Average Price for property in Rea Road, Northfield, Birmingham, B31 is around £174,464 which varies based on type of property you are interested in and ranges from £254,492 for detached house to around £193,075 for semi-detached. Similarly terraced house is around £198,978 and a flat is worth £138,015. Values have been changing and have risen £1,282 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,883 in last 6 months, £11,100 in last 1 year, £18,177 in last 2 years, £19,244 in last 3 years, £17,599 in last 4 years and £18,036 in last 5 years.
Currently average asking price of a property in Rea Road, Northfield, Birmingham, B31 is around £147,964 based on approximately 10 properties for sale. Same is the case with rental options based on 71 properties up for rent, average asking rent is around £646 per month.
Estimated property value in Rea Road, Northfield, Birmingham, B31 is £174,464. Average asking price is £147,964 while average price paid is £135,880 which is up by £11,100 and Avg. asking rent £646.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 Rea Road, Northfield, Birmingham, B31 area. In last 1 year alone average price buyer paid is around £135,880 based on approximately 10 sales in Rea Road, Northfield, Birmingham, B31 area alone. If you compare it to last 3 years sales of 18 properties where buyers paid around £141,902. 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 £146,497 for 37 and average amount paid for purchase of approx. 41 properties sold in last 7 years comes to about £147,278 per sale.