Values have been changing and have risen £382 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,334 in last 6 months, £7,577 in last 1 year, £14,339 in last 2 years, £14,952 in last 3 years, £13,358 in last 4 years and £13,740 in last 5 years.
Currently average asking price of a property in Stornoway Road, Castle Vale, Birmingham, B35 is around £127,683 based on approximately 2 properties for sale. Same is the case with rental options based on 5 properties up for rent, average asking rent is around £517 per month.
Estimated property value in Stornoway Road, Castle Vale, Birmingham, B35 is £129,560. Average asking price is £127,683 while average price paid is £129,000 which is up by £7,577 and Avg. asking rent £517.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 Stornoway Road, Castle Vale, Birmingham, B35 area. In last 1 year alone average price buyer paid is around £129,000 based on approximately 2 sales in Stornoway Road, Castle Vale, Birmingham, B35 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £105,800. 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 £101,928 for 7 and average amount paid for purchase of approx. 11 properties sold in last 7 years comes to about £100,495 per sale.