Spernal Lane, Spernal, Studley, B80

Street Guide For Spernal Lane, Spernal, Studley, B80

 
 

Spernal Lane, Spernal, Studley, B80 Map

Estimated Price: £478,569
Average Asking Price: £319,455
Price change in last one year: £29,014
Average Price Paid: £355,833
Average Rent Rates: £991

AP Morgan Estate Agents - Redditch
12 Church Green East, Redditch B98 8BP

Free House valuation

 

Property Prices Breakdown in Spernal Lane, Spernal, Studley, B80

Average Price for property in Spernal Lane, Spernal, Studley, B80 is around £478,569 which varies based on type of property you are interested in and ranges from £510,936 for detached house to around £288,558 for semi-detached. Values have been changing and have risen £1,363 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,416 in last 6 months, £29,014 in last 1 year, £50,895 in last 2 years, £52,678 in last 3 years, £47,791 in last 4 years and £49,613 in last 5 years.

Currently average asking price of a property in Spernal Lane, Spernal, Studley, B80 is around £319,455 based on approximately 0 properties for sale. Same is the case with rental options based on 8 properties up for rent, average asking rent is around £991 per month.

Estimated property value in Spernal Lane, Spernal, Studley, B80 is £478,569. Average asking price is £319,455 while average price paid is £575,000 which is up by £52,678 and Avg. asking rent £991.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 Spernal Lane, Spernal, Studley, B80 area. In last 3 years alone average price buyer paid is around £575,000 based on approximately 1 sales in Spernal Lane, Spernal, Studley, B80 area alone. If you compare it to last 5 years sales of 3 properties where buyers paid around £355,833. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £355,833 for 3 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 £240,000, £285,490 for a 3 bedroom house, £464,988 for a 4 bedroom house and £562,500 for a 5 bedroom house. For a flat similarly the prices varies from £117,475 for a 2 bedroom to £110,000 for a 3 bedroom Flat. To sum up the asking prices for properties in Spernal Lane, Spernal, Studley, B80 it comes to around average £178,738 for 2 bedroom property, £269,536 for 3 bedroom, £464,988 for 4 bedroom and £562,500 for 5 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 £875 for 1 bedroom to £1,352 for 2 bedroom and £693 for 3 bedroom. You should be generally be expecting around average £875 rent per month for single bedroom property, £1,352 for 2 bedroom and approximately £693 for 3 bedroom property in Spernal Lane, Spernal, Studley, B80 area.

Popular Houses in Spernal Lane, Spernal, Studley, B80

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 Spernal Lane, Spernal, Studley, B80