According to the public record, 151, Hanging Lane, Birmingham is a early-century freehold house with 861 ft2 of internal area and sits on a 279 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Hanging Lane, Birmingham, B31 is located in the borough of Birmingham within the B31 postal district.
151, Hanging Lane, Birmingham has a single entry in the Land Registry database from June 2022 and a single entry in the EPC database dated October 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 151 Hanging Lane Birmingham as £276,226 and the rental value as £1,202 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 151 Hanging Lane Birmingham has increased by £11,100 (4.0%) and its rental value has increased by £38 per month (3.1%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 151, Hanging Lane, Birmingham is in very good condition we estimate a sale value of £290,038 and rental value of £1,262 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £256,891 and a rental value of £1,117 per month.
If you were able to purchase this property for the estimated value of £276,226, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,358 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 151, Hanging Lane, Birmingham sits on a plot of 279m2.
We have plot size data on 22 out of 42 other houses in the postcode and 151, Hanging Lane, Birmingham sits on the 9th largest plot.
According to HM Land Registry, 151, Hanging Lane, Birmingham was last sold on 30 Jun 2022 for £270,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2022, the market for similar properties has risen 6.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 151, Hanging Lane, Birmingham within a radius of 590 metres over the last 2 years.
The most recent example is 89, Bodenham Road, Birmingham, B31 5DR, a Freehold house which sold for £250,000 in Nov 2023.
Read more about house prices in B31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hanging Lane, Birmingham, B31 has a total of 98 addresses. According to our analysis of all the public data, 151, Hanging Lane, Birmingham is the 73rd largest and the 67th most expensive property on the street.
When compared to the postcode district it is £48k more expensive than the average property in B31.
151, Hanging Lane, Birmingham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Oct 2021.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 151, Hanging Lane, Birmingham is Longbridge station which is 1.1 kilometres 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 151, Hanging Lane, Birmingham, 47.3% of property is privately owned outright and 41.2% 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 151, Hanging Lane, Birmingham, 16.0% of residents are recorded as possessing school level qualifications and 21.6% 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 151, Hanging Lane, Birmingham, 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 151, Hanging Lane, Birmingham, 0.0% 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 151, Hanging Lane, Birmingham, there are an average of 1.5 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.