Average Price for property in Penns Lane, Sutton Coldfield, B72 is around £266,645 which varies based on type of property you are interested in and ranges from £408,667 for detached house to around £338,493 for semi-detached. Similarly terraced house is around £169,042 and a flat is worth £145,012. Values have been changing and have risen £831 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,101 in last 6 months, £15,546 in last 1 year, £27,474 in last 2 years, £28,598 in last 3 years, £25,506 in last 4 years and £26,603 in last 5 years.
Currently average asking price of a property in Penns Lane, Sutton Coldfield, B72 is around £260,538 based on approximately 8 properties for sale. Same is the case with rental options based on 32 properties up for rent, average asking rent is around £967 per month.
Estimated property value in Penns Lane, Sutton Coldfield, B72 is £266,645. Average asking price is £260,538 while average price paid is £206,375 which is up by £15,546 and Avg. asking rent £967.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 Penns Lane, Sutton Coldfield, B72 area. In last 1 year alone average price buyer paid is around £206,375 based on approximately 8 sales in Penns Lane, Sutton Coldfield, B72 area alone. If you compare it to last 3 years sales of 20 properties where buyers paid around £193,725. 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 £185,546 for 33 and average amount paid for purchase of approx. 41 properties sold in last 7 years comes to about £186,159 per sale.