Johnson Close, Hodge Hill, Birmingham, B8

Street Guide For Johnson Close, Hodge Hill, Birmingham, B8

 

Johnson Close, Hodge Hill, Birmingham, B8 Map

Estimated Price: £224,278
Average Asking Price: £124,304
Price change in last one year: £15,725
Average Price Paid: £206,666
Average Rent Rates: £997

 

Property Prices Breakdown in Johnson Close, Hodge Hill, Birmingham, B8

Average Price for property in Johnson Close, Hodge Hill, Birmingham, B8 is around £224,278 which varies based on type of property you are interested in and ranges from £228,965 for detached house to around £149,308 for semi-detached. Values have been changing and have risen £1,513 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,686 in last 6 months, £15,725 in last 1 year, £23,795 in last 2 years, £26,341 in last 3 years, £19,714 in last 4 years and £23,117 in last 5 years.

Currently average asking price of a property in Johnson Close, Hodge Hill, Birmingham, B8 is around £124,304 based on approximately 1 properties for sale. Same is the case with rental options based on 31 properties up for rent, average asking rent is around £997 per month.

Estimated property value in Johnson Close, Hodge Hill, Birmingham, B8 is £224,278. Average asking price is £124,304 while average price paid is £187,000 which is up by £15,725 and Avg. asking rent £997.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 Johnson Close, Hodge Hill, Birmingham, B8 area. In last 1 year alone average price buyer paid is around £187,000 based on approximately 1 sales in Johnson Close, Hodge Hill, Birmingham, B8 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £206,666. 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 £206,666 for 3 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £206,666 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 £150,000, £99,198 for a 2 bedroom house, £119,893 for a 3 bedroom house, £154,767 for a 4 bedroom house and £203,738 for a 5 bedroom house. For a flat similarly the prices varies from £42,500 for a single bedroom to £60,238 for a 2 bedroom Flat. To sum up the asking prices for properties in Johnson Close, Hodge Hill, Birmingham, B8 it comes to around average £78,333 for 1 bedroom property, £92,704 for 2 bedroom, £119,893 for 3 bedroom, £154,767 for 4 bedroom and £203,738 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 £542 for 1 bedroom to £477 for 2 bedroom and £577 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £384. You should be generally be expecting around average £431 rent per month for single bedroom property, £477 for 2 bedroom and approximately £577 for 3 bedroom property in Johnson Close, Hodge Hill, Birmingham, B8 area.

Popular Houses in Johnson Close, Hodge Hill, Birmingham, B8

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 Johnson Close, Hodge Hill, Birmingham, B8