Somerville Road, Small Heath, Birmingham, B10

Street Guide For Somerville Road, Small Heath, Birmingham, B10

 

Somerville Road, Small Heath, Birmingham, B10 Map

Estimated Price: £135,369
Average Asking Price: £132,555
Price change in last one year: £8,700
Average Price Paid: £113,099
Average Rent Rates: £858

 

Property Prices Breakdown in Somerville Road, Small Heath, Birmingham, B10

Average Price for property in Somerville Road, Small Heath, Birmingham, B10 is around £135,369 which varies based on type of property you are interested in and ranges from £153,343 for semi-detached to around £130,528 for terraced house. Values have been changing and have risen £398 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £828 in last 6 months, £8,700 in last 1 year, £14,952 in last 2 years, £14,866 in last 3 years, £12,032 in last 4 years and £12,597 in last 5 years.

Currently average asking price of a property in Somerville Road, Small Heath, Birmingham, B10 is around £132,555 based on approximately 5 properties for sale. Same is the case with rental options based on 20 properties up for rent, average asking rent is around £858 per month.

Estimated property value in Somerville Road, Small Heath, Birmingham, B10 is £135,369. Average asking price is £132,555 while average price paid is £102,299 which is up by £8,700 and Avg. asking rent £858.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 Somerville Road, Small Heath, Birmingham, B10 area. In last 1 year alone average price buyer paid is around £102,299 based on approximately 5 sales in Somerville Road, Small Heath, Birmingham, B10 area alone. If you compare it to last 3 years sales of 14 properties where buyers paid around £113,785. 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 £113,099 for 20 and average amount paid for purchase of approx. 31 properties sold in last 7 years comes to about £121,419 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 2 bedroom is around £103,386, £127,026 for a 3 bedroom house and £163,800 for a 4 bedroom house. For a flat similarly the prices varies from £63,462 for a single bedroom to £73,990 for a 2 bedroom Flat. To sum up the asking prices for properties in Somerville Road, Small Heath, Birmingham, B10 it comes to around average £63,462 for 1 bedroom property, £94,200 for 2 bedroom, £127,026 for 3 bedroom and £163,800 for 4 bedroom.

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 £793 for 1 bedroom to £498 for 2 bedroom, £598 for 3 bedroom and £776 for 4 bedroom. But if you are interested in renting a 3 bedroom flat then rent per month can be around £581. You should be generally be expecting around average £793 rent per month for single bedroom property, £498 for 2 bedroom, £590 for 3 bedroom and approximately £776 for 4 bedroom property in Somerville Road, Small Heath, Birmingham, B10 area.

Popular Houses in Somerville Road, Small Heath, Birmingham, B10

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 Somerville Road, Small Heath, Birmingham, B10