Riches Street, Wolverhampton, WV6

Street Guide For Riches Street, Wolverhampton, WV6

 

Riches Street, Wolverhampton, WV6 Map

Estimated Price: £147,426
Average Asking Price: £238,911
Price change in last one year: £2,126
Average Price Paid: £130,642
Average Rent Rates: £554

 

Property Prices Breakdown in Riches Street, Wolverhampton, WV6

Average Price for property in Riches Street, Wolverhampton, WV6 is around £147,426 which varies based on type of property you are interested in and ranges from £242,358 for detached house to around £168,190 for semi-detached. Similarly terraced house is around £152,582 and a flat is worth £127,693. Values have been changing and have risen £606 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,557 in last 6 months, £2,126 in last 1 year, £9,531 in last 2 years, £12,834 in last 3 years, £8,425 in last 4 years and £8,626 in last 5 years.

Currently average asking price of a property in Riches Street, Wolverhampton, WV6 is around £238,911 based on approximately 1 properties for sale. Same is the case with rental options based on 108 properties up for rent, average asking rent is around £554 per month.

Estimated property value in Riches Street, Wolverhampton, WV6 is £147,426. Average asking price is £238,911 while average price paid is £112,000 which is up by £2,126 and Avg. asking rent £554.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 Riches Street, Wolverhampton, WV6 area. In last 1 year alone average price buyer paid is around £112,000 based on approximately 1 sales in Riches Street, Wolverhampton, WV6 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £107,500. 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 £130,642 for 7 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £131,812 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 £102,500, £144,955 for a 2 bedroom house, £191,485 for a 3 bedroom house, £326,119 for a 4 bedroom house and £503,143 for a 5 bedroom house. For a flat similarly the prices varies from £86,254 for a single bedroom to £120,953 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £114,965. To sum up the asking prices for properties in Riches Street, Wolverhampton, WV6 it comes to around average £88,284 for 1 bedroom property, £139,546 for 2 bedroom, £189,822 for 3 bedroom, £326,119 for 4 bedroom and £503,143 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 £352 for 1 bedroom to £545 for 2 bedrooms, £603 for 3 bedrooms, £828 for 4 bedrooms and £1,185 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £401. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £494. You should be generally be expecting around average £380 rent per month for single bedroom property, £524 for 2 bedroom, £603 for 3 bedroom, £828 for 4 bedroom and approximately £1,185 for a 5 bedroom property in Riches Street, Wolverhampton, WV6 area.

Popular Houses in Riches Street, Wolverhampton, WV6

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 Riches Street, Wolverhampton, WV6