Values have been changing and have risen £171 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,050 in last 6 months, £6,604 in last 1 year, £11,517 in last 2 years, £10,786 in last 3 years, £10,376 in last 4 years and £10,339 in last 5 years.
Currently average asking price of a property in Plane Grove, Chelmsley Wood, Birmingham, B37 is around £172,419 based on approximately 2 properties for sale. Same is the case with rental options based on 40 properties up for rent, average asking rent is around £2,814 per month.
Estimated property value in Plane Grove, Chelmsley Wood, Birmingham, B37 is £105,738. Average asking price is £172,419 while average price paid is £72,975 which is up by £6,604 and Avg. asking rent £2,814.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 Plane Grove, Chelmsley Wood, Birmingham, B37 area. In last 1 year alone average price buyer paid is around £72,975 based on approximately 2 sales in Plane Grove, Chelmsley Wood, Birmingham, B37 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £88,306. 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 £88,871 for 6 and average amount paid for purchase of approx. 11 properties sold in last 7 years comes to about £93,793 per sale.