Willes Road, Hockley, Birmingham, B18

Street Guide For Willes Road, Hockley, Birmingham, B18

 

Willes Road, Hockley, Birmingham, B18 Map

Estimated Price: £78,854
Average Asking Price: £163,188
Price change in last one year: £4,621
Average Price Paid: £71,550
Average Rent Rates: £784

 

Property Prices Breakdown in Willes Road, Hockley, Birmingham, B18

Average Price for property in Willes Road, Hockley, Birmingham, B18 is around £78,854 which varies based on type of property you are interested in and ranges from £82,700 for semi-detached to around £78,651 for terraced house. Values have been changing and have risen £150 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £543 in last 6 months, £4,621 in last 1 year, £8,764 in last 2 years, £7,641 in last 3 years, £6,103 in last 4 years and £6,663 in last 5 years.

Currently average asking price of a property in Willes Road, Hockley, Birmingham, B18 is around £163,188 based on approximately 6 properties for sale. Same is the case with rental options based on 60 properties up for rent, average asking rent is around £784 per month.

Estimated property value in Willes Road, Hockley, Birmingham, B18 is £78,854. Average asking price is £163,188 while average price paid is £68,291 which is up by £4,621 and Avg. asking rent £784.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 Willes Road, Hockley, Birmingham, B18 area. In last 1 year alone average price buyer paid is around £68,291 based on approximately 6 sales in Willes Road, Hockley, Birmingham, B18 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £68,343. 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 £71,550 for 15 and average amount paid for purchase of approx. 25 properties sold in last 7 years comes to about £77,910 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 £155,000, £84,740 for a 2 bedroom house, £134,284 for a 3 bedroom house, £191,225 for a 4 bedroom house and £215,544 for a 5 bedroom house. For a flat similarly the prices varies from £90,179 for a single bedroom to £145,195 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £100,000 and £189,950 for a 4 bedroom flat. To sum up the asking prices for properties in Willes Road, Hockley, Birmingham, B18 it comes to around average £99,439 for 1 bedroom property, £104,242 for 2 bedroom, £132,570 for 3 bedroom, £191,127 for 4 bedroom and £215,544 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 £416 for 1 bedroom to £540 for 2 bedroom, £683 for 3 bedroom and £936 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £646. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £854. You should be generally be expecting around average £595 rent per month for single bedroom property, £779 for 2 bedroom, £683 for 3 bedroom and approximately £936 for 4 bedroom property in Willes Road, Hockley, Birmingham, B18 area.

Popular Houses in Willes Road, Hockley, Birmingham, B18

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 Willes Road, Hockley, Birmingham, B18