According to the public record, 2, Penley Grove, Birmingham is a early-century leasehold house with 882 ft2 of internal area and sits on a 245 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Penley Grove, Birmingham, B8 is located in the borough of Birmingham within the B8 postal district.
2, Penley Grove, Birmingham has a single entry in the Land Registry database from May 2015 and a single entry in the EPC database dated February 2016.
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 2 Penley Grove Birmingham as £173,192 and the rental value as £896 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 2 Penley Grove Birmingham has increased by £7,873 (4.5%) and its rental value has increased by £40 per month (4.4%).
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 2, Penley Grove, Birmingham is in very good condition we estimate a sale value of £181,852 and rental value of £941 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £161,069 and a rental value of £833 per month.
If you were able to purchase this property for the estimated value of £173,192, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £851 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, 2, Penley Grove, Birmingham sits on a plot of 245m2.
We have plot size data on 15 out of 24 other houses in the postcode and 2, Penley Grove, Birmingham sits on the 3rd largest plot.
According to HM Land Registry, 2, Penley Grove, Birmingham was last sold on 20 May 2015 for £93,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since May 2015, the market for similar properties has risen 62.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Penley Grove, Birmingham within a radius of 470 metres over the last 2 years.
The most recent example is 19, Findon Road, Birmingham, B8 2BN, a Freehold house which sold for £155,000 in Aug 2019.
Read more about house prices in B8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Penley Grove, Birmingham, B8 has a total of 24 addresses. According to our analysis of all the public data, 2, Penley Grove, Birmingham is the 9th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £10k less expensive than the average property in B8.
2, Penley Grove, Birmingham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Feb 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 2, Penley Grove, Birmingham is Stechford station which is 1.9 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 2, Penley Grove, Birmingham, 30.5% of property is privately owned with a mortgage and 29.3% is socially rented.
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 2, Penley Grove, Birmingham, 38.2% of residents are recorded as possessing school level qualifications and 17.8% 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 2, Penley Grove, Birmingham, the average age was 31.4 and the most common age was 12.
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 2, Penley Grove, Birmingham, 0.3% 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 2, Penley Grove, Birmingham, there are an average of 1.0 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.