According to the public record, 40, Wychall Lane, Birmingham is a period freehold house with 1,851 ft2 of internal area and sits on a 510 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Wychall Lane, Birmingham, B38 is located in the borough of Birmingham within the B38 postal district.
40, Wychall Lane, Birmingham has 2 entries in the Land Registry database, most recently in November 2023 and a single entry in the EPC database dated March 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 40 Wychall Lane Birmingham as £589,236 and the rental value as £1,409 per month giving an expected gross yield of 2.9%.
Over the last 12 months the sale value of 40 Wychall Lane Birmingham has increased by £17,019 (2.9%) and its rental value has increased by £18 per month (1.3%).
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 40, Wychall Lane, Birmingham is in very good condition we estimate a sale value of £618,698 and rental value of £1,479 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £547,989 and a rental value of £1,310 per month.
If you were able to purchase this property for the estimated value of £589,236, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,896 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, 40, Wychall Lane, Birmingham sits on a plot of 510m2.
We have plot size data on 9 out of 18 other houses in the postcode and 40, Wychall Lane, Birmingham sits on the 6th largest plot.
According to HM Land Registry, 40, Wychall Lane, Birmingham was last sold on 17 Nov 2023 for £592,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Nov 2023, the market for similar properties has risen 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Wychall Lane, Birmingham within a radius of 740 metres over the last 2 years.
The most recent example is 85, Westhill Road, Birmingham, B38 8TG, a Freehold house which sold for £660,000 in Sep 2023.
Read more about house prices in B38.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wychall Lane, Birmingham, B38 has a total of 72 addresses. According to our analysis of all the public data, 40, Wychall Lane, Birmingham is the 9th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £353k more expensive than the average property in B38.
40, Wychall Lane, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Mar 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 40, Wychall Lane, Birmingham is Kings Norton station which is 400 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 40, Wychall Lane, Birmingham, 37.1% of property is privately owned outright and 36.4% 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 40, Wychall Lane, Birmingham, 21.3% of residents are recorded as possessing school level qualifications and 44.2% 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 40, Wychall Lane, Birmingham, the average age was 42.6 and the most common age was 52.
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 40, Wychall Lane, Birmingham, 1.1% 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 40, Wychall 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.