According to the public record, 49, Rea Valley Drive, Birmingham is a mid-century freehold house with 785 ft2 of internal area and sits on a 269 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.
49, Rea Valley Drive, Birmingham has 21 entries in the Land Registry database, most recently in August 2017 and a single entry in the EPC database dated April 2017.
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 49 Rea Valley Drive Birmingham as £270,175 and the rental value as £1,197 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 49 Rea Valley Drive Birmingham has increased by £11,081 (4.1%) and its rental value has increased by £35 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 49, Rea Valley Drive, Birmingham is in very good condition we estimate a sale value of £283,683 and rental value of £1,256 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £251,262 and a rental value of £1,113 per month.
If you were able to purchase this property for the estimated value of £270,175, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,328 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, 49, Rea Valley Drive, Birmingham sits on a plot of 269m2.
We have plot size data on 19 out of 27 other houses in the postcode and 49, Rea Valley Drive, Birmingham sits on the 10th largest plot.
According to HM Land Registry, 49, Rea Valley Drive, Birmingham was last sold on 10 Aug 2017 for £191,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2017, the market for similar properties has risen 37.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 49, 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, 49, Rea Valley Drive, Birmingham is the 62nd largest and the 50th most expensive property on the street.
When compared to the postcode district it is £42k more expensive than the average property in B31.
49, Rea Valley Drive, Birmingham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Apr 2017.
The property is connected to mains gas and has partial double glazing. It is heated using warm air.
The closest station to 49, 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 49, 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 49, 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 49, 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 49, 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 49, 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.