Values have been changing and have risen £870 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,140 in last 6 months, £9,783 in last 1 year, £14,860 in last 2 years, £17,714 in last 3 years, £15,432 in last 4 years and £15,357 in last 5 years.
Currently average asking price of a property in Westwood Drive, Rubery, Rednal, Birmingham, B45 is around £213,141 based on approximately 1 properties for sale. Same is the case with rental options based on 42 properties up for rent, average asking rent is around £839 per month.
Estimated property value in Westwood Drive, Rubery, Rednal, Birmingham, B45 is £158,156. Average asking price is £213,141 while average price paid is £157,000 which is up by £9,783 and Avg. asking rent £839.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 Westwood Drive, Rubery, Rednal, Birmingham, B45 area. In last 1 year alone average price buyer paid is around £157,000 based on approximately 1 sales in Westwood Drive, Rubery, Rednal, Birmingham, B45 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £125,937. 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 £127,833 for 12 and average amount paid for purchase of approx. 16 properties sold in last 7 years comes to about £126,809 per sale.