498, Groveley Lane
498, Groveley Lane
Description & Estimates
Public records show 498, Groveley Lane, Birmingham to be an early-century freehold house with 1,442 ft2 of internal area, sitting on a 679 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
498, Groveley Lane, Birmingham has an estimated sale value of £586,560 and an estimated rental value of £1,950 per month, assuming reasonable condition and based on the information available.
Groveley Lane, Cofton Hackett, Birmingham, B45 lies in the borough of Bromsgrove, within the B45 postal district.
Our Data Sources
498, Groveley Lane, Birmingham has a single entry in the Land Registry from February 2016 and a single entry in the EPC database dated June 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 498, Groveley Lane, Birmingham would be worth £615,888, with a potential rental value of £2,047 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £545,500, with a rental value of £1,813 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 498, Groveley Lane, Birmingham has moved up by £610 (0.1%) over the last year. During the same period, its estimated monthly rental value has increased by £72 (3.7%). The property's estimated gross yield is currently 4.0%.
Plot Size
498, Groveley Lane, Birmingham occupies a 679 m2 plot as recorded by HM Land Registry.
All 10 other houses in this postcode have recorded plot sizes, and this one ranks as the 2nd largest.
Energy Efficiency
498, Groveley Lane, Birmingham has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 22 Jun 2015.
The property is connected to mains gas and has partial double glazing. It is heated using Electric storage heaters.
Sold Prices
498, Groveley Lane, Birmingham last changed hands on 26th February 2016, selling for £387,500. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 5.2% since February 2016.
- Sold Feb 2016£387,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 1.0 kilometres of 498, Groveley Lane, Birmingham across the last 2 years.
Most recently, 30, Reservoir Road, Birmingham, B45 8PN, a freehold house, sold at £515,000 on the 26th March 2026.
Read more about house prices in B45.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 498, Groveley Lane, Birmingham as the 24th largest and the 10th most expensive of the 82 addresses on Groveley Lane, Cofton Hackett, Birmingham, B45.
Against the B45 postcode district average, it is £287k more expensive than the typical property.
More reading links
Schools Nearby
- 1.2kmRednal Hill Junior School
- 1.2kmRednal Hill Infant School
- 1.6kmSt Columba's Catholic Primary School
- 1.8kmColmers School and Sixth Form College
- 2.6kmWaseley Hills High School
- 2.6kmTurves Green Boys' School
More reading links
Public Transport Nearby
Longbridge station is the nearest stop to 498, Groveley Lane, Birmingham at 2.0 kilometres away.
- 2.0kmLongbridge
- 2.2kmBarnt Green
- 3.7kmNorthfield
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
