According to the public record, 114, Gospel Lane, Birmingham is a modern leasehold apartment and with 376 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Gospel Lane, Birmingham, B27 is located in the borough of Birmingham within the B27 postal district.
114, Gospel Lane, Birmingham has 31 entries in the Land Registry database, most recently in September 2016 and a single entry in the EPC database dated August 2019.
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 114 Gospel Lane Birmingham as £98,996 and the rental value as £679 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 114 Gospel Lane Birmingham has increased by £3,360 (3.4%) and its rental value has increased by £10 per month (1.4%).
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 114, Gospel Lane, Birmingham is in very good condition we estimate a sale value of £103,946 and rental value of £713 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £92,066 and a rental value of £632 per month.
If you were able to purchase this property for the estimated value of £98,996, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £487 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 HM Land Registry, 114, Gospel Lane, Birmingham was last sold on 23 Sep 2016 for £88,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2016, the market for similar properties has risen 39.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 114, Gospel Lane, Birmingham within a radius of 431m over the last 2 years.
The most recent example is 249A, Gospel Lane, Birmingham, B27 7AU, a Leasehold flat which sold for £86,000 in Aug 2017.
Read more about house prices in B27.
Gospel Lane, Birmingham, B27 has a total of 443 addresses. According to our analysis of all the public data, 114, Gospel Lane, Birmingham is the 439th largest and the 432nd most expensive property on the street.
When compared to the postcode district it is £122k less expensive than the average property in B27.
114, Gospel Lane, Birmingham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Aug 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 114, Gospel Lane, Birmingham is Olton station which is 800 m 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 114, Gospel Lane, Birmingham, 46.3% of property is socially rented and 24.4% is privately rented.
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 114, Gospel Lane, Birmingham, 24.7% of residents are recorded as possessing school level qualifications and 26.7% 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 114, Gospel Lane, Birmingham, the average age was 32.9 and the most common age was 7.
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 114, Gospel Lane, Birmingham, 0.0% 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 114, Gospel Lane, Birmingham, there are an average of 0.8 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.