Shop Lane, Oaken, Wolverhampton, WV8

Street Guide For Shop Lane, Oaken, Wolverhampton, WV8

 

Shop Lane, Oaken, Wolverhampton, WV8 Map

Estimated Price: £262,125
Average Asking Price: £294,806
Price change in last one year: £9,841
Average Price Paid: £180,000
Average Rent Rates: £586

 

Property Prices Breakdown in Shop Lane, Oaken, Wolverhampton, WV8

Average Price for property in Shop Lane, Oaken, Wolverhampton, WV8 is around £262,125 which varies based on type of property you are interested in and ranges from £366,260 for detached house to around £217,497 for semi-detached. Values have been changing and have risen £223 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £54 in last 6 months, £9,841 in last 1 year, £20,762 in last 2 years, £27,490 in last 3 years, £20,366 in last 4 years and £16,827 in last 5 years.

Currently average asking price of a property in Shop Lane, Oaken, Wolverhampton, WV8 is around £294,806 based on approximately 0 properties for sale. Same is the case with rental options based on 20 properties up for rent, average asking rent is around £586 per month.

Estimated property value in Shop Lane, Oaken, Wolverhampton, WV8 is £262,125. Average asking price is £294,806 while average price paid is £180,000 which is up by £16,827 and Avg. asking rent £586.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 Shop Lane, Oaken, Wolverhampton, WV8 area. In last 5 years alone average price buyer paid is around £180,000 based on approximately 1 sales in Shop Lane, Oaken, Wolverhampton, WV8 area alone. If you compare it to last 7 years sales of 2 properties where buyers paid around £195,000.

 
 

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 2 bedroom is around £183,640, £219,337 for a 3 bedroom house, £337,055 for a 4 bedroom house and £606,667 for a 5 bedroom house. For a flat similarly the prices varies from £63,333 for a single bedroom to £286,390 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £105,000. To sum up the asking prices for properties in Shop Lane, Oaken, Wolverhampton, WV8 it comes to around average £63,333 for 1 bedroom property, £217,890 for 2 bedroom, £213,892 for 3 bedroom, £337,055 for 4 bedroom and £606,667 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 £563 for 2 bedroom to £639 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £467. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £560. You should be generally be expecting around average £467 rent per month for single bedroom property, £561 for 2 bedroom and approximately £639 for 3 bedroom property in Shop Lane, Oaken, Wolverhampton, WV8 area.

Popular Houses in Shop Lane, Oaken, Wolverhampton, WV8

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 Shop Lane, Oaken, Wolverhampton, WV8