Average Price for property in Tessall Lane, Rednal, Birmingham, B31 is around £161,665 which varies based on type of property you are interested in and ranges from £211,367 for detached house to around £167,221 for semi-detached. Similarly terraced house is around £150,719 and a flat is worth £85,738. Values have been changing and have risen £1,257 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,808 in last 6 months, £10,885 in last 1 year, £17,824 in last 2 years, £18,870 in last 3 years, £17,256 in last 4 years and £17,685 in last 5 years.
Currently average asking price of a property in Tessall Lane, Rednal, Birmingham, B31 is around £147,964 based on approximately 10 properties for sale. Same is the case with rental options based on 71 properties up for rent, average asking rent is around £646 per month.
Estimated property value in Tessall Lane, Rednal, Birmingham, B31 is £161,665. Average asking price is £147,964 while average price paid is £160,094 which is up by £10,885 and Avg. asking rent £646.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 Tessall Lane, Rednal, Birmingham, B31 area. In last 1 year alone average price buyer paid is around £160,094 based on approximately 10 sales in Tessall Lane, Rednal, Birmingham, B31 area alone. If you compare it to last 3 years sales of 23 properties where buyers paid around £151,819. 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 £141,831 for 43 and average amount paid for purchase of approx. 58 properties sold in last 7 years comes to about £139,137 per sale.