In the West Midlands region, the average property price is £631,577, which represents a 1.59% annual change. The premium price threshold in West Midlands is £474,000, which means that the top 5% of sales in the region were above this figure. Over the last 12 months the average price per square foot has been around £319. The total value of sales over the past year has been £2.1 billion with 187 sales at or over £1 million.
While some areas within the West Midlands have seen a decrease in the average property price, others have performed extremely well. Wolverhampton has seen the greatest change with a staggering 20% annual increase in price, followed by Lichfield with a 19% average price increase and Hereford increasing by 10% in the last 12 months.
The highest premium threshold in the West Midlands is in Hereford at £531,000, with Lichfield not far behind at £525,000.
This imposing detached Arts and Crafts style residence features two driveways and was built in the late 1920's on a substantial 1.5-acre plot. An elegant formal dining room with beautiful plaster work, an extremely large games room and seven bedrooms makes this home perfect for entertaining guests. The property also features a converted stable block, providing additional accommodation.
In a picturesque position, away from the main roads, Rowl Farm is an attractive four-bedroom, detached smallholding, which has been modernised to a high standard, whilst retaining its charming period features. All the land at Rowl Farm extends to approximately 11.5 acres comprising a range of outbuildings, a level permanent pasture and a small orchard.
This impressive character house is situated on approximately five acres, which include a detached double garage, an indoor swimming pool with changing rooms, an entertainment decking area with built-in entertainment system, secluded gardens and a paddock. The property is set in an ideal location for families, close to amenities, commuter routes and good schooling.
Our agents are experts in the premium property market. To find out more about selling your home in the West Midlands region or elsewhere in the UK or overseas, get in touch with your local Fine & Country agent today.
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