According to the public record, 516, Redditch Road, Birmingham is a early-century freehold house with 1,001 ft2 of internal area and sits on a 499 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Redditch Road, Kings Norton, Birmingham, B38 is located in the borough of Birmingham within the B38 postal district.
516, Redditch Road, Birmingham has 2 entries in the Land Registry database, most recently in April 2020 and a single entry in the EPC database dated August 2013.
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 516 Redditch Road Birmingham as £286,005 and the rental value as £1,252 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 516 Redditch Road Birmingham has increased by £15,567 (5.4%) and its rental value has increased by £50 per month (4.0%).
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 516, Redditch Road, Birmingham is in very good condition we estimate a sale value of £300,305 and rental value of £1,315 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £265,984 and a rental value of £1,165 per month.
If you were able to purchase this property for the estimated value of £286,005, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,406 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, 516, Redditch Road, Birmingham sits on a plot of 499m2.
We have plot size data on 20 out of 31 other houses in the postcode and 516, Redditch Road, Birmingham sits on the 3rd largest plot.
According to HM Land Registry, 516, Redditch Road, Birmingham was last sold on 08 Apr 2020 for £208,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2020, the market for similar properties has risen 30.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 516, Redditch Road, Birmingham within a radius of 570 metres over the last 2 years.
The most recent example is 526, Redditch Road, Birmingham, B38 8LU, a Freehold house which sold for £250,000 in Nov 2023.
Read more about house prices in B38.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Redditch Road, Kings Norton, Birmingham, B38 has a total of 536 addresses. According to our analysis of all the public data, 516, Redditch Road, Birmingham is the 140th largest and the 116th most expensive property on the street.
When compared to the postcode district it is £50k more expensive than the average property in B38.
516, Redditch Road, Birmingham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 13 Aug 2013.
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 516, Redditch Road, Birmingham is Northfield station which is 1.8 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 516, Redditch Road, Birmingham, 40.0% of property is socially rented and 28.5% is privately owned outright.
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 516, Redditch Road, Birmingham, 11.4% of residents are recorded as possessing school level qualifications and 26.7% 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 516, Redditch Road, 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 516, Redditch Road, 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 516, Redditch Road, 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.