Flat 1, 338A
Flat 1, 338A
Description & Estimates
Flat 1, 338A, Tessall Lane, Birmingham appears in the public record as a leasehold apartment.
We estimate it to be a mid-century apartment with 654 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 1, 338A, Tessall Lane, Birmingham is £123,165 and its rental estimate is £565 per month, given the available information and assuming reasonable condition.
338A, Tessall Lane is a residential building on Tessall Lane, Birmingham, B31 and falls within the B31 postal district and the borough of Birmingham.
Our Data Sources
Flat 1, 338A, Tessall Lane, Birmingham has 51 entries in the Land Registry , most recently in March 2013 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 Flat 1, 338A, Tessall Lane, Birmingham, we estimate a market value of £129,324 and a rental value of £593 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £114,544 and £525 per month respectively.
Recent Market Change
Over the last year, Flat 1, 338A, Tessall Lane, Birmingham has seen its estimated sale value move down by £1,566 (1.3%) and its estimated rental value increase by £14 per month (2.4%). This results in an estimated gross rental yield of 5.5%.
Sold Prices
The most recent sale of Flat 1, 338A, Tessall Lane, Birmingham completed on 21st March 2013 at £85,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 5 times.
Values of comparable properties have risen by 59.4% over the period since March 2013.
- Sold Mar 2013£85,000
- Sold Nov 2003£64,950
- Sold Sep 2002£51,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 1, 338A, Tessall Lane, Birmingham have sold within a radius of 540 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 19th May 2025, was Flat 4, 338, Tessall Lane, Birmingham, B31 5EN, a leasehold flat which sold for £127,750.
Read more about house prices in B31.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 298 addresses on Tessall Lane, Birmingham, B31, Flat 1, 338A, Tessall Lane, Birmingham comes out as the 277th largest and the 279th most expensive in our analysis of the public data.
It is also £108k less expensive than the average property across the B31 district.
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Schools Nearby
- 800mMerritts Brook Primary E-ACT Academy
- 800mForestdale Primary School
- 900mThe Meadows Primary School
- 1.2kmColmers School and Sixth Form College
- 1.6kmKing Edward VI Balaam Wood Academy
- 1.7kmTurves Green Boys' School
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Public Transport Nearby
From Flat 1, 338A, Tessall Lane, Birmingham, the nearest station is Longbridge, 1.3 kilometres away.
- 1.3kmLongbridge
- 1.9kmNorthfield
- 4.1kmKings Norton
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
