According to the public record, 501, Reddings Lane, Birmingham is a period leasehold house with 1,087 ft2 of internal area and sits on a 227 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Reddings Lane, Tyseley, Birmingham, B11 is located in the borough of Birmingham within the B11 postal district.
501, Reddings Lane, Birmingham has a single entry in the Land Registry database from December 2012 and a single entry in the EPC database dated October 2012.
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 501 Reddings Lane Birmingham as £192,012 and the rental value as £846 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 501 Reddings Lane Birmingham has increased by £5,676 (3.0%) and its rental value has increased by £13 per month (1.6%).
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 501, Reddings Lane, Birmingham is in very good condition we estimate a sale value of £201,612 and rental value of £888 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £178,571 and a rental value of £786 per month.
If you were able to purchase this property for the estimated value of £192,012, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £944 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, 501, Reddings Lane, Birmingham sits on a plot of 227m2.
We have plot size data on 20 out of 31 other houses in the postcode and 501, Reddings Lane, Birmingham sits on the 14th largest plot.
According to HM Land Registry, 501, Reddings Lane, Birmingham was last sold on 19 Dec 2012 for £130,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Dec 2012, the market for similar properties has risen 78.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 501, Reddings Lane, Birmingham within a radius of 470 metres over the last 2 years.
The most recent example is 37, Bromyard Road, Birmingham, B11 3AZ, a Freehold house which sold for £131,000 in May 2022.
Read more about house prices in B11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Reddings Lane, Tyseley, Birmingham, B11 has a total of 270 addresses. According to our analysis of all the public data, 501, Reddings Lane, Birmingham is the 54th largest and the 141st most expensive property on the street.
When compared to the postcode district it is £5k less expensive than the average property in B11.
501, Reddings Lane, Birmingham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Oct 2012.
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 501, Reddings Lane, Birmingham is Spring Road station which is 700 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 501, Reddings Lane, Birmingham, 42.7% of property is privately owned outright and 31.6% 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 501, Reddings Lane, Birmingham, 31.7% of residents are recorded as possessing school level qualifications and 27.5% 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 501, Reddings Lane, Birmingham, the average age was 35.9 and the most common age was 17.
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 501, Reddings Lane, 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 501, Reddings 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.