According to the public record, 16, Lomas Drive, Birmingham is a mid-century leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Lomas Drive, Birmingham, B31 is located in the borough of Birmingham within the B31 postal district.
16, Lomas Drive, Birmingham has a single entry in the Land Registry database from April 2023 and a single entry in the EPC database dated August 2014.
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 16 Lomas Drive Birmingham as £121,298 and the rental value as £779 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 16 Lomas Drive Birmingham has increased by £5,056 (4.2%) and its rental value has increased by £26 per month (3.3%).
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 16, Lomas Drive, Birmingham is in very good condition we estimate a sale value of £127,363 and rental value of £818 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £112,807 and a rental value of £724 per month.
If you were able to purchase this property for the estimated value of £121,298, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £596 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, 16, Lomas Drive, Birmingham was last sold on 03 Apr 2023 for £105,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2023, the market for similar properties has risen 5.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Lomas Drive, Birmingham within a radius of 530 metres over the last 2 years.
The most recent example is 34, Lomas Drive, Birmingham, B31 5LR, a Leasehold flat which sold for £124,990 in Nov 2023.
Read more about house prices in B31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lomas Drive, Birmingham, B31 has a total of 62 addresses. According to our analysis of all the public data, 16, Lomas Drive, Birmingham is the 43rd largest and the 51st most expensive property on the street.
When compared to the postcode district it is £107k less expensive than the average property in B31.
16, Lomas Drive, Birmingham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Aug 2014.
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 16, Lomas Drive, Birmingham is Northfield station which is 1.1 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 16, Lomas Drive, Birmingham, 52.1% of property is privately owned outright and 27.1% 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 16, Lomas Drive, Birmingham, 17.7% of residents are recorded as possessing school level qualifications and 33.7% 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 16, Lomas Drive, Birmingham, the average age was 41.3 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 16, Lomas Drive, 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 16, Lomas Drive, Birmingham, there are an average of 1.0 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.