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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
Flat 2, 403, Gravelly Lane, Birmingham is recorded publicly as a period leasehold apartment across 602 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 2, 403, Gravelly Lane, Birmingham is £69,038 and its rental estimate is £556 per month, given the available information and assuming reasonable condition.
403, Gravelly Lane is a residential building on Gravelly Lane, Birmingham, B23 and falls within the B23 postal district and the borough of Birmingham.
Flat 2, 403, Gravelly Lane, Birmingham has a single entry in the Land Registry from January 2015 and a single entry in the EPC database dated October 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 2, 403, Gravelly Lane, Birmingham, we estimate a market value of £72,490 and a rental value of £584 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £64,206 and £517 per month respectively.
Over the last year, Flat 2, 403, Gravelly Lane, Birmingham has seen its estimated sale value climb by £89 (0.1%) and its estimated rental value rise by £10 per month (1.7%). This results in an estimated gross rental yield of 9.7%.
Flat 2, 403, Gravelly Lane, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Oct 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of Flat 2, 403, Gravelly Lane, Birmingham completed on 5th January 2015 at £51,600 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 31.2% over the period since January 2015.
Over the past 2 years 2 properties similar to Flat 2, 403, Gravelly Lane, Birmingham have sold within a radius of 480 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 5th January 2015, was Flat 3, 403, Gravelly Lane, Birmingham, B23 5TA, a leasehold flat which sold for £39,400.
Read more about house prices in B23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 350 addresses on Gravelly Lane, Birmingham, B23, Flat 2, 403, Gravelly Lane, Birmingham comes out as the 280th largest and the 345th most expensive in our analysis of the public data.
It is also £138k less expensive than the average property across the B23 district.
From Flat 2, 403, Gravelly Lane, Birmingham, the nearest station is Chester Road, 300 metres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, 403, Gravelly Lane, Birmingham, 39.2% of property is privately owned with a mortgage and 32.7% is privately owned outright.
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 Flat 2, 403, Gravelly Lane, Birmingham, 13.5% of residents are recorded as possessing school level qualifications and 29.9% 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 Flat 2, 403, Gravelly Lane, Birmingham, the average age was 44.7 and the most common age was 57.
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 Flat 2, 403, Gravelly Lane, Birmingham, 0.8% 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 Flat 2, 403, Gravelly Lane, Birmingham, there are an average of 1.0 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
