Redhill, Stourbridge, DY8

Street Guide For Redhill, Stourbridge, DY8

 

Redhill, Stourbridge, DY8 Map

Estimated Price: £211,023
Average Asking Price: £194,074
Price change in last one year: £10,000
Average Price Paid: £204,454
Average Rent Rates: £708

 

Property Prices Breakdown in Redhill, Stourbridge, DY8

Average Price for property in Redhill, Stourbridge, DY8 is around £211,023 which varies based on type of property you are interested in and ranges from £341,580 for detached house to around £306,958 for semi-detached. Similarly terraced house is around £285,388 and a flat is worth £119,150. Values have been changing and have risen £955 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,007 in last 6 months, £10,000 in last 1 year, £15,339 in last 2 years, £15,651 in last 3 years, £10,248 in last 4 years and £8,875 in last 5 years.

Currently average asking price of a property in Redhill, Stourbridge, DY8 is around £194,074 based on approximately 4 properties for sale. Same is the case with rental options based on 56 properties up for rent, average asking rent is around £708 per month.

Estimated property value in Redhill, Stourbridge, DY8 is £211,023. Average asking price is £194,074 while average price paid is £253,625 which is up by £10,000 and Avg. asking rent £708.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 Redhill, Stourbridge, DY8 area. In last 1 year alone average price buyer paid is around £253,625 based on approximately 4 sales in Redhill, Stourbridge, DY8 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £233,214. 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 £204,454 for 11 and average amount paid for purchase of approx. 21 properties sold in last 7 years comes to about £207,572 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 £115,450, £138,050 for a 2 bedroom house, £177,502 for a 3 bedroom house, £302,656 for a 4 bedroom house and £417,589 for a 5 bedroom house. For a flat similarly the prices varies from £93,038 for a single bedroom to £119,971 for a 2 bedroom Flat. To sum up the asking prices for properties in Redhill, Stourbridge, DY8 it comes to around average £97,240 for 1 bedroom property, £131,271 for 2 bedroom, £177,502 for 3 bedroom, £302,656 for 4 bedroom and £417,589 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 £402 for 1 bedroom to £556 for 2 bedrooms, £683 for 3 bedrooms, £693 for 4 bedrooms and £949 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £408. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £507, £524 for 3 bedroom and £347 for 4 bedroom. You should be generally be expecting around average £405 rent per month for single bedroom property, £540 for 2 bedroom, £667 for 3 bedroom, £520 for 4 bedroom and approximately £949 for a 5 bedroom property in Redhill, Stourbridge, DY8 area.

Popular Houses in Redhill, Stourbridge, DY8

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 Redhill, Stourbridge, DY8