Values have been changing and have risen £447 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,407 in last 6 months, £7,512 in last 1 year, £12,147 in last 2 years, £10,773 in last 3 years, £11,552 in last 4 years and £12,022 in last 5 years.
Currently average asking price of a property in Lazy Hill, Kings Norton, Birmingham, B38 is around £222,956 based on approximately 5 properties for sale. Same is the case with rental options based on 17 properties up for rent, average asking rent is around £581 per month.
Estimated property value in Lazy Hill, Kings Norton, Birmingham, B38 is £106,248. Average asking price is £222,956 while average price paid is £83,500 which is up by £7,512 and Avg. asking rent £581.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 Lazy Hill, Kings Norton, Birmingham, B38 area. In last 1 year alone average price buyer paid is around £83,500 based on approximately 5 sales in Lazy Hill, Kings Norton, Birmingham, B38 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £82,318. 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 £81,823 for 17 and average amount paid for purchase of approx. 26 properties sold in last 7 years comes to about £86,807 per sale.