16 Spring Lane

    16, SPRING LANE, BIRMINGHAM, B24 9BU

    This terraced freehold property on Spring Lane last sold in November 2013 for £118,000. Based on price growth in the B24 district since then, its estimated current value is £222,025 — placing it in the 30th percentile nationally and the 42nd percentile within B24. The property covers 150 m² (1,615 sq ft), giving an estimated value of £1,480 per m². The EPC rating is G, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,615 sq ft

    150 m²

    Last Sale Price

    £118,000

    Nov 2013

    Estimated Valuation

    £222,025

    Est. £/sq ft

    £137/sq ft

    £1,480/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentG
    EPC potentialC
    Floor area1,615 sq ft (150 m²)
    EPC dateAug 2013
    WallsSolid brick, as built, no insulation (assumed)
    HeatingPortable electric heaters assumed for most rooms

    Transaction History

    19 Nov 2013

    £118,000

    19 Sept 2013

    £90,000

    Key Metrics

    Estimated valuation£222,025
    Value per sq ft / m²£137/sq ft (£1,480/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    B24 district percentile42nd percentile
    National percentile30th percentile

    District Context — B24

    B24 covers Erdington and surrounding neighbourhoods in north Birmingham, situated within the wider city's inner ring. The area is a long-established residential community with strong local amenities and good transport links.

    Average Property Price - B24

    £239,310

    24

    National percentile

    Average Net Household Income - B24

    £23,144

    2

    National percentile

    10-Year Annualised Price Growth - B24

    5.0%

    90

    National percentile

    10-Year Annualised Rent Growth - B

    4.4%

    77

    National percentile

    View full analysis for B24

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