According to the public record, 148, Old Forest Way, Birmingham is a mid-century leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Old Forest Way, Birmingham, B34 is located in the borough of Birmingham within the B34 postal district.
148, Old Forest Way, Birmingham has 41 entries in the Land Registry database, most recently in August 2021 and a single entry in the EPC database dated July 2018.
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 148 Old Forest Way Birmingham as £105,518 and the rental value as £697 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of 148 Old Forest Way Birmingham has increased by £1,841 (1.7%) and its rental value has increased by £22 per month (3.2%).
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 148, Old Forest Way, Birmingham is in very good condition we estimate a sale value of £110,794 and rental value of £732 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £98,131 and a rental value of £648 per month.
If you were able to purchase this property for the estimated value of £105,518, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £519 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, 148, Old Forest Way, Birmingham was last sold on 27 Aug 2021 for £94,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Aug 2021, the market for similar properties has risen 10.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 148, Old Forest Way, Birmingham within a radius of 670 metres over the last 2 years.
The most recent example is 16, Finches End, Birmingham, B34 6UD, a Leasehold flat which sold for £94,000 in Jul 2020.
Read more about house prices in B34.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Old Forest Way, Birmingham, B34 has a total of 67 addresses. According to our analysis of all the public data, 148, Old Forest Way, Birmingham is the 43rd largest and the 48th most expensive property on the street.
When compared to the postcode district it is £115k less expensive than the average property in B34.
148, Old Forest Way, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Jul 2018.
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 148, Old Forest Way, Birmingham is Lea Hall station which is 1.3 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 148, Old Forest Way, Birmingham, 42.1% of property is privately owned with a mortgage and 34.6% 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 148, Old Forest Way, Birmingham, 20.9% of residents are recorded as possessing school level qualifications and 32.2% 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 148, Old Forest Way, Birmingham, the average age was 36.8 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 148, Old Forest Way, Birmingham, 0.9% 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 148, Old Forest Way, Birmingham, there are an average of 1.3 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.