Values have been changing and have risen £471 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,483 in last 6 months, £7,914 in last 1 year, £12,793 in last 2 years, £11,343 in last 3 years, £12,161 in last 4 years and £12,653 in last 5 years.
Currently average asking price of a property in Red Hill Grove, Kings Norton, Birmingham, B38 is around £222,956 based on approximately 1 properties for sale. Same is the case with rental options based on 17 properties up for rent, average asking rent is around £581 per month.
Estimated property value in Red Hill Grove, Kings Norton, Birmingham, B38 is £111,911. Average asking price is £222,956 while average price paid is £69,000 which is up by £7,914 and Avg. asking rent £581.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 Red Hill Grove, Kings Norton, Birmingham, B38 area. In last 1 year alone average price buyer paid is around £69,000 based on approximately 1 sales in Red Hill Grove, Kings Norton, Birmingham, B38 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £93,600. 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 £92,666 for 6 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £94,444 per sale.