B31 2RG is a residential postcode located on Steel Road, Birmingham, B31. It is the 1044th largest postcode in the B31 area.
It contains 48 residential addresses consisting of 12 houses, 28 flats and 8 unknown and the most common type of property is a mid-century flat built between 1936 and 1979.
The average house value is £162,383. Sales values have increased in the last 12 months by 4.1% and Rental values have increased by 3.2%.
Property sale values range from £126,545 for a leasehold flat, with 2 bedrooms split across 570 square feet of gross internal area and has no outside space to £473,778 for a freehold house, with 5 bedrooms split across 1,755 square feet of gross internal area and has a garden.
Average £/ft2 for properties in B31 2RG is £309/ft2.
Properties achieve a rental yield of between 3.3% and 7.6%, and rental values range from £695 to £1,340 per month.
The last sale was 22 Dec 2022 for £286,750 and since then the market in the area has increased by 7.5%. The postcode has had a total of 4 sales since 1995.
B31 2RG has seen 3 sales in the last three years and no sales in the last twelve months.
B31 2RG is the 1044th largest and the 224th most expensive postcode out of the 1,126 postcodes in the B31 area.
B31 2RG is the 1044th largest and the 224th most expensive postcode out of the 1,126 postcodes in the B31 area.
B31 2RG is a residential postcode located on Steel Road, Birmingham, B31 with 12 houses, 28 flats and 8 unknown within its bounds.
The most common property type in B31 2RG is a mid-century flat built between 1936 and 1979.
The homes with certificates are generally mid-century in style with the most common Energy Performance Certificate (EPC) rating being D.
The closest station to B31 2RG is Northfield station which is 700 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around B31 2RG, 44.2% of property is privately owned outright and 27.9% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around B31 2RG, 7.6% of residents are recorded as possessing school level qualifications and 27.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around B31 2RG, the average age was 41.3 and the most common age was 32.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around B31 2RG, 1.1% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around B31 2RG, there are an average of 1.2 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.