According to the public record, 56, Foster Way, Birmingham is a mid-century leasehold apartment with 479 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Foster Way, Birmingham, B5 is located in the borough of Birmingham within the B5 postal district.
56, Foster Way, Birmingham has 21 entries in the Land Registry database, most recently in March 2008 and a single entry in the EPC database dated January 2011.
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 56 Foster Way Birmingham as £87,970 and the rental value as £503 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 56 Foster Way Birmingham has increased by £3,330 (3.8%) and its rental value has increased by £10 per month (1.9%).
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 56, Foster Way, Birmingham is in very good condition we estimate a sale value of £92,369 and rental value of £528 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £81,813 and a rental value of £468 per month.
If you were able to purchase this property for the estimated value of £87,970, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £432 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, 56, Foster Way, Birmingham was last sold on 07 Mar 2008 for £73,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2008, the market for similar properties has risen 22.3%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 56, Foster Way, Birmingham within a radius of 510 metres over the last 2 years.
The most recent example is 45, Foster Way, Birmingham, B5 7QJ, a Leasehold flat which sold for £75,000 in Jan 2018.
Read more about house prices in B5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Foster Way, Birmingham, B5 has a total of 40 addresses. According to our analysis of all the public data, 56, Foster Way, Birmingham is the 38th largest and the 38th most expensive property on the street.
When compared to the postcode district it is £103k less expensive than the average property in B5.
56, Foster Way, Birmingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Jan 2011.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 56, Foster Way, Birmingham is Five Ways station which is 1.6 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 56, Foster Way, Birmingham, 33.6% of property is privately rented and 28.1% is socially 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 56, Foster Way, Birmingham, 35.5% of residents are recorded as possessing school level qualifications and 47.6% 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 56, Foster Way, Birmingham, the average age was 31.9 and the most common age was 17.
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 56, Foster Way, Birmingham, 0.3% 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 56, Foster Way, 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.