According to the public record, 260, Tessall Lane, Birmingham is a early-century freehold house with 796 ft2 of internal area and sits on a 283 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Tessall Lane, Birmingham, B31 is located in the borough of Birmingham within the B31 postal district.
260, Tessall Lane, Birmingham has a single entry in the Land Registry database from May 2008 and a single entry in the EPC database dated July 2023.
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 260 Tessall Lane Birmingham as £250,510 and the rental value as £1,197 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 260 Tessall Lane Birmingham has increased by £10,385 (4.1%) and its rental value has increased by £39 per month (3.2%).
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 260, Tessall Lane, Birmingham is in very good condition we estimate a sale value of £263,035 and rental value of £1,257 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £232,974 and a rental value of £1,113 per month.
If you were able to purchase this property for the estimated value of £250,510, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,231 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, 260, Tessall Lane, Birmingham sits on a plot of 283m2.
We have plot size data on 25 out of 39 other houses in the postcode and 260, Tessall Lane, Birmingham sits on the 13th largest plot.
According to HM Land Registry, 260, Tessall Lane, Birmingham was last sold on 09 May 2008 for £144,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2008, the market for similar properties has risen 91.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 260, Tessall Lane, Birmingham within a radius of 600 metres over the last 2 years.
The most recent example is 138, Farren Road, Birmingham, B31 5HN, a Freehold house which sold for £265,000 in Nov 2022.
Read more about house prices in B31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tessall Lane, Birmingham, B31 has a total of 298 addresses. According to our analysis of all the public data, 260, Tessall Lane, Birmingham is the 211th largest and the 171st most expensive property on the street.
When compared to the postcode district it is £22k more expensive than the average property in B31.
260, Tessall Lane, Birmingham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 13 Jul 2023.
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 260, Tessall Lane, Birmingham is Longbridge station which is 1.0 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 260, Tessall Lane, Birmingham, 43.1% of property is privately owned with a mortgage and 41.5% 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 260, Tessall Lane, Birmingham, 17.3% of residents are recorded as possessing school level qualifications and 26.9% 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 260, Tessall 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 260, Tessall Lane, Birmingham, 0.6% 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 260, Tessall 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.