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Melbourne Road is a residential street with 41 addresses.
It ranks as the 273rd largest and 49th most expensive of the 447 streets in the B34 area. The dominant property type is a modern house built after 1980.
The street contains a total of 41 properties: 36 houses and 5 flats.
Melbourne Road is a residential street with 41 addresses.
It ranks as the 273rd largest and 49th most expensive of the 447 streets in the B34 area. The dominant property type is a modern house built after 1980.
The street contains a total of 41 properties: 36 houses and 5 flats.
Sale prices range from £76,558 for 2 bedroom leasehold flats (602 ft2) to £174,032 for 4 bedroom leasehold houses with a garden (1,119 ft2) .
Monthly rental prices range from £543 pcm for 2 bed flats to £948 pcm for 4 bed houses.
The gross rental yield is between 6.5% and 8.5%.
The average value per square foot is £191.
The last sale on Melbourne Road sold for £92,500 on 23rd September 2022. Since then prices are up an average of 4.3%.
The current average value in the street is £130,744.
The Melbourne Road Sales Market has increased by 57.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2% | £130,744 |
| May 2025 | 2.6% | £128,155 |
| May 2024 | -0.3% | £124,894 |
| May 2023 | 3.4% | £125,246 |
| May 2022 | 10.7% | £121,086 |
| May 2021 | 6% | £109,419 |
| May 2020 | 3.3% | £103,233 |
| May 2019 | 2.9% | £99,911 |
| May 2018 | 8.4% | £97,097 |
| May 2017 | 7.6% | £89,601 |
| May 2016 | 6.5% | £83,266 |
| May 2015 | 5.5% | £78,169 |
| May 2014 | 5.4% | £74,109 |
| May 2013 | 0.4% | £70,322 |
| May 2012 | 0.7% | £70,062 |
| May 2011 | -3.1% | £69,541 |
| May 2010 | 3.7% | £71,745 |
| May 2009 | -10.4% | £69,210 |
| May 2008 | -3.4% | £77,247 |
| May 2007 | 0% | £79,948 |
The current average rental value in the street is £817.
The Melbourne Road Rental Market has increased by 62.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.5% | £817pcm |
| May 2025 | 5% | £789pcm |
| May 2024 | 9% | £752pcm |
| May 2023 | 10.8% | £689pcm |
| May 2022 | 8.3% | £622pcm |
| May 2021 | 6% | £575pcm |
| May 2020 | 1.1% | £542pcm |
| May 2019 | 0.5% | £536pcm |
| May 2018 | 2.7% | £534pcm |
| May 2017 | 3.3% | £520pcm |
| May 2016 | 4.9% | £503pcm |
| May 2015 | 5% | £480pcm |
| May 2014 | 1.8% | £457pcm |
| May 2013 | 0.3% | £449pcm |
| May 2012 | 1.9% | £448pcm |
| May 2011 | 2.8% | £440pcm |
| May 2010 | 3.3% | £427pcm |
| May 2009 | -3.3% | £414pcm |
| May 2008 | 1.6% | £428pcm |
| May 2007 | 0% | £422pcm |
The last sale was on 23rd September 2022 for £92,500 and since then the market in the area has increased by 4.3%. The street has had a total of 10 sales since 1995.
Melbourne Road, Birmingham, B34 has seen no sales in the last three years and no sales in the last twelve months.
Melbourne Road, Birmingham, B34 is the 273rd largest and the 49th most expensive street in the B34 area.
There is 1 postcode on Melbourne Road, Birmingham, B34.
The closest station to Melbourne Road, Birmingham, B34 is Lea Hall station which is 2.5 kilometres away.
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According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
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 Melbourne Road, Birmingham, B34, 48.5% of property is socially rented and 19.2% is privately owned with a mortgage.
The graph below shows how this compares to West Midlands 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 Melbourne Road, Birmingham, B34, 20.0% of residents are recorded as possessing school level qualifications and 18.9% as possessing degree level qualifications.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Melbourne Road, Birmingham, B34, the average age was 36.8 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 Melbourne Road, Birmingham, B34, 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 Melbourne Road, Birmingham, B34, there are an average of 0.8 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.