According to the public record, 235, Groveley Lane, Birmingham is a early-century leasehold house with 688 ft2 of internal area and sits on a 488 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Groveley Lane, Birmingham, B31 is located in the borough of Birmingham within the B31 postal district.
235, Groveley Lane, Birmingham has a single entry in the Land Registry database from October 2022 and a single entry in the EPC database dated May 2022.
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 235 Groveley Lane Birmingham as £160,429 and the rental value as £846 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 235 Groveley Lane Birmingham has increased by £7,894 (4.9%) and its rental value has increased by £32 per month (3.8%).
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 235, Groveley Lane, Birmingham is in very good condition we estimate a sale value of £168,450 and rental value of £888 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £149,199 and a rental value of £787 per month.
If you were able to purchase this property for the estimated value of £160,429, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £788 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, 235, Groveley Lane, Birmingham sits on a plot of 488m2.
We have plot size data on 26 out of 30 other houses in the postcode and 235, Groveley Lane, Birmingham sits on the largest plot.
According to HM Land Registry, 235, Groveley Lane, Birmingham was last sold on 12 Oct 2022 for £137,500 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Oct 2022, the market for similar properties has risen 6.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 235, Groveley Lane, Birmingham within a radius of 640 metres over the last 2 years.
The most recent example is 22, Grayswood Road, Birmingham, B31 4QR, a Leasehold house which sold for £175,000 in Nov 2023.
Read more about house prices in B31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Groveley Lane, Birmingham, B31 has a total of 320 addresses. According to our analysis of all the public data, 235, Groveley Lane, Birmingham is the 232nd largest and the 317th most expensive property on the street.
When compared to the postcode district it is £68k less expensive than the average property in B31.
235, Groveley Lane, Birmingham has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 21 May 2022.
The property is not connected to mains gas and has single glazed windows. It is heated using Room heaters, electric.
The closest station to 235, Groveley Lane, Birmingham is Longbridge station which is 900 metres 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 235, Groveley Lane, Birmingham, 44.5% of property is privately owned with a mortgage and 43.0% 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 235, Groveley Lane, Birmingham, 10.2% of residents are recorded as possessing school level qualifications and 29.6% 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 235, Groveley Lane, Birmingham, the average age was 40.4 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 235, Groveley 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 235, Groveley Lane, Birmingham, there are an average of 1.4 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.