The Ridgeway, Erdington, Birmingham, B23

Street Guide For The Ridgeway, Erdington, Birmingham, B23

 
 

The Ridgeway, Erdington, Birmingham, B23 Map

Estimated Price: £111,011
Average Asking Price: £124,475
Price change in last one year: £6,808
Average Price Paid: £101,750
Average Rent Rates: £657

Lloyds Property Services
4 Wood End Road BIRMINGHAM Warwickshire
Lloyds Property Services
Lloyds Property Services, 4, Wood End Road

Free House valuation

 

Property Prices Breakdown in The Ridgeway, Erdington, Birmingham, B23

Average Price for property in The Ridgeway, Erdington, Birmingham, B23 is around £111,011 which varies based on type of property you are interested in and ranges from £130,801 for detached house to around £111,156 for semi-detached. Similarly terraced house is around £110,410. Values have been changing and have risen £218 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £651 in last 6 months, £6,808 in last 1 year, £11,368 in last 2 years, £11,055 in last 3 years, £9,365 in last 4 years and £10,393 in last 5 years.

Currently average asking price of a property in The Ridgeway, Erdington, Birmingham, B23 is around £124,475 based on approximately 2 properties for sale. Same is the case with rental options based on 127 properties up for rent, average asking rent is around £657 per month.

Estimated property value in The Ridgeway, Erdington, Birmingham, B23 is £111,011. Average asking price is £124,475 while average price paid is £107,500 which is up by £6,808 and Avg. asking rent £657.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 The Ridgeway, Erdington, Birmingham, B23 area. In last 1 year alone average price buyer paid is around £107,500 based on approximately 2 sales in The Ridgeway, Erdington, Birmingham, B23 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £104,777. 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 £101,750 for 12 and average amount paid for purchase of approx. 21 properties sold in last 7 years comes to about £101,071 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 £44,650, £118,445 for a 2 bedroom house, £129,077 for a 3 bedroom house, £188,630 for a 4 bedroom house and £242,500 for a 5 bedroom house. For a flat similarly the prices varies from £64,372 for a single bedroom to £78,476 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £80,000. To sum up the asking prices for properties in The Ridgeway, Erdington, Birmingham, B23 it comes to around average £59,442 for 1 bedroom property, £94,634 for 2 bedroom, £128,133 for 3 bedroom, £188,630 for 4 bedroom and £242,500 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 £364 for 1 bedroom to £528 for 2 bedrooms, £608 for 3 bedrooms, £788 for 4 bedrooms and £1,303 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £447. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £546 and £1,200 for 3 bedroom. You should be generally be expecting around average £400 rent per month for single bedroom property, £539 for 2 bedroom, £631 for 3 bedroom, £788 for 4 bedroom and approximately £1,303 for a 5 bedroom property in The Ridgeway, Erdington, Birmingham, B23 area.

Popular Houses in The Ridgeway, Erdington, Birmingham, B23

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 The Ridgeway, Erdington, Birmingham, B23