According to the public record, 78, Oak Tree Lane, Birmingham is a period freehold house with 1,550 ft2 of internal area and sits on a 273 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Oak Tree Lane, Selly Oak, Birmingham, B29 is located in the borough of Birmingham within the B29 postal district.
78, Oak Tree Lane, Birmingham has 21 entries in the Land Registry database, most recently in March 2020 and a single entry in the EPC database dated April 2019.
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 78 Oak Tree Lane Birmingham as £317,280 and the rental value as £1,407 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 78 Oak Tree Lane Birmingham has increased by £14,362 (4.5%) and its rental value has increased by £4 per month (0.3%).
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 78, Oak Tree Lane, Birmingham is in very good condition we estimate a sale value of £333,144 and rental value of £1,477 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £295,071 and a rental value of £1,308 per month.
If you were able to purchase this property for the estimated value of £317,280, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,559 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, 78, Oak Tree Lane, Birmingham sits on a plot of 273m2.
We have plot size data on 25 out of 34 other houses in the postcode and 78, Oak Tree Lane, Birmingham sits on the 13th largest plot.
According to HM Land Registry, 78, Oak Tree Lane, Birmingham was last sold on 26 Mar 2020 for £250,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2020, the market for similar properties has risen 21.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 78, Oak Tree Lane, Birmingham within a radius of 490 metres over the last 2 years.
The most recent example is 112, Oak Tree Lane, Birmingham, B29 6HY, a Freehold house which sold for £240,000 in Jan 2019.
Read more about house prices in B29.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oak Tree Lane, Selly Oak, Birmingham, B29 has a total of 81 addresses. According to our analysis of all the public data, 78, Oak Tree Lane, Birmingham is the 25th largest and the 31st most expensive property on the street.
When compared to the postcode district it is £32k more expensive than the average property in B29.
78, Oak Tree Lane, Birmingham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Apr 2019.
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 78, Oak Tree Lane, Birmingham is Selly Oak 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 78, Oak Tree Lane, Birmingham, 36.4% of property is privately owned outright and 31.4% 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 78, Oak Tree Lane, Birmingham, 45.2% of residents are recorded as possessing school level qualifications and 36.4% 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 78, Oak Tree Lane, Birmingham, the average age was 39.9 and the most common age was 22.
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 78, Oak Tree Lane, Birmingham, 0.2% 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 78, Oak Tree Lane, 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.