New Street, Birmingham, B2

Street Guide For New Street, Birmingham, B2

 

New Street, Birmingham, B2 Map

Estimated Price: £160,022
Average Asking Price: £151,486
Price change in last one year: £9,205
Average Price Paid: £134,153
Average Rent Rates: £1,041

 

Property Prices Breakdown in New Street, Birmingham, B2

Average Price for property in New Street, Birmingham, B2 is around £160,022 which varies based on type of property you are interested in and ranges from £175,849 for detached house to around £159,865 for a flat. Values have been changing and have risen £766 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,072 in last 6 months, £9,205 in last 1 year, £18,121 in last 2 years, £18,895 in last 3 years, £16,453 in last 4 years and £17,351 in last 5 years.

Currently average asking price of a property in New Street, Birmingham, B2 is around £151,486 based on approximately 16 properties for sale. Same is the case with rental options based on 33 properties up for rent, average asking rent is around £1,041 per month.

Estimated property value in New Street, Birmingham, B2 is £160,022. Average asking price is £151,486 while average price paid is £135,500 which is up by £9,205 and Avg. asking rent £1,041.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 New Street, Birmingham, B2 area. In last 1 year alone average price buyer paid is around £135,500 based on approximately 16 sales in New Street, Birmingham, B2 area alone. If you compare it to last 3 years sales of 26 properties where buyers paid around £134,901. 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 £134,153 for 29 and average amount paid for purchase of approx. 135 properties sold in last 7 years comes to about £161,340 per sale.

 
 

For a flat similarly the prices varies from £100,000 for a single bedroom to £208,150 for a 2 bedroom Flat. To sum up the asking prices for properties in New Street, Birmingham, B2 it comes to around average £100,000 for 1 bedroom property and £208,150 for 2 bedroom.

But if you are interested in renting a 1 bedroom flat then rent per month can be around £718. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,248. You should be generally be expecting around average £718 rent per month for single bedroom property and approximately £1,248 for 2 bedroom property in New Street, Birmingham, B2 area.

Popular Houses in New Street, Birmingham, B2

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 New Street, Birmingham, B2