3 Rea Drive

    3, REA DRIVE, BIRMINGHAM, B5 7ET

    This terraced freehold property on Rea Drive last sold in January 2022 for £415,000. Based on price growth in the B5 district since then, its estimated current value is £338,229 — placing it in the 57th percentile nationally and the 90th percentile within B5. The property covers 104 m² (1,119 sq ft), giving an estimated value of £3,252 per m². The EPC rating is B, with a potential rating of A.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,119 sq ft

    104 m²

    Last Sale Price

    £415,000

    Jan 2022

    Estimated Valuation

    £338,229

    Est. £/sq ft

    £302/sq ft

    £3,252/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction age2018
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialA
    Floor area1,119 sq ft (104 m²)
    EPC dateJan 2022
    WallsAverage thermal transmittance 0.25 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    28 Jan 2022

    New build

    £415,000

    Key Metrics

    Estimated valuation£338,229
    Value per sq ft / m²£302/sq ft (£3,252/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    B5 district percentile90th percentile
    National percentile57th percentile

    District Context — B5

    B5 covers central Birmingham, encompassing the city centre and surrounding inner-city neighbourhoods. It is a densely populated urban area with a young, diverse population and a significant student and professional presence.

    Average Property Price - B5

    £263,986

    31

    National percentile

    Average Net Household Income - B5

    £36,731

    42

    National percentile

    10-Year Annualised Price Growth - B5

    5.3%

    92

    National percentile

    10-Year Annualised Rent Growth - B

    4.4%

    77

    National percentile

    View full analysis for B5

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