According to the public record, 107, Park Road, Smethwick is a period freehold house with 807 ft2 of internal area and sits on a 259 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Park Road, Smethwick, B67 is located in the borough of Sandwell within the B67 postal district.
107, Park Road, Smethwick has 21 entries in the Land Registry database, most recently in October 2013 and a single entry in the EPC database dated August 2023.
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 107 Park Road Smethwick as £245,831 and the rental value as £1,196 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 107 Park Road Smethwick has increased by £7,079 (2.9%) and its rental value has increased by £33 per month (2.7%).
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 107, Park Road, Smethwick is in very good condition we estimate a sale value of £258,122 and rental value of £1,256 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £228,622 and a rental value of £1,113 per month.
If you were able to purchase this property for the estimated value of £245,831, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,208 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, 107, Park Road, Smethwick sits on a plot of 259m2.
We have plot size data on 19 out of 37 other houses in the postcode and 107, Park Road, Smethwick sits on the 5th largest plot.
According to HM Land Registry, 107, Park Road, Smethwick was last sold on 25 Oct 2013 for £135,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2013, the market for similar properties has risen 72.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 107, Park Road, Smethwick within a radius of 490 metres over the last 2 years.
The most recent example is 87, Park Road, Smethwick, B67 5HR, a Freehold house which sold for £243,000 in Mar 2023.
Read more about house prices in B67.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Road, Smethwick, B67 has a total of 254 addresses. According to our analysis of all the public data, 107, Park Road, Smethwick is the 213th largest and the 173rd most expensive property on the street.
When compared to the postcode district it is £26k more expensive than the average property in B67.
107, Park Road, Smethwick has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Aug 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 107, Park Road, Smethwick is Smethwick Rolfe Street station which is 2.6 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 107, Park Road, Smethwick, 43.2% of property is privately owned with a mortgage and 39.2% 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 107, Park Road, Smethwick, 19.1% of residents are recorded as possessing school level qualifications and 49.3% 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 107, Park Road, Smethwick, the average age was 37.1 and the most common age was 32.
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 107, Park Road, Smethwick, 1.1% 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 107, Park Road, Smethwick, there are an average of 1.1 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.