmingham, B5 area.

Popular Houses in Pavenham Drive, Birmingham, B5

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 Pavenham Drive, Birmingham, B5