According to the public record, 61, Tessall Lane, Birmingham is a early-century freehold house with 1,216 ft2 of internal area and sits on a 559 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Tessall Lane, Birmingham, B31 is located in the borough of Birmingham within the B31 postal district.
61, Tessall Lane, Birmingham has 21 entries in the Land Registry database, most recently in February 2013 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 61 Tessall Lane Birmingham as £317,621 and the rental value as £1,297 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 61 Tessall Lane Birmingham has increased by £12,585 (4.0%) and its rental value has increased by £40 per month (3.1%).
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 61, Tessall Lane, Birmingham is in very good condition we estimate a sale value of £333,502 and rental value of £1,362 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £295,387 and a rental value of £1,206 per month.
If you were able to purchase this property for the estimated value of £317,621, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,561 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, 61, Tessall Lane, Birmingham sits on a plot of 559m2.
We have plot size data on 10 out of 21 other houses in the postcode and 61, Tessall Lane, Birmingham sits on the 2nd largest plot.
According to HM Land Registry, 61, Tessall Lane, Birmingham was last sold on 15 Feb 2013 for £162,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2013, the market for similar properties has risen 85.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 61, Tessall Lane, Birmingham within a radius of 530 metres over the last 2 years.
The most recent example is 37, Tessall Lane, Birmingham, B31 2SE, a Freehold house which sold for £240,000 in Aug 2022.
Read more about house prices in B31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tessall Lane, Birmingham, B31 has a total of 298 addresses. According to our analysis of all the public data, 61, Tessall Lane, Birmingham is the 32nd largest and the 66th most expensive property on the street.
When compared to the postcode district it is £89k more expensive than the average property in B31.
61, Tessall Lane, Birmingham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 02 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 61, Tessall Lane, Birmingham is Longbridge station which is 300 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 61, Tessall Lane, Birmingham, 29.5% of property is socially rented and 26.8% 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 61, Tessall Lane, Birmingham, 13.3% of residents are recorded as possessing school level qualifications and 24.6% 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 61, Tessall Lane, Birmingham, the average age was 41.3 and the most common age was 32.
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 61, Tessall 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 61, Tessall Lane, Birmingham, there are an average of 0.9 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.