Springhill Avenue, Penn, Wolverhampton, WV4

Street Guide For Springhill Avenue, Penn, Wolverhampton, WV4

 

Springhill Avenue, Penn, Wolverhampton, WV4 Map

Estimated Price: £181,552
Average Asking Price: £195,387
Price change in last one year: £5,128
Average Price Paid: £149,864
Average Rent Rates: £576

 

Property Prices Breakdown in Springhill Avenue, Penn, Wolverhampton, WV4

Average Price for property in Springhill Avenue, Penn, Wolverhampton, WV4 is around £181,552 which varies based on type of property you are interested in and ranges from £191,287 for detached house to around £183,365 for semi-detached. Similarly terraced house is around £165,235. Values have been changing and have risen £413 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,862 in last 6 months, £5,128 in last 1 year, £13,795 in last 2 years, £16,512 in last 3 years, £13,423 in last 4 years and £13,171 in last 5 years.

Currently average asking price of a property in Springhill Avenue, Penn, Wolverhampton, WV4 is around £195,387 based on approximately 4 properties for sale. Same is the case with rental options based on 121 properties up for rent, average asking rent is around £576 per month.

Estimated property value in Springhill Avenue, Penn, Wolverhampton, WV4 is £181,552. Average asking price is £195,387 while average price paid is £156,250 which is up by £5,128 and Avg. asking rent £576.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 Springhill Avenue, Penn, Wolverhampton, WV4 area. In last 1 year alone average price buyer paid is around £156,250 based on approximately 4 sales in Springhill Avenue, Penn, Wolverhampton, WV4 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £156,250. 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 £149,864 for 7 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £149,400 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 £176,832, £167,029 for a 3 bedroom house, £293,928 for a 4 bedroom house and £320,890 for a 5 bedroom house. For a flat similarly the prices varies from £63,283 for a single bedroom to £116,468 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £75,000 and £425,000 for a 4 bedroom flat. To sum up the asking prices for properties in Springhill Avenue, Penn, Wolverhampton, WV4 it comes to around average £63,283 for 1 bedroom property, £144,135 for 2 bedroom, £165,568 for 3 bedroom, £296,977 for 4 bedroom and £320,890 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 £394 for 1 bedroom to £629 for 2 bedroom, £620 for 3 bedroom and £795 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £384. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £509 and £506 for 3 bedroom. You should be generally be expecting around average £389 rent per month for single bedroom property, £527 for 2 bedroom, £606 for 3 bedroom and approximately £795 for 4 bedroom property in Springhill Avenue, Penn, Wolverhampton, WV4 area.

Popular Houses in Springhill Avenue, Penn, Wolverhampton, WV4

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 Springhill Avenue, Penn, Wolverhampton, WV4