According to the public record, 23, Wallace Road, Birmingham is a period freehold house with 871 ft2 of internal area and sits on a 86.9 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Wallace Road, Selly Park, Birmingham, B29 is located in the borough of Birmingham within the B29 postal district.
23, Wallace Road, Birmingham has a single entry in the Land Registry database from January 2015 and a single entry in the EPC database dated October 2013.
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 23 Wallace Road Birmingham as £223,908 and the rental value as £1,171 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 23 Wallace Road Birmingham has increased by £13,906 (6.2%) and its rental value has increased by £41 per month (3.5%).
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 23, Wallace Road, Birmingham is in very good condition we estimate a sale value of £235,103 and rental value of £1,230 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £208,235 and a rental value of £1,089 per month.
If you were able to purchase this property for the estimated value of £223,908, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,100 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, 23, Wallace Road, Birmingham sits on a plot of 87m2.
We have plot size data on 27 out of 36 other houses in the postcode and 23, Wallace Road, Birmingham sits on the 15th largest plot.
According to HM Land Registry, 23, Wallace Road, Birmingham was last sold on 19 Jan 2015 for £100,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2015, the market for similar properties has risen 72.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Wallace Road, Birmingham within a radius of 680 metres over the last 2 years.
The most recent example is 26, Wallace Road, Birmingham, B29 7ND, a Freehold house which sold for £190,000 in Jan 2022.
Read more about house prices in B29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wallace Road, Selly Park, Birmingham, B29 has a total of 38 addresses. According to our analysis of all the public data, 23, Wallace Road, Birmingham is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £61k less expensive than the average property in B29.
23, Wallace Road, Birmingham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 17 Oct 2013.
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 23, Wallace Road, Birmingham is Selly Oak station which is 1.4 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 23, Wallace Road, Birmingham, 41.6% of property is privately rented and 32.7% 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 23, Wallace Road, Birmingham, 27.4% of residents are recorded as possessing school level qualifications and 59.2% 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 23, Wallace Road, Birmingham, the average age was 37.7 and the most common age was 22.
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 23, Wallace Road, 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 23, Wallace Road, Birmingham, there are an average of 0.8 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.