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 £141,370, £158,208 for a 2 bedroom house, £227,243 for a 3 bedroom house, £409,622 for a 4 bedroom house and £705,693 for a 5 bedroom house. For a flat similarly the prices varies from £230,222 for a single bedroom to £324,190 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £820,675, £1,712,274 for a 4 bedroom flat and £2,880,701 for a 5 bedroom flat. To sum up the asking prices for properties in West Midlands it comes to around average £215,673 for 1 bedroom property, £234,585 for 2 bedroom, £273,125 for 3 bedroom, £432,678 for 4 bedroom and £732,905 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 £722 for 1 bedroom to £841 for 2 bedrooms, £1,093 for 3 bedrooms, £1,753 for 4 bedrooms and £2,500 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,173. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,661, £3,190 for 3 bedroom, £4,766 for 4 bedroom and around £5,540 for 5 bedroom flat. You should be generally be expecting around average £1,088 rent per month for single bedroom property, £1,407 for 2 bedroom, £1,713 for 3 bedroom, £2,180 for 4 bedroom and approximately £2,807 for a 5 bedroom property in West Midlands area.