2m Spring Lane

    2M, SPRING LANE, BIRMINGHAM, B24 9BU

    This detached freehold property on Spring Lane last sold in October 2020 for £255,000. Based on price growth in the B24 district since then, its estimated current value is £294,539 — placing it in the 48th percentile nationally and the 74th percentile within B24. The property covers 91 m² (980 sq ft), giving an estimated value of £3,237 per m². The EPC rating is B, with a potential rating of A.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    980 sq ft

    91 m²

    Last Sale Price

    £255,000

    Oct 2020

    Estimated Valuation

    £294,539

    Est. £/sq ft

    £301/sq ft

    £3,237/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction age2020
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialA
    Floor area980 sq ft (91 m²)
    EPC dateSept 2020
    WallsAverage thermal transmittance 0.23 W/m
    HeatingBoiler and radiators, mains gas

    Transaction History

    30 Oct 2020

    New build

    £255,000

    Key Metrics

    Estimated valuation£294,539
    Value per sq ft / m²£301/sq ft (£3,237/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    B24 district percentile74th percentile
    National percentile48th 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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