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Postcode Overview
of B31 5LR
B31 5LR is a residential postcode located on Lomas Drive, Birmingham, B31. It is the 1102nd largest postcode in the B31 area.
It contains 62 residential addresses consisting of 6 houses, 39 flats and 17 unknown and the most common type of property is a mid-century flat built between 1936 and 1979.
Average property prices
in B31 5LR
The average house value is £123,959. Sales values have increased in the last 12 months by 4.2% and Rental values have increased by 3.3%.
Property sale values range from £110,277 for a leasehold flat, with 2 bedrooms split across 517 square feet of gross internal area and has no outside space to £262,553 for a freehold house, with 3 bedrooms split across 883 square feet of gross internal area and has a garden.
Average £/ft2 for properties in B31 5LR is £194/ft2.
Properties achieve a rental yield of between 5.5% and 8.1%, and rental values range from £749 to £1,218 per month.
Recent sales
within B31 5LR
The last sale was 31 Jan 2024 for £130,000 and since then the market in the area has increased by 4%. The postcode has had a total of 4 sales since 1995.
B31 5LR has seen 4 sales in the last three years and 3 sales in the last twelve months.
Nearby postcodes
to B31 5LR
B31 5LR is the 1102nd largest and the 119th most expensive postcode out of the 1,126 postcodes in the B31 area.
Nearby postcodes
to B31 5LR
B31 5LR is the 1102nd largest and the 119th most expensive postcode out of the 1,126 postcodes in the B31 area.
Property types
in B31 5LR
B31 5LR is a residential postcode located on Lomas Drive, Birmingham, B31 with 6 houses, 39 flats and 17 unknown within its bounds.
The most common property type in B31 5LR is a mid-century flat built between 1936 and 1979.
Energy Efficiency
of properties within B31 5LR
The homes with certificates are generally mid-century in style with the most common Energy Performance Certificate (EPC) rating being D.
Schools nearby
to B31 5LR
Public transport nearby
to B31 5LR
The closest station to B31 5LR is Northfield station which is 1.1 kilometres away.
