Rectory Road, Birmingham, B31

Street Guide For Rectory Road, Birmingham, B31

 

Rectory Road, Birmingham, B31 Map

Estimated Price: £115,911
Average Asking Price: £147,900
Price change in last one year: £7,805
Average Price Paid: £63,078
Average Rent Rates: £647

 

Property Prices Breakdown in Rectory Road, Birmingham, B31

Average Price for property in Rectory Road, Birmingham, B31 is around £115,911 which varies based on type of property you are interested in and ranges from £247,932 for detached house to around £174,695 for semi-detached. Similarly flat is around £80,042. Values have been changing and have risen £902 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,731 in last 6 months, £7,805 in last 1 year, £12,783 in last 2 years, £13,534 in last 3 years, £12,380 in last 4 years and £12,690 in last 5 years.

Currently average asking price of a property in Rectory Road, Birmingham, B31 is around £147,900 based on approximately 1 properties for sale. Same is the case with rental options based on 70 properties up for rent, average asking rent is around £647 per month.

Estimated property value in Rectory Road, Birmingham, B31 is £115,911. Average asking price is £147,900 while average price paid is £55,000 which is up by £7,805 and Avg. asking rent £647.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 Rectory Road, Birmingham, B31 area. In last 1 year alone average price buyer paid is around £55,000 based on approximately 1 sales in Rectory Road, Birmingham, B31 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £55,000. 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 £63,078 for 4 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £85,146 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 £114,342, £132,965 for a 2 bedroom house, £146,194 for a 3 bedroom house, £243,056 for a 4 bedroom house and £338,750 for a 5 bedroom house. For a flat similarly the prices varies from £104,084 for a single bedroom to £92,744 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £87,500. To sum up the asking prices for properties in Rectory Road, Birmingham, B31 it comes to around average £107,206 for 1 bedroom property, £113,257 for 2 bedroom, £144,702 for 3 bedroom, £243,056 for 4 bedroom and £338,750 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 £451 for 1 bedroom to £611 for 2 bedroom, £672 for 3 bedroom and £792 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £473. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £627 and £562 for 3 bedroom. You should be generally be expecting around average £471 rent per month for single bedroom property, £623 for 2 bedroom, £652 for 3 bedroom and approximately £792 for 4 bedroom property in Rectory Road, Birmingham, B31 area.

Popular Houses in Rectory Road, Birmingham, B31

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 Rectory Road, Birmingham, B31