According to the public record, 5, Rea Drive, Birmingham is a modern freehold house with 1,119 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Rea Drive, Birmingham, B5 is located in the borough of Birmingham within the B5 postal district.
5, Rea Drive, Birmingham has a single entry in the Land Registry database from February 2022 and a single entry in the EPC database dated February 2022.
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 good condition, we estimate the current sale value for 5 Rea Drive Birmingham as £394,166 and the rental value as £1,524 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 5 Rea Drive Birmingham has increased by £11,448 (2.9%) and its rental value has increased by £32 per month (2.1%).
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 5, Rea Drive, Birmingham is in very good condition we estimate a sale value of £413,874 and rental value of £1,601 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £366,574 and a rental value of £1,418 per month.
If you were able to purchase this property for the estimated value of £394,166, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,937 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, 5, Rea Drive, Birmingham was last sold on 25 Feb 2022 for £420,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2022, the market for similar properties has dropped 4.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Rea Drive, Birmingham within a radius of 430 metres over the last 2 years.
The most recent example is 17, Rea Drive, Birmingham, B5 7ET, a Freehold house which sold for £430,000 in Apr 2022.
Read more about house prices in B5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rea Drive, Birmingham, B5 has a total of 9 addresses. According to our analysis of all the public data, 5, Rea Drive, Birmingham is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £203k more expensive than the average property in B5.
5, Rea Drive, Birmingham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Feb 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 5, Rea Drive, Birmingham is Birmingham New Street 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 5, Rea Drive, Birmingham, 74.0% of property is socially rented and 16.4% 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 5, Rea Drive, Birmingham, 39.3% of residents are recorded as possessing school level qualifications and 26.7% 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 5, Rea Drive, Birmingham, the average age was 30.3 and the most common age was 27.
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 5, Rea 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 5, Rea Drive, Birmingham, there are an average of 0.6 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.