Penstock Drive, Oldbury, B69

Street Guide For Penstock Drive, Oldbury, B69

 
 

Penstock Drive, Oldbury, B69 Map

Estimated Price: £157,419
Average Asking Price: £139,893
Price change in last one year: £10,024
Average Price Paid: £148,500
Average Rent Rates: £851

Black Country Homes Ltd
58 Birmingham Street Oldbury West Midlands B69 4DZ

Free House valuation

 

Property Prices Breakdown in Penstock Drive, Oldbury, B69

Average Price for property in Penstock Drive, Oldbury, B69 is around £157,419 which varies based on type of property you are interested in and ranges from £228,914 for detached house to around £152,412 for semi-detached. Similarly terraced house is around £144,294. Values have been changing and have risen £818 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,448 in last 6 months, £10,024 in last 1 year, £17,740 in last 2 years, £15,262 in last 3 years, £13,704 in last 4 years and £15,948 in last 5 years.

Currently average asking price of a property in Penstock Drive, Oldbury, B69 is around £139,893 based on approximately 1 properties for sale. Same is the case with rental options based on 85 properties up for rent, average asking rent is around £851 per month.

Estimated property value in Penstock Drive, Oldbury, B69 is £157,419. Average asking price is £139,893 while average price paid is £197,000 which is up by £10,024 and Avg. asking rent £851.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 Penstock Drive, Oldbury, B69 area. In last 1 year alone average price buyer paid is around £197,000 based on approximately 1 sales in Penstock Drive, Oldbury, B69 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £154,500. 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 £148,500 for 4 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £146,500 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 £81,975, £115,112 for a 2 bedroom house, £137,938 for a 3 bedroom house, £214,531 for a 4 bedroom house and £197,500 for a 5 bedroom house. For a flat similarly the prices varies from £80,375 for a single bedroom to £88,264 for a 2 bedroom Flat. To sum up the asking prices for properties in Penstock Drive, Oldbury, B69 it comes to around average £81,175 for 1 bedroom property, £104,474 for 2 bedroom, £137,938 for 3 bedroom, £214,531 for 4 bedroom and £197,500 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 £289 for 1 bedroom to £517 for 2 bedrooms, £568 for 3 bedrooms, £699 for 4 bedrooms and £973 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £408. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £509 and £576 for 3 bedroom. You should be generally be expecting around average £380 rent per month for single bedroom property, £511 for 2 bedroom, £568 for 3 bedroom, £699 for 4 bedroom and approximately £973 for a 5 bedroom property in Penstock Drive, Oldbury, B69 area.

Popular Houses in Penstock Drive, Oldbury, B69

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 Penstock Drive, Oldbury, B69