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.