303, Gravelly Lane
303, Gravelly Lane
Description & Estimates
303, Gravelly Lane, Birmingham is recorded publicly as a mid-century leasehold apartment across 602 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 303, Gravelly Lane, Birmingham is £126,693 and its rental estimate is £782 per month, given the available information and assuming reasonable condition.
Gravelly Lane, Birmingham, B23 falls within the B23 postal district, in the borough of Birmingham.
Our Data Sources
303, Gravelly Lane, Birmingham has 31 entries in the Land Registry , most recently in September 2020 and a single entry in the EPC database dated December 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 303, Gravelly Lane, Birmingham, we estimate a market value of £133,028 and a rental value of £822 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £117,824 and £728 per month respectively.
Recent Market Change
Over the last year, 303, Gravelly Lane, Birmingham has seen its estimated sale value climb by £164 (0.1%) and its estimated rental value rise by £14 per month (1.7%). This results in an estimated gross rental yield of 7.4%.
Energy Efficiency
303, Gravelly Lane, Birmingham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Dec 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using No system present: electric heaters assumed.
Sold Prices
The most recent sale of 303, Gravelly Lane, Birmingham completed on 3rd September 2020 at £110,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 4.0% over the period since September 2020.
- Sold Sep 2020£110,000
- Sold Jan 2004£78,500
- Sold Jul 1999£32,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 303, Gravelly Lane, Birmingham have sold within a radius of 440 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th June 2024, was 301, Gravelly Lane, Birmingham, B23 5SR, a leasehold flat which sold for £127,000.
Read more about house prices in B23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 350 addresses on Gravelly Lane, Birmingham, B23, 303, Gravelly Lane, Birmingham comes out as the 285th largest and the 278th most expensive in our analysis of the public data.
It is also £80k less expensive than the average property across the B23 district.
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Schools Nearby
- 500mAbbey Catholic Primary School
- 700mWylde Green Primary School
- 700mOsborne Primary School
- 600mSt Edmund Campion Catholic School
- 2.0kmStockland Green School
- 2.1kmErdington Academy
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Public Transport Nearby
From 303, Gravelly Lane, Birmingham, the nearest station is Chester Road, 500 metres away.
- 500mChester Road
- 600mErdington
- 1.5kmWylde Green
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
