Severn Street, Birmingham, B1

Street Guide For Severn Street, Birmingham, B1

 

Severn Street, Birmingham, B1 Map

Estimated Price: £194,089
Average Asking Price: £205,787
Price change in last one year: £11,222
Average Price Paid: £171,124
Average Rent Rates: £880

 

Property Prices Breakdown in Severn Street, Birmingham, B1

Average Price for property in Severn Street, Birmingham, B1 is around £194,089 which varies based on type of property you are interested in and ranges from £199,793 for detached house to around £193,790 for a flat. Values have been changing and have risen £937 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,539 in last 6 months, £11,222 in last 1 year, £22,004 in last 2 years, £22,931 in last 3 years, £19,957 in last 4 years and £21,045 in last 5 years.

Currently average asking price of a property in Severn Street, Birmingham, B1 is around £205,787 based on approximately 2 properties for sale. Same is the case with rental options based on 102 properties up for rent, average asking rent is around £880 per month.

Estimated property value in Severn Street, Birmingham, B1 is £194,089. Average asking price is £205,787 while average price paid is £133,000 which is up by £11,222 and Avg. asking rent £880.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 Severn Street, Birmingham, B1 area. In last 1 year alone average price buyer paid is around £133,000 based on approximately 2 sales in Severn Street, Birmingham, B1 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £144,833. 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 £171,124 for 4 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £171,124 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 2 bedroom is around £119,950, £325,000 for a 3 bedroom house and £300,000 for a 4 bedroom house. For a flat similarly the prices varies from £131,865 for a single bedroom to £219,263 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £513,917. To sum up the asking prices for properties in Severn Street, Birmingham, B1 it comes to around average £131,865 for 1 bedroom property, £217,353 for 2 bedroom, £486,929 for 3 bedroom and £300,000 for 4 bedroom.

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 £464 for 1 bedroom to £1,300 for 2 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £677. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,099 and £1,786 for 3 bedroom. You should be generally be expecting around average £663 rent per month for single bedroom property, £1,103 for 2 bedroom and approximately £1,786 for 3 bedroom property in Severn Street, Birmingham, B1 area.

Popular Houses in Severn Street, Birmingham, B1

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 Severn Street, Birmingham, B1