Area Guide For Solihull

Solihull is a town in the West Midlands of England with a populace of 94,753. It is a piece of the West Midlands conurbation and is found 9 miles (14.5 km) southeast of Birmingham downtown area. It is the biggest town in, and authoritative focus of, the bigger Metropolitan Borough of Solihull, which itself has a populace of 200,400. Generally a piece of Warwickshire, Solihull is a standout amongst the most prosperous towns in the English Midlands. Inhabitants of Solihull and those conceived in the town are alluded to as Silhillians The witticism of Solihull is Urbs in Rure (Town in Country) Solihull is "ordinarily thought" to have gotten its name from the position of St Alphege ward church on a soily slope. The congregation was based on a slope of firm red marl, which turned to sticky mud in wet climate. The town has existed since medieval times when it was established as a business town and it later turned into an essential instructing and mail mentor stop. Solihull likely started to exist around a thousand years prior, as a clearing in the backwoods to which individuals would come to exchange.


Solihull Map

Estimated Price: £328,595
Average Asking Price: £350,427
Price change in last one year: £22,714
Average Price Paid: £272,478
Average Rent Rates: £1,139


Property Prices Breakdown in Solihull

Average Price for property in Solihull is around £328,595 which varies based on type of property you are interested in and ranges from £496,507 for detached house to around £260,825 for semi-detached. Similarly terraced house is around £223,182 and a flat is worth £190,936. Values have been changing and have risen £322 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,846 in last 6 months, £22,714 in last 1 year, £30,580 in last 2 years, £43,733 in last 3 years, £37,095 in last 4 years and £41,602 in last 5 years.

Currently average asking price of a property in Solihull is around £350,427 based on approximately 2,056 properties for sale. Same is the case with rental options based on 159 properties up for rent, average asking rent is around £1,139 per month.

Estimated property value in Solihull is £328,595. Average asking price is £350,427 while average price paid is £285,266 which is up by £22,714 and Avg. asking rent £1,139.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 Solihull area. In last 1 year alone average price buyer paid is around £285,266 based on approximately 2,056 sales in Solihull area alone. If you compare it to last 3 years sales of 6,110 properties where buyers paid around £275,291. 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 £272,478 for 9,776 and average amount paid for purchase of approx. 13,087 properties sold in last 7 years comes to about £267,760 per sale.


Properties For Sale in Solihull


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 £112,329, £227,936 for a 2 bedroom house, £285,889 for a 3 bedroom house, £483,522 for a 4 bedroom house and £679,723 for a 5 bedroom house. For a flat similarly the prices varies from £131,833 for a single bedroom to £189,740 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £300,706. To sum up the asking prices for properties in Solihull it comes to around average £128,799 for 1 bedroom property, £200,870 for 2 bedroom, £286,725 for 3 bedroom, £483,522 for 4 bedroom and £679,723 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 £480 for 1 bedroom to £803 for 2 bedrooms, £886 for 3 bedrooms, £1,569 for 4 bedrooms and £2,095 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £546. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £786 and £945 for 3 bedroom. You should be generally be expecting around average £526 rent per month for single bedroom property, £791 for 2 bedroom, £892 for 3 bedroom, £1,569 for 4 bedroom and approximately £2,095 for a 5 bedroom property in Solihull area.

Popular Houses in Solihull

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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