According to the public record, 172, Old Forest Way, Birmingham is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,037 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Old Forest Way, Birmingham, B34 is located in the borough of Birmingham within the B34 postal district.
172, Old Forest Way, Birmingham has 31 entries in the Land Registry database, most recently in February 2015 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 172 Old Forest Way Birmingham as £263,136 and the rental value as £1,204 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 172 Old Forest Way Birmingham has increased by £10,610 (4.0%) and its rental value has increased by £67 per month (5.5%).
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 172, Old Forest Way, Birmingham is in very good condition we estimate a sale value of £276,293 and rental value of £1,264 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £244,717 and a rental value of £1,119 per month.
If you were able to purchase this property for the estimated value of £263,136, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,293 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 HM Land Registry, 172, Old Forest Way, Birmingham was last sold on 18 Feb 2015 for £180,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Feb 2015, the market for similar properties has risen 71.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 172, Old Forest Way, Birmingham within a radius of 670 metres over the last 2 years.
The most recent example is 60, Gorsefield Road, Birmingham, B34 7AL, a Freehold house which sold for £215,000 in Feb 2023.
Read more about house prices in B34.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Old Forest Way, Birmingham, B34 has a total of 67 addresses. According to our analysis of all the public data, 172, Old Forest Way, Birmingham is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £43k more expensive than the average property in B34.
The closest station to 172, Old Forest Way, Birmingham is Lea Hall station which is 1.3 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 172, Old Forest Way, Birmingham, 42.1% of property is privately owned with a mortgage and 34.6% is privately owned outright.
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 172, Old Forest Way, Birmingham, 20.9% of residents are recorded as possessing school level qualifications and 32.2% 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 172, Old Forest Way, Birmingham, the average age was 36.8 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 172, Old Forest Way, Birmingham, 0.9% 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 172, Old Forest Way, Birmingham, there are an average of 1.3 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.