242 Groveley Lane

    242, GROVELEY LANE, BIRMINGHAM, BIRMINGHAM, B31 4QD

    This terraced leasehold property on Groveley Lane last sold in October 1996 for £49,995. Based on price growth in the B31 district since then, its estimated current value is £236,817 — placing it in the 34th percentile nationally and the 52nd percentile within B31. The property covers 61 m² (657 sq ft), giving an estimated value of £3,882 per m². The EPC rating is D, with a potential rating of B.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    61 m²

    (657 sq ft)

    Last Sale Price

    £49,995

    Oct 1996

    Estimated Valuation

    £236,817

    Est. £/m²

    £3,882/m²

    £361/sq ft

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1950-1966
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area61 m² (657 sq ft)
    EPC dateJun 2020
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    7 Oct 1996

    £49,995

    2 Oct 1996

    £1,000

    Key Metrics

    Estimated valuation£236,817
    Value per m² / sq ft£3,882/m² (£361/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    B31 district percentile52nd percentile
    National percentile34th percentile

    District Context — B31

    B31 covers neighbourhoods in south Birmingham, forming part of the wider south-west urban area. The district has a notably young population profile and a significant proportion of social housing, reflecting its character as an established residential community.

    Average Property Price - B31

    £249,023

    27

    National percentile

    Average Net Household Income - B31

    £36,597

    41

    National percentile

    10-Year Annualised Price Growth - B31

    4.7%

    85

    National percentile

    10-Year Annualised Rent Growth - B

    4.4%

    77

    National percentile

    View full analysis for B31

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