According to the public record, 550, Shannon Road, Birmingham is a mid-century house with 839 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Shannon Road, Birmingham, B38 is located in the borough of Birmingham within the B38 postal district.
550, Shannon Road, Birmingham has no records in the Land Registry database and a single entry in the EPC database dated December 2023.
We combine this information with public data 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 550 Shannon Road Birmingham as £192,765 and the rental value as £1,082 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 550 Shannon Road Birmingham has increased by £12,377 (6.4%) and its rental value has increased by £52 per month (4.9%).
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 550, Shannon Road, Birmingham is in very good condition we estimate a sale value of £202,403 and rental value of £1,136 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £179,271 and a rental value of £1,006 per month.
If you were able to purchase this property for the estimated value of £192,765, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £947 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 550, Shannon Road, Birmingham within a radius of 540 metres over the last 2 years.
The most recent example is 14, Bay Tree Close, Birmingham, B38 9SH, a Freehold house which sold for £200,000 in Sep 2023.
Read more about house prices in B38.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Shannon Road, Birmingham, B38 has a total of 101 addresses. According to our analysis of all the public data, 550, Shannon Road, Birmingham is the 59th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £43k less expensive than the average property in B38.
550, Shannon Road, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Dec 2023.
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 550, Shannon Road, Birmingham is Northfield station which is 2.0 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 550, Shannon Road, Birmingham, 52.3% of property is socially rented and 21.6% 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 550, Shannon Road, Birmingham, 23.8% of residents are recorded as possessing school level qualifications and 15.9% 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 550, Shannon Road, Birmingham, the average age was 36.9 and the most common age was 12.
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 550, Shannon 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 550, Shannon Road, 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.