According to the public record, 48, Lannacombe Road, Birmingham is a mid-century leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Lannacombe Road, Birmingham, B31 is located in the borough of Birmingham within the B31 postal district.
48, Lannacombe Road, Birmingham has 21 entries in the Land Registry database, most recently in October 2020 and a single entry in the EPC database dated July 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 48 Lannacombe Road Birmingham as £96,264 and the rental value as £679 per month giving an expected gross yield of 8.5%.
Over the last 12 months the sale value of 48 Lannacombe Road Birmingham has increased by £4,731 (4.9%) and its rental value has increased by £25 per month (3.7%).
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 48, Lannacombe Road, Birmingham is in very good condition we estimate a sale value of £101,078 and rental value of £713 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £89,526 and a rental value of £631 per month.
If you were able to purchase this property for the estimated value of £96,264, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £473 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, 48, Lannacombe Road, Birmingham was last sold on 30 Oct 2020 for £80,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2020, the market for similar properties has risen 18.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48, Lannacombe Road, Birmingham within a radius of 590 metres over the last 2 years.
The most recent example is 28, Lannacombe Road, Birmingham, B31 4NU, a Leasehold flat which sold for £80,000 in Oct 2019.
Read more about house prices in B31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lannacombe Road, Birmingham, B31 has a total of 65 addresses. According to our analysis of all the public data, 48, Lannacombe Road, Birmingham is the 38th largest and the 42nd most expensive property on the street.
When compared to the postcode district it is £132k less expensive than the average property in B31.
48, Lannacombe Road, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Jul 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 48, Lannacombe Road, Birmingham is Longbridge station which is 700 metres 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 48, Lannacombe Road, Birmingham, 61.7% of property is socially rented and 13.6% 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 48, Lannacombe Road, Birmingham, 23.8% of residents are recorded as possessing school level qualifications and 22.3% 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 48, Lannacombe Road, Birmingham, the average age was 38.1 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 48, Lannacombe Road, 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 48, Lannacombe Road, Birmingham, there are an average of 0.9 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.