116 Groveley Lane

    116, GROVELEY LANE, BIRMINGHAM, B31 4QF

    This terraced freehold property on Groveley Lane last sold in October 2024 for £240,000. Based on price growth in the B31 district since then, its estimated current value is £234,398 — placing it in the 33rd percentile nationally and the 51st percentile within B31. The property covers 72 m² (775 sq ft), giving an estimated value of £3,256 per m². The EPC rating is D, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    72 m²

    (775 sq ft)

    Last Sale Price

    £240,000

    Oct 2024

    Estimated Valuation

    £234,398

    Est. £/m²

    £3,256/m²

    £302/sq ft

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageC
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area72 m² (775 sq ft)
    EPC dateJul 2024
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    21 Oct 2024

    £240,000

    21 Nov 1997

    £49,000

    Key Metrics

    Estimated valuation£234,398
    Value per m² / sq ft£3,256/m² (£302/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    B31 district percentile51st percentile
    National percentile33rd 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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