Wellfield Road, Birmingham, B28

Street Guide For Wellfield Road, Birmingham, B28

 

Wellfield Road, Birmingham, B28 Map

Estimated Price: £149,313
Average Asking Price: £210,919
Price change in last one year: £9,559
Average Price Paid: £130,931
Average Rent Rates: £626

 

Property Prices Breakdown in Wellfield Road, Birmingham, B28

Average Price for property in Wellfield Road, Birmingham, B28 is around £149,313 which varies based on type of property you are interested in and ranges from £149,747 for semi-detached to around £148,815 for terraced house. Values have been changing and have risen £644 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,957 in last 6 months, £9,559 in last 1 year, £15,157 in last 2 years, £16,083 in last 3 years, £15,633 in last 4 years and £16,191 in last 5 years.

Currently average asking price of a property in Wellfield Road, Birmingham, B28 is around £210,919 based on approximately 1 properties for sale. Same is the case with rental options based on 52 properties up for rent, average asking rent is around £626 per month.

Estimated property value in Wellfield Road, Birmingham, B28 is £149,313. Average asking price is £210,919 while average price paid is £145,000 which is up by £9,559 and Avg. asking rent £626.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 Wellfield Road, Birmingham, B28 area. In last 1 year alone average price buyer paid is around £145,000 based on approximately 1 sales in Wellfield Road, Birmingham, B28 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £128,500. 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 £130,931 for 8 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £129,579 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 £129,950, £152,327 for a 2 bedroom house, £200,512 for a 3 bedroom house, £278,488 for a 4 bedroom house and £312,143 for a 5 bedroom house. For a flat similarly the prices varies from £82,483 for a single bedroom to £154,875 for a 2 bedroom Flat. To sum up the asking prices for properties in Wellfield Road, Birmingham, B28 it comes to around average £89,264 for 1 bedroom property, £153,111 for 2 bedroom, £200,512 for 3 bedroom, £278,488 for 4 bedroom and £312,143 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 £404 for 1 bedroom to £399 for 2 bedroom, £714 for 3 bedroom and £802 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £489. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £598 and £576 for 3 bedroom. You should be generally be expecting around average £450 rent per month for single bedroom property, £565 for 2 bedroom, £708 for 3 bedroom and approximately £802 for 4 bedroom property in Wellfield Road, Birmingham, B28 area.

Popular Houses in Wellfield Road, Birmingham, B28

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 Wellfield Road, Birmingham, B28