According to the public record, 400A, Groveley Lane, Birmingham is a mid-century apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Groveley Lane, Cofton Hackett, Birmingham, B45 is located in the borough of Bromsgrove within the B45 postal district.
400A, Groveley Lane, Birmingham has no records in the Land Registry database and a single entry in the EPC database dated March 2017.
We combine this information with public data 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 400A Groveley Lane Birmingham as £116,020 and the rental value as £587 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 400A Groveley Lane Birmingham has increased by £6,277 (5.4%) and its rental value has increased by £23 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 400A, Groveley Lane, Birmingham is in very good condition we estimate a sale value of £121,821 and rental value of £616 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £107,898 and a rental value of £546 per month.
If you were able to purchase this property for the estimated value of £116,020, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £570 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 the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 400A, Groveley Lane, Birmingham within a radius of 1.0 kilometres over the last 2 years.
The most recent example is 349, Leach Green Lane, Birmingham, B45 8DR, a Leasehold flat which sold for £115,000 in Aug 2022.
Read more about house prices in B45.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Groveley Lane, Cofton Hackett, Birmingham, B45 has a total of 83 addresses. According to our analysis of all the public data, 400A, Groveley Lane, Birmingham is the 81st largest and the 82nd most expensive property on the street.
When compared to the postcode district it is £183k less expensive than the average property in B45.
400A, Groveley Lane, Birmingham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 13 Mar 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 400A, Groveley Lane, Birmingham is Longbridge 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 400A, Groveley Lane, Birmingham, 54.4% of property is privately owned with a mortgage and 23.9% 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 400A, Groveley Lane, Birmingham, 24.4% of residents are recorded as possessing school level qualifications and 58.1% 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 400A, Groveley Lane, Birmingham, the average age was 43 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 400A, Groveley Lane, Birmingham, 0.6% 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 400A, Groveley Lane, Birmingham, there are an average of 1.8 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.