Area Guide For Smethwick

Smethwick - previously a province ward in the district of Staffordshire - is presently a town in the Sandwell Metropolitan Borough, in the West Midlands of England. Arranged close to the edge of the metropolitan district, it outskirts the city of Birmingham to the east. It was proposed that the name Smethwick signified "smiths' work environment", however a later understanding has recommended the name signifies "The settlement on the smooth area". Smethwick was recorded in the Domesday book as Smedeuuich. Until the end of the eighteenth century it was a distant village of the south Staffordshire town of Harborne. Harborne got to be a piece of the area district of Birmingham and along these lines exchanged from Staffordshire to Warwickshire in 1891, leaving Smethwick in the County of Staffordshire. Smethwick is served via prepares on both the Birmingham to Worcester by means of Kidderminster Line and the Rugby-Birmingham-Stafford Line. The previous connections Birmingham Snow Hill station with Worcester, Stratford-upon-Avon and Leamington Spa. The Rugby-Birmingham-Stafford Line joins Birmingham New Street line station, Coventry and Wolverhampton, with ahead associations. The Birmingham Railway, Carriage & Wagon Works was situated in Smethwick until its conclusion; the organization constructed trains for London Underground and additionally tracks over the world.


Smethwick Map

Estimated Price: £131,932
Average Asking Price: £148,061
Price change in last one year: £9,058
Average Price Paid: £120,219
Average Rent Rates: £595


Property Prices Breakdown in Smethwick

Average Price for property in Smethwick is around £131,932 which varies based on type of property you are interested in and ranges from £228,056 for detached house to around £148,107 for semi-detached. Similarly terraced house is around £119,775 and a flat is worth £90,099. Values have been changing and have risen £266 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,327 in last 6 months, £9,058 in last 1 year, £13,424 in last 2 years, £17,388 in last 3 years, £14,486 in last 4 years and £8,327 in last 5 years.

Currently average asking price of a property in Smethwick is around £148,061 based on approximately 448 properties for sale. Same is the case with rental options based on 134 properties up for rent, average asking rent is around £595 per month.

Estimated property value in Smethwick is £131,932. Average asking price is £148,061 while average price paid is £121,679 which is up by £9,058 and Avg. asking rent £595.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 Smethwick area. In last 1 year alone average price buyer paid is around £121,679 based on approximately 448 sales in Smethwick area alone. If you compare it to last 3 years sales of 1,196 properties where buyers paid around £120,127. 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 £120,219 for 1,953 and average amount paid for purchase of approx. 2,755 properties sold in last 7 years comes to about £121,905 per sale.


Properties For Sale in Smethwick


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 £59,950, £116,898 for a 2 bedroom house, £137,299 for a 3 bedroom house, £202,813 for a 4 bedroom house and £270,100 for a 5 bedroom house. For a flat similarly the prices varies from £70,031 for a single bedroom to £80,370 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £95,914. To sum up the asking prices for properties in Smethwick it comes to around average £68,911 for 1 bedroom property, £113,034 for 2 bedroom, £135,625 for 3 bedroom, £202,813 for 4 bedroom and £270,100 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 £397 for 1 bedroom to £539 for 2 bedrooms, £603 for 3 bedrooms, £651 for 4 bedrooms and £802 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £457. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £562, £345 for 3 bedroom and £489 for 4 bedroom. You should be generally be expecting around average £437 rent per month for single bedroom property, £541 for 2 bedroom, £590 for 3 bedroom, £586 for 4 bedroom and approximately £802 for a 5 bedroom property in Smethwick area.

Popular Houses in Smethwick

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.

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