Average Price for property in Redditch is around £197,971 which varies based on type of property you are interested in and ranges from £291,374 for detached house to around £175,899 for semi-detached. Similarly terraced house is around £138,507 and a flat is worth £115,331. Values have been changing and have risen £593 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,792 in last 6 months, £12,915 in last 1 year, £21,101 in last 2 years, £23,668 in last 3 years, £24,748 in last 4 years and £24,340 in last 5 years.
Currently average asking price of a property in Redditch is around £240,545 based on approximately 1,231 properties for sale. Same is the case with rental options based on 124 properties up for rent, average asking rent is around £1,756 per month.
Estimated property value in Redditch is £197,971. Average asking price is £240,545 while average price paid is £182,678 which is up by £12,915 and Avg. asking rent £1,756.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 Redditch area. In last 1 year alone average price buyer paid is around £182,678 based on approximately 1,231 sales in Redditch area alone. If you compare it to last 3 years sales of 3,308 properties where buyers paid around £174,913. 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 £172,407 for 5,250 and average amount paid for purchase of approx. 6,858 properties sold in last 7 years comes to about £170,413 per sale.