According to the public record, 47, Rea Valley Drive, Birmingham is a mid-century freehold house with 1,022 ft2 of internal area and sits on a 291 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Rea Valley Drive, Birmingham, B31 is located in the borough of Birmingham within the B31 postal district.
47, Rea Valley Drive, Birmingham has 21 entries in the Land Registry database, most recently in April 2016 and a single entry in the EPC database dated January 2016.
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 47 Rea Valley Drive Birmingham as £306,542 and the rental value as £1,247 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 47 Rea Valley Drive Birmingham has increased by £12,572 (4.1%) and its rental value has increased by £36 per month (2.9%).
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 47, Rea Valley Drive, Birmingham is in very good condition we estimate a sale value of £321,869 and rental value of £1,310 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £285,084 and a rental value of £1,160 per month.
If you were able to purchase this property for the estimated value of £306,542, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,507 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, 47, Rea Valley Drive, Birmingham sits on a plot of 291m2.
We have plot size data on 19 out of 27 other houses in the postcode and 47, Rea Valley Drive, Birmingham sits on the 5th largest plot.
According to HM Land Registry, 47, Rea Valley Drive, Birmingham was last sold on 22 Apr 2016 for £172,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2016, the market for similar properties has risen 52.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 47, Rea Valley Drive, Birmingham within a radius of 510 metres over the last 2 years.
The most recent example is 29, New Meadow Close, Birmingham, B31 3XT, a Freehold house which sold for £305,000 in Sep 2023.
Read more about house prices in B31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rea Valley Drive, Birmingham, B31 has a total of 124 addresses. According to our analysis of all the public data, 47, Rea Valley Drive, Birmingham is the 21st largest and the 19th most expensive property on the street.
When compared to the postcode district it is £78k more expensive than the average property in B31.
47, Rea Valley Drive, Birmingham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Jan 2016.
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 47, Rea Valley Drive, Birmingham is Northfield station which is 500 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 47, Rea Valley Drive, Birmingham, 49.6% of property is privately owned outright and 24.4% 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 47, Rea Valley Drive, Birmingham, 14.0% of residents are recorded as possessing school level qualifications and 26.5% 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 47, Rea Valley Drive, Birmingham, the average age was 42.3 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 47, Rea Valley Drive, 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 47, Rea Valley Drive, Birmingham, there are an average of 1.2 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.