8, Oak Tree Close
8, Oak Tree Close
Description & Estimates
8, Oak Tree Close, Birmingham is recorded publicly as a modern freehold house across 1,173 ft2 of internal area, sitting on a 309 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 8, Oak Tree Close, Birmingham is £454,132 and its rental estimate is £1,526 per month, given the available information and assuming reasonable condition.
Oak Tree Close, Alvechurch, Birmingham, B48 falls within the B48 postal district, in the borough of Bromsgrove.
Our Data Sources
8, Oak Tree Close, Birmingham has a single entry in the Land Registry from January 2016 and a single entry in the EPC database dated October 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
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 8, Oak Tree Close, Birmingham, we estimate a market value of £476,838 and a rental value of £1,603 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £422,343 and £1,419 per month respectively.
Recent Market Change
Over the last year, 8, Oak Tree Close, Birmingham has seen its estimated sale value move up by £4,906 (1.1%) and its estimated rental value increase by £53 per month (3.5%). This results in an estimated gross rental yield of 4.0%.
Plot Size
HM Land Registry records the plot of land for 8, Oak Tree Close, Birmingham as measuring 309 m2.
That makes it the 3rd largest plot in the postcode, where all 9 other houses have recorded plot data.
Energy Efficiency
8, Oak Tree Close, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Oct 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 8, Oak Tree Close, Birmingham completed on 28th January 2016 at £330,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 19.0% over the period since January 2016.
- Sold Jan 2016£330,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Oak Tree Close, Birmingham have sold within a radius of 1.5 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 7th December 2023, was 48, Hollington Road, Birmingham, B48 7LQ, a freehold house which sold for £392,500.
Read more about house prices in B48.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 9 addresses on Oak Tree Close, Alvechurch, Birmingham, B48, 8, Oak Tree Close, Birmingham comes out as the 7th largest and the 6th most expensive in our analysis of the public data.
It is also £139k more expensive than the average property across the B48 district.
More reading links
Schools Nearby
- 300mCrown Meadow First School & Nursery
- 1.7kmSt Andrew's CofE First School
- 3.4kmBlackwell First School
- 4.6kmTurves Green Boys' School
- 4.9kmKing Edward VI Northfield School for Girls
- 5.0kmColmers School and Sixth Form College
More reading links
Public Transport Nearby
From 8, Oak Tree Close, Birmingham, the nearest station is Alvechurch, 1.2 kilometres away.
- 1.2kmAlvechurch
- 1.8kmBarnt Green
- 4.5kmLongbridge
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.
