According to the public record, 275, Park Way, Birmingham is a modern Leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Park Way, Rubery, Rednal, Birmingham, B45 is located in the borough of Birmingham within the B45 postal district.
275, Park Way, Birmingham has 41 entries in the Land Registry database, most recently in June 2022 and a single entry in the EPC database dated December 2020.
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 275 Park Way Birmingham as £149,060 and the rental value as £748 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 275 Park Way Birmingham has increased by £6,988 (4.7%) and its rental value has increased by £24 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 275, Park Way, Birmingham is in very good condition we estimate a sale value of £156,513 and rental value of £785 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £138,625 and a rental value of £696 per month.
If you were able to purchase this property for the estimated value of £149,060, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £733 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, 275, Park Way, Birmingham was last sold on 28 Jun 2022 for £134,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jun 2022, the market for similar properties has risen 8.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 275, Park Way, Birmingham within a radius of 650 metres over the last 2 years.
The most recent example is 5, Rubery Field Close, Birmingham, B45 9WD, a Leasehold flat which sold for £148,000 in Jan 2024.
Read more about house prices in B45.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Way, Rubery, Rednal, Birmingham, B45 has a total of 61 addresses. According to our analysis of all the public data, 275, Park Way, Birmingham is the 57th largest and the 57th most expensive property on the street.
When compared to the postcode district it is £150k less expensive than the average property in B45.
275, Park Way, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Dec 2020.
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 275, Park Way, Birmingham is Longbridge station which is 1.8 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 275, Park Way, Birmingham, 49.2% of property is privately rented and 38.5% is privately owned with a mortgage.
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 275, Park Way, Birmingham, 16.7% of residents are recorded as possessing school level qualifications and 34.5% 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 275, Park Way, Birmingham, the average age was 38.8 and the most common age was 52.
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 275, Park Way, Birmingham, 0.8% 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 275, Park Way, 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.