According to the public record, 1, Aero Way, Birmingham is a modern freehold house with 1,765 ft2 of internal area and sits on a 558 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Aero Way, Cofton Hackett, Birmingham, B45 is located in the borough of Bromsgrove within the B45 postal district.
1, Aero Way, Birmingham has a single entry in the Land Registry database from December 2015 and a single entry in the EPC database dated March 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Aero Way Birmingham as £588,866 and the rental value as £1,918 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of 1 Aero Way Birmingham has increased by £12,958 (2.2%) and its rental value has increased by £16 per month (0.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Aero Way, Birmingham is in very good condition we estimate a sale value of £618,309 and rental value of £2,014 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £547,645 and a rental value of £1,784 per month.
If you were able to purchase this property for the estimated value of £588,866, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,894 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1, Aero Way, Birmingham sits on a plot of 558m2.
We have plot size data on 7 out of 9 other houses in the postcode and 1, Aero Way, Birmingham sits on the largest plot.
According to HM Land Registry, 1, Aero Way, Birmingham was last sold on 11 Dec 2015 for £440,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2015, the market for similar properties has risen 50.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Aero Way, Birmingham within a radius of 1.2 kilometres over the last 2 years.
The most recent example is 16, Skylark Street, Birmingham, B45 8FP, a Freehold house which sold for £550,000 in May 2023.
Read more about house prices in B45.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Aero Way, Cofton Hackett, Birmingham, B45 has a total of 9 addresses. According to our analysis of all the public data, 1, Aero Way, Birmingham is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £290k more expensive than the average property in B45.
1, Aero Way, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Mar 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 1, Aero Way, Birmingham is Longbridge station which is 1.9 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Aero Way, Birmingham, 54.4% of property is privately owned with a mortgage and 23.9% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Aero Way, Birmingham, 24.4% of residents are recorded as possessing school level qualifications and 58.1% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Aero Way, Birmingham, the average age was 43 and the most common age was 52.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Aero Way, Birmingham, 0.6% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Aero Way, Birmingham, there are an average of 1.8 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.