Average Price for property in Pennyhill Lane, West Bromwich, B71 is around £233,597 which varies based on type of property you are interested in and ranges from £264,728 for detached house to around £197,020 for semi-detached. Similarly terraced house is around £264,276 and a flat is worth £120,119. Values have been changing and have risen £1,542 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,907 in last 6 months, £14,335 in last 1 year, £25,943 in last 2 years, £23,827 in last 3 years, £21,393 in last 4 years and £20,923 in last 5 years.
Currently average asking price of a property in Pennyhill Lane, West Bromwich, B71 is around £149,062 based on approximately 4 properties for sale. Same is the case with rental options based on 57 properties up for rent, average asking rent is around £607 per month.
Estimated property value in Pennyhill Lane, West Bromwich, B71 is £233,597. Average asking price is £149,062 while average price paid is £153,237 which is up by £14,335 and Avg. asking rent £607.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 Pennyhill Lane, West Bromwich, B71 area. In last 1 year alone average price buyer paid is around £153,237 based on approximately 4 sales in Pennyhill Lane, West Bromwich, B71 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £158,493. 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 £148,995 for 12 and average amount paid for purchase of approx. 13 properties sold in last 7 years comes to about £144,457 per sale.