According to the public record, 224, Mackadown Lane, Birmingham is a mid-century leasehold apartment with 430 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Mackadown Lane, Birmingham, B33 is located in the borough of Birmingham within the B33 postal district.
224, Mackadown Lane, Birmingham has a single entry in the Land Registry database from January 2022 and a single entry in the EPC database dated May 2021.
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 224 Mackadown Lane Birmingham as £105,610 and the rental value as £626 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 224 Mackadown Lane Birmingham has increased by £1,620 (1.5%) and its rental value has increased by £18 per month (2.9%).
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 224, Mackadown Lane, Birmingham is in very good condition we estimate a sale value of £110,891 and rental value of £657 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £98,217 and a rental value of £582 per month.
If you were able to purchase this property for the estimated value of £105,610, 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, 224, Mackadown Lane, Birmingham was last sold on 14 Jan 2022 for £115,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2022, the market for similar properties has risen 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 224, Mackadown Lane, Birmingham within a radius of 680 metres over the last 2 years.
The most recent example is 68, Goldstar Way, Birmingham, B33 0YP, a Leasehold flat which sold for £95,000 in Jun 2022.
Read more about house prices in B33.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mackadown Lane, Birmingham, B33 has a total of 140 addresses. According to our analysis of all the public data, 224, Mackadown Lane, Birmingham is the 140th largest and the 107th most expensive property on the street.
When compared to the postcode district it is £87k less expensive than the average property in B33.
224, Mackadown Lane, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 May 2021.
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 224, Mackadown Lane, 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 224, Mackadown Lane, Birmingham, 35.8% of property is socially rented and 33.0% 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 224, Mackadown Lane, Birmingham, 24.1% of residents are recorded as possessing school level qualifications and 14.1% 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 224, Mackadown Lane, Birmingham, the average age was 36.3 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 224, Mackadown 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 224, Mackadown 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.