Vicarage Lane, Water Orton, Birmingham, B46

Street Guide For Vicarage Lane, Water Orton, Birmingham, B46

 

Vicarage Lane, Water Orton, Birmingham, B46 Map

Estimated Price: £261,793
Average Asking Price: £298,572
Price change in last one year: £15,426
Average Price Paid: £198,200
Average Rent Rates: £2,951

 

Property Prices Breakdown in Vicarage Lane, Water Orton, Birmingham, B46

Average Price for property in Vicarage Lane, Water Orton, Birmingham, B46 is around £261,793 which varies based on type of property you are interested in and ranges from £377,996 for detached house to around £242,235 for semi-detached. Similarly terraced house is around £236,731 and a flat is worth £146,324. Values have been changing and have risen £379 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,245 in last 6 months, £15,426 in last 1 year, £29,990 in last 2 years, £27,313 in last 3 years, £25,887 in last 4 years and £24,333 in last 5 years.

Currently average asking price of a property in Vicarage Lane, Water Orton, Birmingham, B46 is around £298,572 based on approximately 4 properties for sale. Same is the case with rental options based on 38 properties up for rent, average asking rent is around £2,951 per month.

Estimated property value in Vicarage Lane, Water Orton, Birmingham, B46 is £261,793. Average asking price is £298,572 while average price paid is £208,750 which is up by £15,426 and Avg. asking rent £2,951.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 Vicarage Lane, Water Orton, Birmingham, B46 area. In last 1 year alone average price buyer paid is around £208,750 based on approximately 4 sales in Vicarage Lane, Water Orton, Birmingham, B46 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £193,000. 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 £198,200 for 10 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £187,000 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 1 bedroom is around £199,975, £189,022 for a 2 bedroom house, £286,923 for a 3 bedroom house, £378,539 for a 4 bedroom house and £532,995 for a 5 bedroom house. For a flat similarly the prices varies from £99,846 for a single bedroom to £128,104 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £125,000. To sum up the asking prices for properties in Vicarage Lane, Water Orton, Birmingham, B46 it comes to around average £114,150 for 1 bedroom property, £163,476 for 2 bedroom, £281,340 for 3 bedroom, £378,539 for 4 bedroom and £532,995 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 £451 for 1 bedroom to £609 for 2 bedroom, £676 for 3 bedroom and £1,200 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £488. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £644. You should be generally be expecting around average £475 rent per month for single bedroom property, £634 for 2 bedroom, £676 for 3 bedroom and approximately £1,200 for 4 bedroom property in Vicarage Lane, Water Orton, Birmingham, B46 area.

Popular Houses in Vicarage Lane, Water Orton, Birmingham, B46

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 Vicarage Lane, Water Orton, Birmingham, B46