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Property details for 56 Minstead Road, Erdington, Birmingham B24 8PT

Historic details available for this property Terraced house, Freehold, 3 Beds, 1 Bath, 1 Recep - Edit
Zoopla Estimate: £86,000

Value data/graphs

Estimate feedback

  • Zoopla Estimate

    £86,000
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  • Value change
    2,650 (3.2%) 1,550 (1.8%) 5,800 (7.2%) 12,400 (16.8%) 15,900 (22.6%) 16,250 (23.3%) 16,800 (24.2%)  
    from 
  • Rental value
    £400 pcm
  • Confidence level
    95
  • Value range
    £83,000 - £89,000
  • Rental range
    £400 - £450 pcm

Monthly running costs Beta

£334 Monthly total
Remortgage
Property value
Loan amount (60%) 51,600
Repayment term 25
Interest rate 0.5
Your payment £183 /mo Find remortgage deals In partnership with
Remortgage costs explained

The initial estimated monthly remortgage payment is calculated using a loan to value of 60% of the current value of a property, a term of 25 years, and a representative interest rate.

It is important to note that the mortgage repayments figure shown is only intended as a guide.

Ensure mortgage lenders are consulted to obtain an accurate quote. We do not accept any responsibility for any inaccuracies or errors in this regard.

Home Insurance Rebuild value up to £1,000,000 Contents value up to £150,000 Average insurance cost £16/mo (£194/yr)
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Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £48 Electricity £50 Estimated energy cost £98/mo (£1,182/yr)

Reduce your energy costs by up to £288/year

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Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 12500 kWh/year
Electricity: 3600 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Birmingham

Estimated tax band -- Council tax cost -- /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £15 Sewerage £22 Estimated water cost £37 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Public info

Property type: Terraced house | Tenure: Freehold | Last sale: £70,000 | Sale date: 14th Aug 2013 - Previous sales
Property type: Terraced house | Tenure: Freehold | Previous sale: £112,000 | Sale date: 15th Jul 2011
Property type: Terraced house | Tenure: Freehold | Previous sale: £115,100 | Sale date: 4th May 2006

This 3 bed freehold terraced house is located at 56 Minstead Road, Erdington, Birmingham B24 8PT and has an estimated current value of £86,000. Minstead Road has 193 houses and flats on it with a average current value of £144,372, compared to an an average property value of £170,955 for B24. There have been 18 property sales on Minstead Road, B24 over the last 5 years with an average house price paid of £114,562 and this terraced house was last sold on 14th Aug 2013 for £70,000. There are currently 74 homes for sale in B24 with an average asking price of £171,703 and 72 properties to rent in B24 with an average asking rent of £269 pw.

Property history

Property history Minstead Road, Erdington, Birmingham B24

Previously listed for sale on 12th Apr 2011 for £112,000

3 bed property

Property history of 56 Minstead Road, Erdington, Birmingham B24 8PT

"This period end terraced home has been refurbished by the current owners and would be a perfect purchase for a first time buyer or investor looking for a buy to let property. The property is available with no upward chain and the accommodation ...

See details for 56 Minstead Road, Erdington, Birmingham B24 8PT when it was last marketed:

Owner info

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Market activity
Average price paid £152,708 Sales 292 Current average value £170,955 (Zoopla Zed-Index) Value change £11,012 ▲ 6.88%

What is the current average value of properties in B24?

The current average value in B24 in December 2016 is £170,955. This has increased 3.25% from September 2016. Terraced properties sold for a current average value of £149,438 and semi-detached properties valued £180,514. In the past year property prices in B24 have increased 6.88%. This is according to the current Zoopla estimates.

Property value data/graphs for B24

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £250,899 £178 3.6 £200,771
Semi-detached £180,514 £183 3.1 £164,858
Terraced £149,438 £154 2.9 £136,458
Flats £108,731 £175 1.8 £93,281

Current asking prices in B24

Average: £143,828
Avg. current asking prices in B24
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £134,000
(5)
£148,926
(21)
£287,000
(5)
£300,000
(1)
Flats £98,833
(9)
£104,308
(24)
£140,000
(1)
- -
All £98,833
(9)
£109,428
(29)
£148,520
(22)
£287,000
(5)
£300,000
(1)

Current asking rents in B24

Average: £506 pcm
Avg. current asking prices in B24
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £400 pcm
(25)
£571 pcm
(8)
£681 pcm
(7)
£704 pcm
(2)
-
Flats £432 pcm
(21)
£584 pcm
(5)
£576 pcm
(1)
- -
All £414 pcm
(46)
£576 pcm
(13)
£668 pcm
(8)
£704 pcm
(2)
-

Fun facts for B24

Highest value in B24
Highest value streets Zed-Index
Poppy Lane £335,144
Grange Road £296,334
Sycamore Crescent £290,059
Greenside Road £282,808
Chestnut Drive £276,931
Highest turnover in B24
Highest turnover streets Turnover
Malcolm Avenue 38.5%
Galton Close 30.8%
Redcroft Drive 30.0%
Lydford Grove 30.0%
Holliday Road 29.7%

What Zoopla users think of Erdington

Overall rating:

  • currently 3.5 stars
Good - 70% (174 ratings)

Ratings breakdown:

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Local info for Birmingham

About the neighbours in B24

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