According to the public record, 4, Melfort Grove, Birmingham is a mid-century house with 645 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melfort Grove, Birmingham, B14 is located in the borough of Birmingham within the B14 postal district.
4, Melfort Grove, Birmingham has no records in the Land Registry database and a single entry in the EPC database dated August 2022.
We combine this information with public data 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 4 Melfort Grove Birmingham as £211,956 and the rental value as £1,163 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 4 Melfort Grove Birmingham has increased by £12,823 (6.0%) and its rental value has increased by £51 per month (4.3%).
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 4, Melfort Grove, Birmingham is in very good condition we estimate a sale value of £222,554 and rental value of £1,221 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £197,119 and a rental value of £1,082 per month.
If you were able to purchase this property for the estimated value of £211,956, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,042 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Melfort Grove, Birmingham within a radius of 610 metres over the last 2 years.
The most recent example is 8, Fletton Grove, Birmingham, B14 4RD, a Freehold house which sold for £175,000 in Jun 2021.
Read more about house prices in B14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melfort Grove, Birmingham, B14 has a total of 12 addresses. According to our analysis of all the public data, 4, Melfort Grove, Birmingham is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £65k less expensive than the average property in B14.
4, Melfort Grove, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Aug 2022.
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 4, Melfort Grove, Birmingham is Yardley Wood station which is 2.1 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 4, Melfort Grove, Birmingham, 38.5% of property is privately owned with a mortgage and 29.4% 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 4, Melfort Grove, Birmingham, 24.4% of residents are recorded as possessing school level qualifications and 20.9% 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 4, Melfort Grove, Birmingham, the average age was 39.1 and the most common age was 57.
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 4, Melfort Grove, Birmingham, 0.5% 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 4, Melfort 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.