Average Price for property in West Midlands is around £180,100 which varies based on type of property you are interested in and ranges from £335,578 for detached house to around £169,341 for semi-detached. Similarly terraced house is around £130,283 and a flat is worth £127,850. Values have been changing and have risen £865 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,619 in last 6 months, £11,704 in last 1 year, £20,268 in last 2 years, £22,977 in last 3 years, £19,980 in last 4 years and £19,274 in last 5 years.
Currently average asking price of a property in West Midlands is around £196,963 based on approximately 28,524 properties for sale. Same is the case with rental options based on 7,995 properties up for rent, average asking rent is around £868 per month.
Estimated property value in West Midlands is £180,100. Average asking price is £196,963 while average price paid is £170,082 which is up by £11,704 and Avg. asking rent £868.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 West Midlands area. In last 1 year alone average price buyer paid is around £170,082 based on approximately 28,524 sales in West Midlands area alone. If you compare it to last 3 years sales of 82,790 properties where buyers paid around £164,709. 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 £163,151 for 132,923 and average amount paid for purchase of approx. 183,169 properties sold in last 7 years comes to about £161,534 per sale.