Wheelers Lane, Kings Heath, Birmingham, B13

Street Guide For Wheelers Lane, Kings Heath, Birmingham, B13

 

Wheelers Lane, Kings Heath, Birmingham, B13 Map

Estimated Price: £279,868
Average Asking Price: £239,057
Price change in last one year: £16,057
Average Price Paid: £263,131
Average Rent Rates: £773

 

Property Prices Breakdown in Wheelers Lane, Kings Heath, Birmingham, B13

Average Price for property in Wheelers Lane, Kings Heath, Birmingham, B13 is around £279,868 which varies based on type of property you are interested in and ranges from £305,145 for detached house to around £264,863 for semi-detached. Similarly terraced house is around £226,482. Values have been changing and have risen £924 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,455 in last 6 months, £16,057 in last 1 year, £29,959 in last 2 years, £29,984 in last 3 years, £25,730 in last 4 years and £27,552 in last 5 years.

Currently average asking price of a property in Wheelers Lane, Kings Heath, Birmingham, B13 is around £239,057 based on approximately 5 properties for sale. Same is the case with rental options based on 88 properties up for rent, average asking rent is around £773 per month.

Estimated property value in Wheelers Lane, Kings Heath, Birmingham, B13 is £279,868. Average asking price is £239,057 while average price paid is £253,190 which is up by £16,057 and Avg. asking rent £773.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 Wheelers Lane, Kings Heath, Birmingham, B13 area. In last 1 year alone average price buyer paid is around £253,190 based on approximately 5 sales in Wheelers Lane, Kings Heath, Birmingham, B13 area alone. If you compare it to last 3 years sales of 16 properties where buyers paid around £257,329. 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 £263,131 for 23 and average amount paid for purchase of approx. 29 properties sold in last 7 years comes to about £250,055 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 £86,500, £121,743 for a 2 bedroom house, £209,443 for a 3 bedroom house, £396,014 for a 4 bedroom house and £377,873 for a 5 bedroom house. For a flat similarly the prices varies from £95,966 for a single bedroom to £137,867 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £277,488 and £362,475 for a 4 bedroom flat. To sum up the asking prices for properties in Wheelers Lane, Kings Heath, Birmingham, B13 it comes to around average £95,492 for 1 bedroom property, £133,763 for 2 bedroom, £216,422 for 3 bedroom, £393,850 for 4 bedroom and £377,873 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 £406 for 1 bedroom to £727 for 2 bedrooms, £690 for 3 bedrooms, £1,138 for 4 bedrooms and £999 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £534. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £705. You should be generally be expecting around average £500 rent per month for single bedroom property, £713 for 2 bedroom, £690 for 3 bedroom, £1,138 for 4 bedroom and approximately £999 for a 5 bedroom property in Wheelers Lane, Kings Heath, Birmingham, B13 area.

Popular Houses in Wheelers Lane, Kings Heath, Birmingham, B13

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 Wheelers Lane, Kings Heath, Birmingham, B13